ACH Network reports significant growth in same-day payments in 2023

Semi-annual report show plans by federal agencies on regulations regarding medical debt, NSF fees and more. However, the rules listed are currently under development and may be influenced by the incoming administration.

The Federal Communications Commission has established a “Private Entity Robocall and Spoofing Portal,” where banks and other companies can submit information about a suspected illegal call, including illegally “spoofed” calls, to the FCC’s Enforcement Bureau.

The CFPB finalized a rule that applies the Truth in Lending Act’s ability-to-repay requirements and civil liability provisions to residential property assessed clean energy loans, or PACE loans.

Fannie Mae and Freddie Mac have sold 171,333 nonperforming loans, with a total unpaid balance of $31.4 billion, from program inception in 2014 through June 30, 2024, according to FHFA.

The OCC released the third quarter 2024 mortgage metrics report, which showed that 97.4% of first-lien mortgages in the federal banking system were current and performing at the end of the quarter.

Proposed bank acquisitions announced in Ohio, Pennsylvania, Massachusetts and Kansas.