Ahead of tomorrow’s markup of the bipartisan Secure and Fair Enforcement Banking Act—which would address the issue of providing financial services to cannabis-related business—the American Bankers Association wrote to members of the House Financial Services Committee today in support of the bill.
The Commodity Futures Trading Commission voted today to expand the de minimis exception to the swap dealer definition for swaps entered into by insured depository institutions in connection with originating loans for their customers.
Recognizing the serious effects of flooding in the Midwest, federal and state financial regulatory agencies today issued a joint statement reminding banks of supervisory expectations related to disaster recovery.
Citing rising credit risk in its single-family loan portfolio, the Federal Housing Administration this month reintroduced manual underwriting requirements for single-family mortgages with credit scores under 620 and debt-to-income ratios exceeding 43 percent.
Amid turbulent times for trade, community and midsize banks are helping fuel America’s export economy.
The share of current and performing first-lien mortgages in the fourth quarter of 2018 was 95.8 percent, up slightly from 94.5 percent a year ago, according to the Mortgage Metrics Report released today by the OCC.
Tailored business banking, lending and real estate financing solutions for doctors and dentists.
The Internal Revenue Service and the Treasury Department has issued proposed regulations related to new reporting rules for certain transfers of life insurance policies that were included in the 2017 tax reform law.
The Federal Reserve today released 2018 financial statements—independently audited by KPMG—for the combined system, including the 12 Federal Reserve Banks and the Board of Governors.