ABA Commends House Reg Reform Effort Ahead of Choice Act Vote
As Congress prepares to vote on the Financial Choice Act, ABA today wrote to House leadership commending the House Financial...
Mortgage
Agencies Clarify Interpretation on Lender-Placed Flood Insurance
In response to a query by ABA staff, the federal banking agencies recently provided clarifications on whether a lender charging...
Agencies Remind Banks of Appraisal Waiver Process
With financial institutions -- especially those in rural areas -- facing a critical shortage of qualified appraisers that is slowing...
ABA Posts FAQs on Successor-in-Interest Servicing Issues
To help bankers as they prepare to comply with the operationally complex “successor-in-interest” provisions of the Consumer Financial Protection Bureau’s...
CFPB to Assess Effectiveness of Qualified Mortgage Rule
The Consumer Financial Protection Bureau today released a plan to assess the effectiveness of its final Ability-to-Repay/Qualified Mortgage rule.
House Republicans Release Draft Flood Insurance Legislation
House Financial Services Committee Republicans are circulating a package of draft legislation to reform and reauthorize the National Flood Insurance...
ABA: Proposed HMDA Changes Warrant Further Discussion
In a comment letter today, the American Bankers Association provided feedback on the Consumer Financial Protection Bureau’s proposed technical changes...
ABA Submits Recommendations for Housing Finance Reform
As part of the banking industry’s continuing response to President Trump’s executive order outlining “core principles” for financial regulation, ABA...
Mnuchin: Administration Seeking Growth through Tax Reform, Reg Relief
Testifying before the Senate Banking Committee today, Treasury Secretary Steven Mnuchin said he is hoping to collaborate with senators on...
FHFA: HARP Refinances Down as Rates Climb
More than 510,000 borrowers refinanced their Fannie Mae or Freddie Mac mortgage loans in the first quarter, with 13,425 refinanced...
