The U.S economy will grow about 4% over the four quarters of 2021, the strongest growth in nearly two decades after the deepest recession since the Great Depression, according to the latest forecast of the American Bankers Association’s Economic Advisory Committee.
Consumer credit delinquencies declined in eight out of 11 closed-end loan categories in the second and third quarters of 2020 amid significant fiscal support and sound financial management from consumers, according to ABA’s Consumer Credit Delinquency Bulletin released today.
The American Bankers Association today joined a coalition of finance, housing and insurance trade groups in a letter urging the Department of Housing and Urban Development to quickly advance a proposed rule that would allow mortgagors the option to purchase private flood insurance on Federal Housing Administration-insured mortgages for properties located in Special Flood Hazard Areas.
As the concerning trend of tax-exempt credit unions purchasing taxpaying banks persists, an Indiana academic raised the question of whether credit unions making such acquisitions should consider to enjoy their exempt status.
Existing-home sales rose by 0.7% in December to a seasonally adjusted annual rate of 6.76…
The federal banking agencies on Tuesday issued a set of frequently asked questions providing clarity about suspicious activity reporting and other anti-money laundering issues.
Housing starts increased to a seasonally adjusted annual rate of 1.669 million in December, according…
Pending confirmation of his executive branch and administrative agency nominees, President Biden today designated acting leaders for several agencies.
On President Biden’s first day in office, the White House issued a memo directing “executive departments and agencies” to freeze any pending regulations not yet published in the Federal Register.
Consumer Financial Protection Bureau Director Kathy Kraninger today announced her resignation as head of the agency. Kraninger was tapped to lead the CFPB in 2018 by President Trump.