ABA announced that Sepideh Rowland, senior managing director with FTI Consulting, has been recognized with this year’s ABA Distinguished Service Award for Financial Crimes.
The $2.3 billion-asset First Busey in Champaign, Illinois, said in a press release that it…
The Department of Veterans Affairs is calling on mortgage servicers to pause foreclosures of VA-guaranteed loans through May 31, 2024.
The Federal Housing Finance Agency announced that the baseline conforming loan limit values for mortgages that Fannie Mae and Freddie Mac will acquire in 2024 will increase by more than $40,000 from the previous year, to $766,550 for one-unit properties.
In separate speeches, Federal Reserve Governors Christopher Waller and Michelle Bowman gave differing answers to the question of whether the Fed would need to continue raising the federal funds rate to tame inflation, although both cautioned there remains much uncertainty in the economic outlook.
Regulatory priorities for the Treasury Department in combating illicit finance include closing the legal and regulatory loopholes that bad actors exploit and increasing transparency in the real estate sector, Under Secretary for Terrorism and Financial Intelligence Brian Nelson said.
ABA is working to bolster bankers’ efforts in the fight against financial crimes, ABA President and CEO Rob Nichols told attendees at the association’s annual Financial Crimes Enforcement Conference.
The Federal Reserve announced technical details related to reserve requirements for depository institutions.
The Federal Reserve should extend the public comment period for its notice of proposed rulemaking to significantly lower the cap on debit card interchange fees earned by banks, ABA and nine financial sector associations said in a joint letter.