Rowland receives ABA Distinguished Service Award for Financial Crimes
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.
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First Busey to buy M&M Bank in Illinois
The $2.3 billion-asset First Busey in Champaign, Illinois, said in a press release that it…
VA urges mortgage servicers to pause foreclosures on veteran-owned homes
The Department of Veterans Affairs is calling on mortgage servicers to pause foreclosures of VA-guaranteed loans through May 31, 2024.
Fannie Mae, Freddie Mac to raise loan limit for mortgage acquisitions by $40,000
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.
Fed’s Waller, Bowman uncertain about further rate hikes
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.
Treasury official outlines regulatory priorities for fighting money laundering
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.
Nichols: ABA is helping bankers fight financial crime
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.
Fed announces 2024 reserve requirement exemption amount, low reserve tranche
The Federal Reserve announced technical details related to reserve requirements for depository institutions.
ABA, associations seek more time to comment on debit fee proposal
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.
New home sales decreased in October
New single-family home sales decreased to a seasonally adjusted annual rate of 679,000, according to…