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.
Newsbytes
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 and Washington Federal Seek Summary Judgment in Fed Dividend Case
ABA and Washington Federal on Wednesday filed a motion for summary judgment in their class action lawsuit seeking over $1.1...
Watchdog Dings CFPB for Website Security ‘Deficiencies’
Despite steps to improve it, the Consumer Financial Protection Bureau’s website has several “control deficiencies” that must be “mitigated to...
House Leaders Expected to Pull Durbin Repeal from Choice Act
House Republican leadership is expected to remove a provision repealing the Durbin Amendment from House Financial Services Committtee Chairman Jeb...
ABA: Farm Banks Well Positioned to Meet Customers’ Credit Needs
In testimony submitted for a Senate Agriculture Committee hearing on the state of the farm economy today, ABA noted that...
Bank Loan Growth Slows in First Quarter
Loan growth slowed across all major lending categories in the first quarter, according to the FDIC’s Quarterly Banking Profile released...
U.S. Teens Notch Average Scores on Global Financial Literacy Test
U.S. teenagers scored just below the average for developed countries in a major financial literacy test, the Organization for Economic...
