Newsbytes

The Federal Reserve is pursuing improvements to the stress testing process of systemically important banks, Fed Vice Chairman Stanley Fischer...

GDP Falls 0.2 Percent in the First Quarter

Economy

U.S. Real GDP for the first quarter decreased at a rate of 0.2 percent, according to the third estimate released...

CoBank Does It Again and Lends to Investor-Owned Water Company

Ag Banking

Farm Credit System lenders are not just lending to large, investor-owned utilities – they're bragging about it.

New .bank Domain Sees Strong Demand with 3,000 Applications

Cybersecurity

Last night, within the first 10 minutes of general availability for .bank domain names, more than 3,000 applications were received....

Servicing Rule Compliance Lapses Are Focus of CFPB Report

Compliance and Risk

The Consumer Financial Protection Bureau yesterday issued a “Supervisory Highlights” report that outlined several areas of concern its examiners have...

Boston Fed: Unbanked More Likely to Use Prepaid Cards

Newsbytes

People without checking accounts are nearly twice as likely as those who do have checking accounts to own a general-purpose,...

Senate Democrats Seek Investigation of REO Maintenance Disparities

Fifteen Democratic senators today asked the federal financial regulators to look into allegations that financial institutions and the housing GSEs...

Delinquent GSE Mortgages Continue to Decline

The number of home loans backed by Fannie Mae and Freddie Mac that are 60 days or more past due...

ABA Supports Proposed State Standards for Nonbank Servicers

ABA strongly supports a set of prudential regulatory standards for nonbank mortgage servicers recently proposed by the Conference of State...

Fannie Mae Eliminates Desktop Underwriter Fees