CFPB Probes for Information on Financial Product Fees in ‘Misguided’ RFI
The CFPB today issued a request for information seeking comments on fees associated with financial…
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New Home Sales Rise in December
New single-family home sales rose to a seasonally adjusted annual rate of 811,000 in December,…
ABA, Trades Urge DOL to Engage with Industry Prior to Overtime Rulemaking
As the Department of Labor contemplates a new overtime rulemaking, the American Bankers Association joined 109 other trade groups in a letter urging the DOL to meet with industry groups prior to proposing a new rule.
ABA Report: Business, Consumer Credit Markets Expected to Continue Improving
Top economists from the largest U.S. banks expect credit conditions to continue improving for both consumers and businesses over the next six months, according to ABA’s Credit Conditions Outlook released today.
FDIC Partners With Operation Hope to Promote Financial Education
The FDIC today said it has partnered with the nonprofit Operation Hope to promote financial education to minority and women-owned businesses. Through the partnership, Operation Hope will use the FDIC’s Money Smart financial education resources to help teach how to do business with the agency.
FinCEN Proposes SAR Information Sharing Pilot Program
The Financial Crimes Enforcement Network today issued a notice of proposed rulemaking to establish a pilot program to for financial institutions to share suspicious activity reports with their foreign branches, subsidiaries and affiliates.
FDIC Approves Final Rule Simplifying Deposit Insurance for Trust, Mortgage Servicing Accounts
The FDIC today approved a final rule to simplify deposit insurance calculations for revocable trusts, irrevocable trusts and mortgage servicing accounts.
FFIEC Modernization Project Yields Best-Practice Recommendations
The Federal Financial Institutions Examination Council issued a statement of principles on examination information requests.
ABA Data Bank: ABA Economic Advisory Committee Forecasts Interest Rates to Rise, Inflation to Slow in 2022
The ABA Economic Advisory Committee consensus forecast anticipates softer, though still elevated, inflation in 2022 along with three 25 basis point rate increases from the Federal Reserve.
ABA, Trade Groups: HMDA Compliance Costs, Burdens Remain High
As the CFPB undertakes its planned assessment of the 2015 Home Mortgage Disclosure Act regulations…