CDFI Fund seeks comments on New Markets Tax Credit allocation application
The CDFI Fund and Treasury Department announced they are soliciting public comments concerning the New Markets Tax Credit program’s allocation...
Newsbytes
OCC proposes changes to Freedom of Information Act process
The OCC proposed a new rule that could potentially speed up the agency’s process for considering Freedom of Information Act...
Existing home sales increased 3.1% in January
Existing home sales increased 3.1% in January to a seasonally adjusted annual rate of 4 million, the National Association of...
FDIC issues regulatory relief guidance for Washington state
The FDIC released guidance with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of...
ABA: Proposed revisions to bad debt regulation need reworked
In a letter, ABA urged the IRS to make several changes to proposed regulations concerning bad debt deductions for regulated...
ABA Data Bank: Tooth Fairy Index declines for first time in five years
The average cash gift left by the Tooth Fairy in the U.S. declined by 6% in 2024, from $6.23 to...
FATF pushes forward with beneficial ownership information guidance
The Financial Action Task Force announced that it will issue updated risk-based guidance on beneficial ownership and transparency of legal...
FDIC issues regulatory relief guidance for California
The FDIC released guidance with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of...
Nichols discusses ‘real-world impacts’ of regulatory tsunami
In keynote remarks during ABA's Wealth Management and Trust Conference in New Orleans, ABA President and CEO Rob Nichols highlighted...
Mortgage rates rise
The rate for a 30-year fixed-rate mortgage was 6.9% this week, up from last week when it averaged 6.77%.
