ABA Supports FASB Projects to Improve TDR, Goodwill Accounting
The American Bankers Association this week called on the Financial Accounting Standards Board to prioritize projects to improve accounting for...
Newsbytes
FOMC: Asset Purchases May be ‘Moderated’ if Economic Progress Continues
If the economy continues to improve broadly, “a moderation in the pace of asset purchases may soon be warranted,” the...
House Committee Votes to Include Cannabis Banking Bill in NDAA
In an overwhelming, bipartisan vote this week, the House Rules Committee agreed to include the SAFE Banking Act—an American Bankers...
Freddie Mac Clarifies Group Home Mortgage Purchase Policies
Following misunderstanding about Freddie Mac's rules for purchasing mortgages secured by group homes, the Department of Housing and Urban Development...
CFPB Names New Members to Community Bank Advisory Council
The CFPB today announced the appointment of new members to its Community Bank Advisory Council.
Existing Home Sales Drop in August
Existing-home sales dropped 2.0% in August to a seasonally adjusted annual rate of 5.88 million, according to the National Association...
Treasury Announces Steps to Counter Ransomware Threat
As part of its ongoing efforts to counter the growing threat of ransomware, the Treasury Department’s Office of Foreign Assets...
Basel Committee Urges Banks to Up Their Cyber Risk Preparedness
With cyber incidents continuing to pose a threat to the financial system, the Basel Committee on Banking Supervision called on...
Housing Starts Increase in August
Housing starts were at a seasonally adjusted annual rate of 1.615 million in August, according to the U.S. Census Bureau....
ABA Highlights Industry Progress to Help Customers Securely Share Financial Data
In a statement for the record shared ahead of a House Financial Services subcommittee hearing on consumer access to personal...
