CFPB Issues Report on Mortgage Servicing During COVID-19
The Consumer Financial Protection Bureau today released a report highlighting data collected from 16 bank and non-bank mortgage servicers between...
Newsbytes
Sheltered Harbor CEO: Regulators Sending Louder Messaging About Data Protection
In the wake of the Colonial Pipeline ransomware attack in early May, U.S. financial regulators have been sending louder messaging...
ABA Supports Amendment Blocking Creation of New Account Flow Reporting Requirements
ABA today wrote to Senate leaders in support of an amendment to the budget resolution put forth by Sen. Mike...
Small Business Optimism Falls in July
The NFIB Small Business Optimism Index decreased to 99.7 in July, a decrease of 2.8 points, reversing the gains in...
FDIC Selects Four Companies for Tech Prototype Competition
The FDIC has selected four companies to submit proposals for technology to help banks better use data as part of...
SEC Approves Nasdaq Rules to Promote Board Diversity
The SEC last week approved new Nasdaq rules for companies listing on the stock exchange that will require them to...
Consumer Credit Increases in June
In June, consumer credit increased at a seasonally adjusted annual rate of 10.6%. Revolving credit increased at an annual rate...
ABA Data Bank: Non-employer Firms Were Most Likely to Seek PPP Funding at Banks
Non-employer firms—those without full-time or part-time employees on payroll—that sought Paycheck Protection Program funding most frequently did so from large...
Employment Rises in July
Total nonfarm payroll employment rose by 943,000 in July, according to the Bureau of Labor Statistics. Total unemployed persons fell...
Fed Announces Individual Capital Requirements for Large Banks
The Federal Reserve today announced individual capital requirements for banks with more than $100 billion in total consolidated assets. The...
