Existing-Home Sales Fall 2.5% in November
Existing-home sales fell by 2.5% in November to a seasonally adjusted annual rate of 6.69 million, according to the National...
Newsbytes
Congress to Vote on COVID-19 Relief Bill Tonight
With Congress poised to cast final votes on a $900 billion bipartisan coronavirus relief package later this evening, ABA staff...
CFPB Provides ABA-Advocated ECOA Guidance
The Consumer Financial Protection Bureau today issued guidance on Regulation B—which implements the Equal Credit Opportunity Act—as it applies to...
OCC Issues Interpretive Letter on Preemption Standards
The Office of the Comptroller of the Currency issued an interpretive letter last Friday that sets out how it interprets...
N.Y. Fed: Credit Application, Acceptance Rates Fall During Pandemic
The COVID-19 pandemic had a significant effect on credit markets throughout 2020, with credit application and acceptance rates falling after...
FinCEN Proposes New Reporting, Recordkeeping Requirements for Crypto Transactions
With criminals increasingly turning to virtual currencies to move illicit funds, the Financial Crimes Enforcement Network last week proposed new...
Fed: Banks Retain ‘Strong Capital Levels’ in Second Round of 2020 Stress Tests
In the second supervisory stress test of 2020, large banks maintained strong capital levels under two separate hypothetical economic downturns,...
Congressional Leaders Announce Deal on Bipartisan COVID-19 Relief Package
After weeks of negotiations, congressional leaders tonight announced a deal for a $900 billion bipartisan coronavirus relief package.
CDC Recommends Bank Workers Be in Third Phase of Vaccinations
A panel of the Centers for Disease Control and Prevention today voted to include financial services workers in Phase 1c...
Fed’s Brainard Highlights Need to Understand, Manage Climate Change Risk
Speaking at a virtual industry event today, Federal Reserve Board Governor Lael Brainard highlighted the need to understand risks related...
