ABA, Industry Groups Launch Awareness Campaign for Struggling Mortgage Borrowers
With some Americans experiencing difficulties paying their mortgage due to COVID-19, the American Bankers Association yesterday joined a broad coalition...
Newsbytes
FHFA Validates Classic FICO for Fannie Mae, Freddie Mac
The Federal Housing Finance Agency said today it has validated and approved the use of the classic FICO credit score...
Fed to Hold Most Payments Services Fees Steady for 2021
The Federal Reserve announced today that it will maintain its current fee schedules for priced services for most payments services...
Small Business Optimism Remains Unchanged in October
The NFIB Small Business Optimism Index remained unchanged in October, measuring 104 points. While business conditions have improved, many respondents...
Survey: 46% of Small Businesses Increased Investment During COVID-19
Nearly half—46%—of small business (those with 100 employees or fewer) said they have increased investment in their businesses amid the...
Fed: ‘Great Deal of Uncertainty’ Around Credit Quality Due to COVID-19
Banks “remained well capitalized throughout” the COVID-19 pandemic, even as they absorbed large losses, according to the Federal Reserve’s latest...
ABA to FCA: Proposed Rule Changes Could Destabilize Financial Markets
ABA told the Farm Credit Administration today that proposed changes to regulatory capital rules could potentially destabilize financial markets and...
Fed Survey: Loan Demand, Standards Begin to Stabilize
Loan demand and standards for lending began to stabilize in the third quarter after demand weakened and standards tightened during...
Brooks: OCC Continuing Effort to Clarify Regulatory Treatment of Stablecoins
The OCC is continuing its efforts, working with other agencies, to facilitate banks’ ability to engage with digital currencies, Acting...
FSB Flags Third-Party Risk in New Consultation Paper
The Financial Stability Board today issued a paper on outsourcing and third-party risk management.
