CFPB Study Finds Mixed Results for ‘Credit-Builder’ Loans
The Consumer Financial Protection Bureau today released a study of the effects of so-called credit-builder loans on credit scores.
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ABA: More Detail Needed in FinCEN Analysis of CTR Burden
A recent estimate by the Financial Crimes Enforcement Network of the total cost to file currency transaction reports “significantly underestimates”...
Agencies Propose Rule to Increase Flexibility for Grandfathered Group Health Plans
The Departments of Treasury, Labor, and Health and Human Services on Friday issued a proposed rule to amend the requirements for grandfathered...
New CFPB Study Examines Recent Debt Settlement, Credit Counseling Trends
A new report from the CFPB found “substantial changes in debt settlement activities over the last 13 years,” likely driven...
Producer Price Index Lower Than Expected in June
The Producer Price Index for final demand fell 0.2% in June, seasonally adjusted, according to the U.S. Bureau of Labor...
FHFA Extends Loan Processing Flexibilities for GSEs
To continue providing support to mortgage borrowers during the coronavirus pandemic, the Federal Housing Finance Agency said it would extend...
Fed Proposes Revisions to Capital Assessments, Stress Testing Reports
The Federal Reserve has announced temporary revisions to its Form FR Y-14A/Q/M, the Capital Assessments and Stress Testing Reports.
ABA, Groups Support Automatic Forgiveness for PPP Loans under $150K
The American Bankers Association joined a broad coalition of nearly 150 trade associations and advocacy groups today in strong support...
ABA Condemns NCUA’s Subordinated Debt Proposal
In a comment letter to the National Credit Union Administration on Wednesday, the American Bankers Association called for the withdrawal...
