Agencies Adopt Volcker Reforms on Covered Funds, Affiliate Transactions
The federal banking agencies today approved an interagency final rule amending the Volcker Rule’s treatment of covered funds and transactions...
Newsbytes
FDIC Finalizes Rule Codifying ‘Valid When Made’ Principle
The FDIC today finalized an ABA-supported rule codifying that permissible interest on loans made by state-chartered banks and insured branches...
Durable Goods Surge in May
New orders for manufactured durable goods in May increased 26.6 billion or 15.8% to $194.4 billion, according to the U.S....
Agencies Release 2019 HMDA Data
The Federal Financial Institutions Examination Council today released the 2019 Home Mortgage Disclosure Act data on mortgage lending transactions at...
ABA, MSTAR Receive Industry Initiative Award from Leading Risk Management Publication
Risk.net, a prominent digital publication focused on operational risk news and analysis, today awarded its 2020 Industry Initiative Award to...
CFPB Grants Flexibility to Servicers Offering Forbearance Options to Borrowers
The Consumer Financial Protection Bureau today granted flexibility under Regulation X for servicers to offer deferral options to borrowers as they transition...
ABA Urges FHFA to Revisit FHLB Ban on Captive Insurers
As the Federal Housing Finance Agency weighs a rulemaking process on Federal Home Loan Bank membership eligibility, the American Bankers...
Industry Groups Oppose Rakuten’s Re-Submitted Deposit Insurance Application
The American Bankers Association joined the Bank Policy Institute and the Consumer Bankers Association today in expressing strong opposition to...
CFPB Updates Process for Determining ‘Underserved’ Counties
In an interpretive rule issued today, the CFPB provided guidance on how it will determine which counties qualify as “underserved”...
Financial Regulators Issue Examiner Guidance for Assessing COVID-19 Effects
Recognizing the significant and long-lasting effects of the coronavirus pandemic on financial institutions, federal and state financial regulators today issued...
