ABA, Industry Groups Call for Five-Member, Bipartisan CFPB Commission
The American Bankers Association joined a broad coalition of financial and housing industry groups today in a letter of support...
Newsbytes
ABA, AMBA CEOs Call for Equal Treatment of Banks, Credit Unions on Military Bases
In an American Banker op-ed today, American Bankers Association President and CEO Rob Nichols and Association of Military Banks of...
CFPB Announces Pilot Program to Issue Binding Advisory Opinions
Under a new pilot program launched by the Consumer Financial Protection Bureau today, entities seeking to comply with existing regulations...
Powell: COVID-19 Affecting Availability of Coins for Banks
The coronavirus pandemic has affected the regular flow of coinage through the economy and the availability of coins for banks,...
FHFA Extends Foreclosure, Eviction Moratorium for GSE-Backed Mortgages
The Federal Housing Finance Agency announced today that it would extend—through August 31 at a minimum—a moratorium on foreclosures and...
Housing Starts Up 4.3% in May
Housing starts increased to a seasonally adjusted annual rate of 974,000 in May, according to the U.S. Census Bureau. The...
SBA Streamlines PPP Forgiveness Application for Many PPP Borrowers
The Small Business Administration today released a three-page “EZ” Paycheck Protection Program loan forgiveness application requiring less documentation and fewer...
Freddie Mac Sees Encouraging Housing Data as Pandemic Recovery Begins
Home purchase applications have begun to rebound from April lows, reaching the second highest weekly level of the year in...
Sen. Moran Introduces ABA-Backed Brokered Deposit Modernization Bill
Sen. Jerry Moran (R-Kan.) yesterday introduced an ABA-backed bill to replace current restrictions on brokered deposits with an asset growth...
OCC: Mortgage Performance Holds Steady Year-on-Year
The share of current and performing first-lien mortgages in the first quarter of 2020 was 96.5%, up slightly from 96.2%...
