CFPB Proposes Changes to QM Rule, Extension for Temporary ‘GSE Patch’
The Consumer Financial Protection Bureau today took a significant step to revise its Qualified Mortgage rule, issuing a proposal to...
Newsbytes
Existing-Home Sales Continued Drop in May
Existing-home sales fell by 9.7% in May to a seasonally adjusted annual rate of 3.91 million, according to the National...
FDIC, OCC Trim Effects of COVID-Related Loan Growth on Assessments
Noting that many banks grew loans substantially in response to credit needs during the coronavirus pandemic, the OCC and FDIC...
SBA: 4.7M PPP Loans Made as of June 20
Lenders nationwide had made approximately 4.7 million Paycheck Protection Program loans totaling $515 billion as of Saturday, the Small Business...
SBA Provides Guidance on Using PPP Loan Proceeds to Refi EIDLs
The Small Business Administration issued a procedural notice on Friday night providing guidance on using Paycheck Protection Program loan proceeds...
Quarles: Large Bank Stress Tests to Assess Industry Performance Under COVID-19 Scenarios
The latest stress test results for the nation’s largest banks will include a “sensitivity analysis” of how institutions would perform...
Fed Publishes New Standardized Framework for Understanding Payments Fraud
The Federal Reserve today published a new framework that banks and other payment providers can use to classify and understand...
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...
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...
