Fannie, Freddie Transfer $115B in Credit Risk
Since the Federal Housing Finance Agency launched a credit risk transfer program for Fannie Mae and Freddie Mac in 2013,...
Newsbytes
FATF Upgrades Assessment of U.S. Regarding Beneficial Ownership Framework
In a significant development for the industry, the Financial Action Task Force recently upgraded its assessment of the United States’...
FHA Announces COVID-19 Relief for Borrowers
The Federal Housing Administration yesterday announced relief for FHA mortgage borrowers unable to make payments because of the coronavirus pandemic.
House Lawmakers: Ag Businesses Should Qualify for Emergency Grants
In a letter to U.S. Small Business Administration Administrator Jovita Carranza yesterday, a group of House lawmakers urged SBA to...
SBA Increases Rate, Clarifies Terms on Paycheck Protection Program Loans
The Small Business Administration today issued an interim final rule that provides additional implementation guidelines and requirements for its Paycheck...
DOL Issues ‘Temporary Rule’ to Implement Paid Leave Law
The Department of Labor has issued a “temporary rule” to implement the paid leave provisions in the Families First Coronavirus...
Fed Makes Temporary Change to Supplementary Leverage Ratio Calculation
The Federal Reserve announced today that it will temporarily exclude U.S. Treasury securities and deposits at Federal Reserve Banks from...
CFPB Policy Statement Addresses Reporting of Consumer Credit Data During Pandemic
The Consumer Financial Protection Bureau today issued a policy statement regarding financial institutions’ reporting obligations under the Fair Credit Reporting...
ABA Supports Proposed Regulatory Reforms to Volcker Rule’s ‘Covered Funds’ Provisions
In a comment letter to the federal banking agencies today, the American Bankers Association supported a proposal to amend the...
