CFPB Issues Proposal to Extend Critical Remittance Rule Exception
The Consumer Financial Protection Bureau today proposed an American Bankers Association-advocated change to its remittance rule that would permanently allow...
Newsbytes
Banking Agencies Issue ABA-Urged Guidance on Hemp Banking
The federal banking agencies and the Financial Crimes Enforcement Network, in consultation with the Conference of State Bank Supervisors, today...
Eight Banks Added to ABAQ Index
The American Bankers Association added eight banks to its Nasdaq Community Bank Index (ABAQ) today.
FHFA: Fannie, Freddie Sold More than 117,000 Nonperforming Loans Since 2014
Fannie Mae and Freddie Mac have sold 117,466 nonperforming loans as of June 30, 2019, with a total unpaid balance...
WSJ Article Examines Mission Creep, Rising Risk Among Credit Unions
Tax-exempt credit unions—which have seen significant growth in the years since the financial crisis—are increasingly “using their newfound financial heft...
FSB Report Examines Effects of Basel Reforms on Small, Midsize Biz Financing
A new analysis by the Financial Stability Board of the global post-financial crisis regulatory framework found that the regulatory reforms...
Fed’s 2020 Fees Expected to Rise 2.4%
The Federal Reserve System’s 2020 fee schedules for priced services that go into effect Jan. 2 are expected to be...
FDIC Seeks Public Feedback on Regulatory Actions
As part of its ongoing commitment to transparency, the FDIC is issuing a request for information seeking comments on its...
ABA Announces $2.5 Million Insurance Distribution to Qualified Members
American Bankers Mutual Insurance Ltd.—the reinsurer for ABA’s endorsed insurance program—will distribute $2.5 million to be shared by qualified member...
