FFIEC Green Lights Temporary Appraisal Relief for North Dakota
The Appraisal Subcommittee of the Federal Financial Institutions Examination Council has approved a waiver request from appraisal licensing requirements for...
Newsbytes
Trade Associations Weigh In on Changes to FTC’s Safeguards Rule
As the Federal Trading Commission considers making changes to its existing standards for safeguarding customer information, ABA last week joined...
ISM: Non-Manufacturing Sector Growth Slowed in July
The ISM Non-Manufacturing Index registered 53.7 points in July, 1.4 percentage points lower than June’s figure. This was the 114th consecutive...
Banks Report Stronger Residential Mortgage Demand
The second quarter saw substantially stronger demand for residential mortgage loans, according to the Federal Reserve’s latest senior loan officer...
Fed to Offer Its Own Faster Payments Service
In a long-awaited decision, the Federal Reserve today announced it would develop FedNow, its own 24/7/365 real-time settlement service designed...
Congress Increases Debt Limit for Chapter 12 Bankruptcies
Just prior to going into recess for August, the Senate on Thursday passed an ABA-opposed bill that would significantly raise...
ABA Opposes Delaware’s Proposed Changes to Trust Company Applications
The American Bankers Association today wrote to Delaware State Bank Commissioner Robert Glen urging him to withdraw a proposal that...
ABA Data Bank: As Share of Disposable Income, Credit Card Debt Holds Steady
As a share of disposable income, credit card credit outstanding (seasonally adjusted) eased 3 basis points to 5.40 percent in...
FHA to Limit Cash-Out Refinances
Noting that FHA endorsements with cash-out refinances have more than tripled since 2013, the Federal Housing Administration moved to reduce...
Credit Card Use Moderates in First Quarter
Credit card use moderated in the first quarter of 2019, according to the American Bankers Association’s latest Credit Card Market...
