Ely Calls for Fundamental Restructuring of Farm Credit System
In a white paper circulated recently on Capitol Hill, industry veteran Bert Ely called for an overhaul of the Farm...
Newsbytes
FHFA Finalizes New Requirements for Validating, Approving Credit Score Models
As expected, the Federal Housing Financial Agency issued a final rule—as directed by the S. 2155 regulatory reform law—establishing new...
Household Debt Continues to Climb
Outstanding household debt increased by 1.4% in the second quarter of 2019, rising by $192 billion to land at $13.86...
Rep. Waters Releases Summary of Largest Banks’ Diversity Figures
The nation’s largest banks have made progress in their efforts to become more diverse and inclusive, but room for improvement...
ABA Foundation Invites Banks to Host Annual Video Contest
Registration is now open for banks wishing to participate in the American Bankers Association Foundation’s 10th annual Lights, Camera, Save!...
ABA’s Gullette: CECL Could Imperil Credit in Economic Downturn
With 75% of bank investors now opposed to the current expected credit loss standard, ABA SVP Mike Gullette highlighted the...
FHFA to Remove Language Preference Question From URLA
The Federal Housing Finance Agency has directed Fannie Mae and Freddie Mac to make several changes to the Uniform Residential...
Eighth Circuit Court Sides with Mutual Institutions in M&A Lawsuit
The Eighth Circuit this week delivered a win to mutual institutions when it dismissed a Missouri case in which two...
Consumer Credit Growth Decelerates in June
Consumer credit increased at a seasonally adjusted annual rate of 4.3 percent in June. Total outstanding credit increased $14.6 billion...
Stewart Op-Ed Tackles ‘Troubling Trend’ of Credit Unions Buying Banks
The accelerating trend of credit unions acquiring banks "means fewer businesses contributing to the tax base supporting our communities," wrote...
