Browsing: Newsbytes

Newsbytes

ABA, along with the Bank Policy Institute and the Securities Industry and Financial Markets Association, today expressed its support for a proposal from the Federal Reserve and the FDIC, as well as an advance notice of proposed rulemaking from the FDIC, to tailor their resolution planning frameworks for large banking companies and large insured banks.

Newsbytes

The number of home loans backed by Fannie Mae and Freddie Mac that are 60 or more days past due fell from 1.08% to 1.03% at the end of the first quarter, according to the Federal Housing Finance Agency’s foreclosure prevention report released today.

Commercial Lending

House Financial Services Committee Ranking Member Patrick McHenry (R-N.C.) wrote to Federal Reserve Vice Chairman for Supervision Randal Quarles this week calling on the Fed to increase its efforts to help banks transition away from the London Interbank Offered Rate to SOFR, the preferred benchmark rate of the Alternative Reference Rates Committee.

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