Newsbytes
House Financial Services Committee Advances Credit Reporting Bills
The House Financial Services Committee last night approved several bills that would amend the Fair Credit Reporting Act and make...
ARRC Releases White Paper on Using SOFR Average for ARM Products
The Alternative Reference Rates Committee yesterday released a white paper that shows how to use an average of the Secured...
ABA: Proposed Legislation Would Degrade Credit Reports
In a memo to members of the House Financial Services Committee today, the American Bankers Association expressed opposition to several...
ABA Urges Restraint on Debt Limit Change for Chapter 12 Bankruptcies
In a comment letter sent today, ABA warned the House Judiciary Committee of the unintended consequences of raising the current...
Gallup Poll: Americans’ Confidence in Banks Holds Steady
Americans’ confidence in banks held steady in 2019, according to an annual Gallup survey released this week.
Powell: Trade Uncertainties, Slowing Global Growth Putting Pressure on U.S. Economy
Testifying before the House Financial Services Committee today, Federal Reserve Chairman Jerome Powell said he and his colleagues “don’t expect...
Credit Card Delinquencies Fall, Other Delinquencies Hold Steady
Delinquencies for credit cards provided by banks fell significantly in the first quarter of 2019, while the composite index of...
Agencies Finalize Volcker Rule Exemption for Community Banks
The five federal financial regulatory agencies today finalized a rule implementing a section of the S. 2155 regulatory reform law...
Agencies Issue Final Capital Simplification Rule
The financial regulatory agencies today issued a joint final rule to simplify the Basel III regulatory capital calculations for all...
