FASB Issues Proposal to Delay CECL Implementation for Some Institutions
Following a vote last month, the Financial Accounting Standards Board today formally issued its proposal to delay the implementation of...
Newsbytes
Fed: Non-Employer Firms Face Challenges with Credit Access, Operating Expenses
Fewer non-employer firms—those without full-time or part-time employees on payroll, which account for 81% of U.S. small businesses—reported profitability in...
Rep. McHenry Calls for Hearing on Cybersecurity, Data Protection
In a letter to House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) today, Ranking Member Patrick McHenry (R-N.C.) today called...
FHA Updates Condominium Rules
The Federal Housing Administration issued a final rule today providing greater flexibility for individual condominium owners to obtain an FHA-insured...
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...
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...
