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...
Newsbytes
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...
CFPB: Alternative Data Could Increase Availability, Lower Cost of Credit
The use of alternative data in credit decisions could make a significant difference in the cost and availability of credit...
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...
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...
