ABA Wins Longer Comment Period on Fiduciary Rule
The Department of Labor on Friday said it would extend the comment period for its rule redefining who counts as a fiduciary under the Employee Retirement Income Security Act.
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OCC Releases Final Rule on Licensing Integration
The OCC today published a final rule to integrate the agency’s licensing rules for national banks and federal savings associations.
ABA Files Second Comment Letter on Regulatory Burden Review
ABA last week filed its second comment letter in response to the decennial EGRPRA regulatory burden review that the federal banking agencies must conduct.
FHFA Provides Update on Single Security for Housing GSEs
The Federal Housing Finance Agency on Friday issued an update on the development of the Single Security, a mortgage-backed security to be issued by both Fannie Mae and Freddie Mac via a common securitization platform.
Webinar to Cover Registration Process for .bank Domains
ABA will hold a free webinar on preparing for the rollout of the .bank domain on Tuesday, May 26, from 1-2 p.m. EDT.
Homebuilder Confidence Fell Two Points in May
The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) fell two points to a level of 54 in May, but increased nine points from May 2014.
House Panel Passes Derivatives Clearing Relief for Small Banks
The House Agriculture Committee yesterday passed a reauthorization bill for the Commodity Futures Trading Commission. ABA successfully advocated for the inclusion of an amendment that would provide an exemption for derivatives clearing for small bank holding companies.
Mining and Utilities Drive Industrial Production Decline
Industrial production decreased 0.3 percent in April, the fifth consecutive monthly loss. From April 2014, the index increased 1.9 percent.
Are Credit Unions Really Successful at Achieving Their Mission?
Bill Brooks, a certified financial planner with CU Prosper, wrote in the Credit Union Times questioning whether credit unions are achieving their mission.