ABA’s Nichols Firmly Opposes NCUA Subordinated Debt Proposal
A move by the National Credit Union Administration to allow large credit unions to issue subordinated debt for regulatory capital...
Newsbytes
Fannie, Freddie 2021 Affordable Housing Goals to Remain Unchanged
The Federal Housing Finance Agency yesterday announced Fannie Mae and Freddie Mac’s 2021 affordable housing goals would remain the same...
Basel: Shadow Banking Sector Outpaces Banks in 2019
Bank-like activity by nonbanks that poses financial stability risks grew by 11.1% to total $57.1 trillion in 2019, according to...
Retail Sales Down 1.1 Percent in November
There were $546.5 billion in retail and food service sales in November, down 1.1% from October but 4.1% above the...
Small Biz Panel to CFPB: Prioritize Simplicity, Consistency in Section 1071 Rules
Small entities expected to be affected by the Consumer Financial Protection Bureau’s Dodd-Frank Section 1071 rulemaking recommended that the CFPB...
Labor Department Finalizes Fiduciary Investment Advice Exemption
The Department of Labor today finalized its proposed class exemption on fiduciary investment advice.
FHFA: Fannie, Freddie Sold More than 128,000 Nonperforming Loans Since 2014
Fannie Mae and Freddie Mac have sold 128,471 nonperforming loans as of June 30, 2020, with a total unpaid balance...
FDIC Issues Proposal to Allow Exemptions from SAR Requirements
To help banks develop more efficient and effective Bank Secrecy Act compliance programs, the FDIC today issued a proposal that...
Agencies Propose Rule Regarding Timely Notification of Cyber Attacks
A new proposed rule by the federal banking agencies would require banks to notify their primary regulator within 36 hours...
ABA, Groups Urge Locking in Reforms Before GSE Conservatorships End
The American Bankers Association and several housing industry groups urged the Department of Treasury yesterday to ensure that reforms for...
