Newsbytes
IRS Issues Proposed Regulations on BOLI Transfers
The Internal Revenue Service and the Treasury Department has issued proposed regulations related to new reporting rules for certain transfers...
Fed Releases Audited Financial Statements
The Federal Reserve today released 2018 financial statements—independently audited by KPMG—for the combined system, including the 12 Federal Reserve Banks...
Fed Report Shows Durbin ‘Exempt’ Issuers Saw Debit Interchange Decline
Smaller debit card issuers—those covered by the Durbin amendment’s routing provision but not its interchange fee cap—continued to see a...
ABA, State Associations Raise Concerns About National Rate Cap in Letter to FDIC
The American Bankers Association joined a group of 51 state bankers associations in a letter to FDIC Chairman Jelena McWilliams...
Delinquent GSE Mortgages Fall in Q4
The number of home loans backed by Fannie Mae and Freddie Mac that are 60 or more days past due...
CFPB Proposal on Debt Collection Expected This Spring
The Consumer Financial Protection Bureau is expected to issue a notice of proposed rulemaking this spring to address a number...
FDIC’s ‘Supervisory Insights’ Highlights Libor Transition
With the future of Libor uncertain beyond 2021, the FDIC’s Winter 2018 Supervisory Highlights provides an overview of steps for...
Supreme Court: Foreclosure Firms Not Considered Debt Collectors Under FDCPA
The Supreme Court today ruled unanimously in the case of Obduskey v. McCarthy & Holthus LLP that a business engaged...
