ABA Supports Bill to Study Challenges Faced by Prospective De Novos
In a letter sent ahead of a House Committee on Financial Services markup tomorrow, the American Bankers Association expressed support...
Newsbytes
‘SOFR First’ Initiative Kicks Off
Today marked the start of the first phase of the Commodity Futures Trading Commission’s “SOFR First” initiative, which it recommended...
New Home Sales Fall in June
New single-family home sales fell to a seasonally adjusted annual rate of 676,000 in June, according to the U.S. Census...
Financial Trades: 36% Fee and Rate Cap Could Constrain Credit
A coalition of financial trade groups including ABA today urged Senate Banking Committee members to reject any legislative proposal that...
White House Announces New COVID-19 Relief Measures for Homeowners
As more borrowers exit COVID-19 forbearance programs, the Biden administration today announced several new relief measures designed to help mortgage...
FHLB Advances Decreased, Collateral Increased in 2020
Advances from Federal Home Loan Banks during 2020 decreased about 34% to $422.6 billion, the Federal Housing Finance Agency reported...
ABA to Lawmakers: Don’t Use G-Fees as Funding Offset
In a letter to Sens. Kyrsten Sinema (D-Ariz.) and Rob Portman (R-Ohio) today, the American Bankers Association and a broad...
ABA Statement Highlights Banks’ Commitment to Reducing Number of Unbanked Americans
In a statement for the record shared ahead of a House Financial Services subcommittee hearing on expanding access to the...
ARRC Issues Conventions for Forward-Looking SOFR Term Rate; Endorses Date for Cross-Currency Swaps
The Alternative Reference Rates Committee today made two significant announcements today. In the first, the ARRC recommended conventions and use...
Agencies Signal Joint Community Reinvestment Act Overhaul to Come
Acting Comptroller of the Currency Michael Hsu today announced that his agency will propose to rescind changes to the Community...
