Newsbytes
Existing-Home Sales Soar 24.7% in July
Existing-home sales rose by a record 24.7% in July to a seasonally adjusted annual rate of 5.86 million, according to...
ABA Supports CFPB’s Proposed Advisory Opinion Pilot Program
The American Bankers Association today expressed support for the Consumer Financial Protection Bureau’s proposed advisory opinion program, which would allow...
ABA, FBA Unveil New Ads Highlighting Rep. Murphy’s Support for Small Biz
ABA and the Florida Bankers Association today began running new voter education ads thanking Rep. Stephanie Murphy (D-Fla.) for her...
State Associations Urge FHFA Director to Rescind “Ill-Advised” Refi Fee
Fifty-one state bankers associations wrote to Federal Housing Finance Agency Director Mark Calabria today urging him to rescind the 50...
FOMC Minutes Highlight Uncertainty about Economic Path Due to Virus
Certain segments of the economy were beginning to show improvement in recent days, but the trajectory of the economy overall...
Senators Raise Concerns Over GSE Refinance Fee
A group of Democratic senators today wrote to FHFA Director Mark Calabria raising concerns about a recent announcement that Fannie...
CFPB Proposes New Qualified Mortgage Category
The Consumer Financial Protection Bureau today proposed to create a new category of “seasoned” qualified mortgages.
FinCEN Statement Outlines Approach to BSA Enforcement
The Financial Crimes Enforcement Network today issued a statement describing its approach to Bank Secrecy Act enforcement and the factors...
DOL Issues Interim Final Rule on Lifetime Income Illustrations
The Department of Labor today issued an interim final rule implementing section 203 of the bipartisan Secure Act of 2019 requiring that...
