Farm Credit Watch: FCA Continues to Grossly Misrepresent FCS’ YBS lending
As in prior years, FCA’s annual report grossly overstates the FCS’s YBS lending activities.
As in prior years, FCA’s annual report grossly overstates the FCS’s YBS lending activities.
American confidence in banks increased in 2017, according to Gallup’s annual “Confidence in Institutions” survey.
Eight financial trades — including ABA — today wrote to the Federal Housing Finance Agency requesting that the agency extend the comment period for its request for information on how to improve service to borrowers with limited English proficiency.
The Consumer Financial Protection Bureau today issued policy guidance stating that it does not intend to take supervisory or enforcement action for violations of existing Regulation X or Regulation Z resulting from a servicer’s early compliance with the 2016 final servicing rule for a period of three days before the applicable effective dates.
The federal regulatory agencies are inviting public comments on additional revisions to the Call Report, which will take effect March 31, 2018.
Seventy-five percent of middle-market executives — those representing firms with between $100 million and $3 billion in annual revenue — say that they will need additional capital to remain competitive when faced with disruption in their industry, according to a new survey released today by CapitalOne.
Together with six financial trade associations, ABA today urged lawmakers to include in the upcoming appropriations bill language that would explicitly reaffirm Congress’ intent that the Community Development Financial Institutions program support the entire diverse CDFI sector.
The Conference Board Consumer Confidence Index increased to 118.9 in June, rebounding from declines in the two preceding months. The Present Situation Index rose 5.7 points to 146.3, the second consecutive monthly increase. The Expectations Index declined for the third straight month, falling 1.7 points to 100.6. “Consumer confidence increased moderately in June following a
ABA and six other financial trade groups wrote to the Department of Defense on Friday urging the department to take additional steps to clarify inconsistencies and confusion that still surround the amended Military Lending Act rules and a subsequent interpretive rule issued by DOD.
Noting the progress made over the last several years to improve the strength and resiliency of the U.S. financial system, Federal Reserve Governor Jerome Powell today pointed to several key areas that the Fed is currently focusing on for regulatory reform.