Browsing: Newsbytes

Legal

By a bipartisan 24-8 vote, the House Judiciary Committee yesterday approved the Innovation Act (H.R. 9), which would seek to reduce abuse of the patent system.

Economy

Producer prices rebounded in May, climbing 0.5 percent, seasonally adjusted, according to the U.S. Bureau of Labor Statistics, attributable to prices for final demand goods which rose 1.3 percent. This was the second monthly increase in the past six months. Producer prices fell 1.1 percent on a yearly basis.

Newsbytes

Stonier recognized 220 graduates today, and ABA Chairman-Elect Dan Blanton reminded them of the importance of their Stonier education in shaping the industry’s future.

Compliance and Risk

ABA has added a new online course on the TILA-RESPA integrated disclosures to its free Frontline Compliance Training program. Since all customer-facing staff who discuss mortgage products or take loan applications will need to understand and be able to explain the new TRID forms, this course is designed to provide bank employees with an overview of the new forms and requirements.

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