ABA Offers Free Resources for American Housing Month
In celebration of American Housing Month in June, ABA is offering a number of resources to help bankers promote consumer awareness about their housing options.
Browsing: Newsbytes
ABA Comments on Disclosure for Muni Loans
ABA yesterday urged the National Federation of Municipal Analysts to remove from its draft recommended best practices a requirement to disclose bank loans to municipalities in advance of loan closing.
ABA’s Keating Named to Washington Power List
ABA President and CEO Frank Keating has been named to Washington Life magazine’s “The Power 100” list.
CFPB Issues Report on ‘Credit Invisible’ Individuals
The Consumer Financial Protection Bureau today issued a report on the 26 million Americans it calls “credit invisible” — those without a history at a major credit reporting bureau — and the 19 million additional Americans whose credit histories are too old or sparse to be accurately scored.
ABA-Supported Bill Would Delay Enforcement on TILA-RESPA Disclosures
Reps. Steve Pearce (R-N.M.) and Brad Sherman (D-Calif.) on Friday introduced H.R. 2213, which would provide lenders with a temporary safe harbor from enforcement of the rule integrating required mortgage disclosures under the Truth in Lending Act and the Real Estate Settlement Procedures Act.
CFPB Updates Exam Procedures for TILA-RESPA Integration
The Consumer Financial Protection Bureau today issued a set of revised examination procedures to provide guidance on how it will conduct compliance exams for the TILA-RESPA integrated disclosures taking effect Aug. 1.
Freddie Mac Profits Improve in First Quarter
Following a weak end to 2014, Freddie Mac today posted improved net income of $524 million in the first quarter — although the figure is still down significantly from the $4 billion the company earned in the first quarter of 2014.
Deficit Widens as Imports Increase More Than Exports
The U.S. international trade deficit increased in March, rising to $51.4 billion, up from $35.9 billion in February.
Non-Manufacturing ISM Index Rises in April
The Non-Manufacturing ISM Report on Business Index was 57.8 in April, up 1.3 points from 56.5 in March.
ABA Continues Grassroots Push as 2,300 Letters to Congress Roll In
ABA’s newest grassroots alerts have resulted in more than 2,300 letters to members of Congress urging them to support or co-sponsor several bipartisan bills introduced as part of ABA’s Agenda for America’s Hometown Banks.