Newsbytes

As part of an effort to accelerate financial-sector innovation and incubate fintech startups that are well-equipped to partner with banks,...

ABA Supports Proposed Changes to Remittance Rule

In a joint comment letter with the Clearing House and the Consumer Bankers Association yesterday, the American Bankers Association and...

House Members Caution Crapo on Changes to Cannabis Bill

The four bipartisan lead sponsors of the SAFE Banking Act—passed by the House last fall—yesterday wrote to Senate Banking Chairman...

Existing Home Sales Increase in December

Economy

Existing-home sales increased by 3.6% from November to a seasonally adjusted annual rate of 5.54 million in December, according to...

ARRC Seeks Feedback on Spread Adjustment Methodologies for Libor Transition

Commercial Lending

To help minimize any expected changes in the value of financial contracts that might result from a sudden reference rate...

ABA, Groups Highlight TRID Burden Ahead of CFPB Assessment

Mortgage

As the Consumer Financial Protection Bureau prepares to conduct its five-year assessment of the 2013 TILA-RESPA Integrated Disclosure Rule, ABA...

ABA Welcomes OCC’s Proposal to Codify ‘Valid When Made’ Principle

ABA yesterday expressed support for the OCC’s long-awaited regulatory solution affirming that permissible interest on a loan made by a...

Trade Groups Raise Concerns About Changes to FHFA UMBS Pooling Practices

Mortgage

The American Bankers Association joined several housing and financial trade groups in a letter to the Federal Housing Finance Agency...

Basel: Shadow Banking Moderates in 2018

Compliance and Risk

Bank-like activity by nonbanks that poses financial stability risks grew by 1.7% to total $50.9 trillion in 2018, according to...

Kraninger Signals Extension for GSE QM Patch

Mortgage