FDIC Votes to Codify ‘Valid-When-Made’ Principle
Following action by the OCC yesterday, the FDIC proposed a rule stipulating that interest rates valid when the loan is...
Newsbytes
Agencies Finalize Counterparty Credit Risk Proposal for Derivatives
The FDIC, OCC and the Federal Reserve today finalized a new approach for calculating the exposure of derivative contracts under...
ABA Urges Senate to Reauthorize Terrorism Risk Insurance Program
In a letter to Sens. Mike Crapo (R-Idaho), Sherrod Brown (D-Ohio), Thom Tillis (R-N.C.) and Tina Smith (D-Minn.) today, ABA...
Survey: Banks Ramp Up Efforts to Protect Older Americans from Financial Abuse
As the population of older Americans continues to grow—and with seniors increasingly the targets of scams—a majority of banks are...
ABA Calls for Legislative Fix to Brokered Deposit Rules
Current laws and regulation related to brokered deposits—which were enacted three decades ago—are in “urgent need of modernization to ensure...
OCC Proposes to Codify ‘Valid-When-Made’ Principle
Providing a long-awaited regulatory solution to court rulings challenging the principle, the OCC today proposed that interest rates valid when...
ARRC Recommends Libor Fallback Language for Residential ARMs
The Alternative Reference Rates Committee today issued its recommended fallback language for residential adjustable-rate mortgages that reference the London Interbank...
Fed: Business Debt Remains Elevated but Banking Sector ‘Resilient’
Business debt is historically high relative to U.S. gross domestic product, with debt increasing most rapidly among the riskiest firms...
ABA Data Bank: Ag Lenders’ Concerns about Producers
Read more in the ABA/Farmer Mac Agricultural Lender Survey.
FDIC Research Shows Effect of Regulation on Nonbank Mortgage Market
In recent years, nonbanks have made major inroads into sectors like the single-family mortgage market, where they now originate more...
