Browsing: Newsbytes

Newsbytes

President Obama yesterday named John Herrera to a vacant seat on the National Credit Union Administration board. Herrera is currently an executive at a community development financial institution.

Economy

Producer prices rose 0.5 percent in June, seasonally adjusted, after rising 0.4 percent in May, according to the U.S. Bureau of Labor Statistics. The majority of June’s increase was attributable to an increase in prices for final demand services. Producer prices have increased 0.3 percent over the last 12 months. Prices for final demand services

Compliance and Risk

ABA staff yesterday participated in a meeting with senior Federal Housing Finance Agency officials and other industry representatives on FHFA’s proposal to include a “language preference” question on the revised Uniform Residential Loan Application.

Economy

Economic activity expanded across most of the twelve Federal Reserve Districts, according to the July 2016 edition of the Federal Reserve’s Beige Book. Most Districts reported a modest pace of growth, while some reported a moderate or steady pace. Banking conditions were mixed. Overall loan demand increased; however, the pace of increase varied (slow in

Mortgage

A bipartisan group of six senators last week cautioned FHFA Director Mel Watt that taking steps toward moving Fannie Mae and Freddie Mac out of conservatorship without comprehensive reform would “perpetuate the pre-crisis practice of socializing losses and privatizing gains.”

Newsbytes

Consistent with overall economic improvement, measures of Americans’ financial stress and fragility continue to improve — even as financial literacy trends slightly downward — according to the 2016 Financial Capability in the United States study released today by the FINRA Investor Education Foundation and the Global Financial Literacy Excellence Center.

1 878 879 880 881 882 1,060