Student Loan Debt Outpacing Other Debt Growth
The Federal Reserve Bank of New York announced in its Q1 2015 Household Debt and Credit Report, that total household debt reached $11.85 trillion, up only $24 billion from last quarter.
ABA Banker: Rushing TILA-RESPA Integration Poses Risks to Customers
The rush to implement the TILA-RESPA integrated mortgage disclosures on Aug. 1 poses risks to customers, Cindy Lowman told a House Financial Services Committee panel today.
Powell: Fed Tailoring Regs to Minimize Community Bank Impact
Federal Reserve Governor Jerome Powell today acknowledged that many post-financial crisis regulations not aimed at community banks are nonetheless affecting them.
ABA, Groups Emphasize ‘Shared Responsibility’ for Protecting Customers
ABA and several other trade groups submitted a statement for the record of today’s House Financial Services Committee hearing on data security, emphasizing the shared responsibility that all participants in the payments system have for safeguarding customer data.
CFPB Signals Future Action on Student Loan Servicing
The Consumer Financial Protection Bureau today issued a request for information on various aspects of student loan servicing, signaling a potential future rulemaking on the subject.
Producer Prices Slip in April
Producer prices fell 0.4 percent in April, seasonally adjusted, according to the U.S. Bureau of Labor Statistics, after increasing 0.2 percent in March.
Visa to Boost, Tier Reimbursements for Reissued Cards
ABA played a lead role in securing higher post-data breach reimbursement levels for banks of banks of all sizes.
ABA Survey: TILA-RESPA Compliance Systems Not Ready
Mortgage bankers preparing for the implementation of the TILA-RESPA integrated disclosures are uncertain that they and their vendors will be ready for the switchover to the new disclosure regime, which takes place for all mortgage applications starting Aug. 1, according to an ABA survey released today.
Gruenberg Sees Declines in FDIC D&O Claims
Professional liability claims by the FDIC against bank directors and officers peaked in 2013 and are expected to decline further, FDIC Chairman Martin Gruenberg told a conference of bank directors today.