Small Business Optimism Rises in April
The NFIB Small Business Optimism Index rose to 96.9 in April, up 1.7 points from the previous month.
Browsing: Newsbytes
CFPB Warns Lenders to Consider Section 8 Voucher Income
The Consumer Financial Protection Bureau today issued a bulletin reminding creditors to include income from Section 8 homeownership vouchers when underwriting mortgage loans, in keeping with the prohibition on discrimination based on income derived from a public assistance program under the Equal Credit Opportunity Act and Regulation B.
ABA Names Apodaca as New Head of Ag Banking
Steve Apodaca today joined ABA as SVP and head of the Center for Agricultural and Rural Banking.
FS-ISAC to Partner with Retail Info-Sharing Center
The Financial Services Information Sharing and Analysis Center today announced a strategic partnership with the recently formed Retail Cyber Information Sharing Center, an entity designed to improve retailers’ capabilities to track cyber threats and prevent and mitigate data breaches.
Register Now for ABA School of Bank Marketing and Management
Bankers are registering now for ABA’s School of Bank Marketing and Management, June 11-18 in Atlanta. Attendees must register by Wednesday, May 20, to receive ABA’s discounted hotel room rate.
Regulators Close Bank in Chicago
State regulators on Friday closed Edgebrook Bank, Chicago, and appointed the FDIC as receiver.
FHFA’s Watt Announces Final Extension of HAMP, HARP
Fannie Mae and Freddie Mac will participate in the federal government’s Home Affordable Modification Program and Home Affordable Refinance Program through the end of 2016, Federal Housing Finance Agency Director Mel Watt said in a speech on Friday in Los Angeles.
ABA Banker to Testify on TILA-RESPA Disclosures This Week
Cynthia Lowman — president of United Bank Mortgage Corp., Grand Rapids, Mich., and chairman of ABA’s Mortgage Markets Committee — will testify on ABA’s behalf on Thursday at a House Financial Services subcommittee hearing on implementation of the TILA-RESPA integrated disclosures that take effect Aug. 1.
Jeremiah Norton Resigns as FDIC Director
Jeremiah Norton, who has served as a director on the FDIC board since 2012, on Friday announced his resignation from the agency. His last day will be June 5.
Federal Contractors Must Continue to Post Union Rights Notice
On May 7, the federal District Court for the District of Columbia rejected a challenge by the National Association of Manufacturers et al. to the Department of Labor rule requiring federal contractors to post a notice of employee rights under the National Labor Relations Act. DOL’s rule took effect on June 21, 2010, but was challenged in this lawsuit.