A 2024 ABA survey shows that the CFPB’s 1071 final rule will significantly increase the cost of small business credit.
The CDFI Fund and Treasury Department announced they are soliciting public comments concerning the New Markets Tax Credit program’s allocation application for 2024.
The OCC proposed a new rule that could potentially speed up the agency’s process for considering Freedom of Information Act requests from the public.
In a letter, ABA urged the IRS to make several changes to proposed regulations concerning bad debt deductions for regulated financial companies and members of regulated financial groups.
The Financial Action Task Force announced that it will issue updated risk-based guidance on beneficial ownership and transparency of legal arrangements by the end of the month.
In keynote remarks during ABA’s Wealth Management and Trust Conference in New Orleans, ABA President and CEO Rob Nichols highlighted the association’s efforts to push back against a “tsunami” of regulations facing the banking industry as well as its ongoing advocacy for a number of key initiatives.
The CFPB issued a new rule revising the appeals process for institutions that seek to challenge a compliance rating or an adverse material finding made by the bureau.
FHA published the final mortgagee letter for its new loss mitigation home retention option for borrowers with agency-insured single-family forward mortgages who are behind on their mortgage payments.
During their most recent meeting in January, most members of the Federal Open Market Committee remained concerned about easing monetary policy too quickly, saying they needed more data to feel confident that inflation was moving sustainably toward the Federal Reserve 2% target, according to minutes from the meeting.