ABA Urges CFPB to Provide Guidance on Last-Minute Holiday’s Effects on Mortgage Closing
Despite urgent requests from ABA and others, the Consumer Financial Protection Bureau has thus far indicated to ABA staff that...
Policy
FHFA Calls on Congress for Authority to Examine Third-Party Service Providers
In the Federal Housing Finance Agency’s annual report to Congress, the agency requested the authority to examine third-party service providers...
OCC’s Hsu: Addressing Appraisal Bias Requires ‘Collective Effort’
Acting Comptroller of the Currency Michael Hsu told attendees at a CFPB roundtable today that banks are being held accountable...
Eliminating TDR Accounting: Finally a Carrot for Adopting CECL?
By Josh Stein ABA’s position that troubled debt restructurings are outdated and unnecessary is gaining steam, demonstrated by the recent...
FDIC Proposes to Align Real Estate Lending Standards with CBLR
The FDIC proposed changes to its guidelines for real estate lending policies in order to align standards with the community...
FDIC Votes Not to Raise Assessments
The FDIC board today voted not to raise deposit insurance assessments on banks in order to recapitalize its insurance fund.
Agencies Update Regulatory Agendas
Federal agencies on Friday announced updates to their rulemaking agendas. Items on the agendas and their associated timelines were submitted...
Top Policymakers Emphasize Need for ‘Robust’ Alternate Reference Rates
Acting Comptroller of the Currency Michael Hsu today said that it is “imperative that banks continue careful planning” for the...
ABA Calls for Expanded Safe Harbor for SEC Climate Disclosures, Flexibility for Community Banks
The American Bankers Association urged the Securities and Exchange Commission today to provide a wide safe harbor for information and...
BIS Working Paper Examines Architecture and Rationale of CBDC Technology
The Bank for International Settlements released a working paper to discuss the range of central bank digital currencies, including addressing...
