FDIC study: Raising deposit insurance assessments led to drop in bank lending
Raising deposit insurance assessment rates during a time of economic stress leads to a “significant drop” in bank lending growth,...
Policy
FHFA to create affordable housing advisory committee
The Federal Housing Finance Agency announced today it will establish a federal advisory committee on affordable, equitable and sustainable housing.
Op-ed: Durbin-Marshall credit card plan would hurt local banks, consumers
Legislation in Congress giving merchants broad say over which credit card routing networks they use puts consumers’ financial information at...
FASB seeks to update accounting standards for investments in tax credit structures
The Financial Accounting Standards Board today issued a proposed accounting standards update intended to improve accounting and disclosures for equity...
Trades to CFPB: Banks provide superior customer service
The American Bankers Association joined the Consumer Bankers Association and Bank Policy Institute in asserting that banks provide superior customer...
Trade groups oppose proposed increase in deposit insurance assessments
The American Bankers Association and five trade associations came out against a proposed two basis-point increase in deposit insurance assessment...
Associations seek comment extension for proposed QPAM amendments
The American Bankers Association and seven trade groups submitted a letter today to the U.S Department of Labor requesting a...
Trade groups urge California to delay passage of GHG emissions reporting bill
The American Bankers Association joined the California Bankers Association and two other financial trade groups in a letter to members...
FHFA announces updated eligibility standards for GSE sellers, servicers
The Federal Housing Finance Agency today announced updated standards that mortgage lenders will have to meet in order to sell...
Fed minutes: Higher rates likely to remain ‘for some time’
A tight labor market and high inflation convinced the Federal Open Market Committee to unanimously approve a 75 basis point...
