Agencies finalize updated statement on CRE loan accommodations
The OCC, FDIC and National Credit Union Administration issued an updated policy statement regarding accommodations and workouts for commercial real...
Policy
Rep. Mooney introduces ABA-backed bill to help small banks raise capital
Rep. Alex Mooney (R-W.Va.) this week introduced a bill that would raise the threshold for small bank holding companies from...
International task force updates lists of countries with AML deficiencies
The Financial Action Task Force—an intergovernmental body that establishes international standards for anti-money laundering, countering the financing of terrorism and...
Powell sees lessons learned from recent bank closures
The recent bank runs and failures were “painful reminders” that there is no way to predict all of the stresses...
ABA suggests changes to Nacha proposals on credit, debt risk management
ABA offered feedback on Nacha’s recent proposal to amend nine of its operating rules on credit risk and debit risk...
ABA, associations raise concerns on proposed rulemaking for patent appeals
A series of proposed changes restricting access to America Invents Act post-grant proceedings before the Patent Trial and Appeal Board...
Powell: More rate hikes likely needed to fight inflation
The Federal Open Market Committee may raise the federal funds rate at least two more times as it continues the...
Report finds significant volume of COVID-assistance loan fraud
At least 17% of all COVID-19 economic injury disaster and payment protection program loans were disbursed to potentially fraudulent actors,...
Treasury Department urges insurance regulators to incorporate climate risks
State insurance regulators should prioritize efforts to adapt their regulatory and supervisory tools to incorporate climate-related risks, the Treasury Department...
FHA adds preferred language, education requirement to mortgage originations
The Federal Housing Administration announced that it will require lenders to submit information about borrowers’ preferred language and any housing...
