Browsing: ABA news

Newsbytes ABA, BPI caution against CRA rule changes

Two recent policy developments could fundamentally alter banks’ Community Reinvestment Act programs, and policymakers should avoid finalizing proposed changes to the CRA rules until these issues are resolved, ABA and the Bank Policy Institute said in a letter to regulators.

Newsbytes Atlanta Fed’s Bostic to speak at ABA Annual Convention

Raphael Bostic, president of the Federal Reserve Bank of Atlanta, will join ABA Chief Policy Officer Naomi Camper during the ABA Annual Convention, Oct. 8-10 in Nashville, for a conversation on the outlook for the U.S. economy and interest rates, state of the banking industry, opportunities to enhance financial inclusion and more.

Newsbytes ABA urges support for affordable housing tax credit bills

Bipartisan legislation to create a neighborhood homes tax credit would address the needs of families throughout the country who are struggling to purchase homes as costs continue to rise and the supply of homes remains limited, ABA said in comments to committee leaders in the House and Senate.

Newsbytes ABA recommends adjustments to FHFA pricing framework

ABA offered feedback on the Federal Housing Finance Agency’s recent request for comment on Fannie Mae’s and Freddie Mac’s single-family pricing framework, with the association recommending regular agency reviews and transparency surrounding the guarantee fees that are a key revenue source for both government-sponsored enterprises.

Newsbytes Fed’s Barr to speak at ABA Annual Convention

Federal Reserve Vice Chairman for Supervision Michael Barr will share his outlook for bank regulation and discuss other key policy issues with ABA President and CEO Rob Nichols during the ABA Annual Convention, Oct. 8-10 in Nashville.

Newsbytes ABA: Residential clean energy loan rule would curb PACE abuse

ABA and 12 organizations this week said they support a proposed CFPB rule applying ability-to-repay requirements to residential property-assessed clean energy, or PACE, loans, saying the changes are needed to limit abuses that have occurred in states with active residential PACE programs.

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