In a comment letter to the Department of Defense today, ABA called on the Pentagon to repeal a section of the amendments to its Military Lending Act interpretive rule relating to service members’ ability to finance the purchase of Guaranteed Acceptance Protection insurance with a loan used to purchase the vehicle.
Delinquencies in many types of closed-end loans and home equity lines of credit rose in the third quarter of 2017, while bank card delinquencies fell, according to the ABA Consumer Credit Delinquency Bulletin released today.
The Government Accountability Office today issued a statement that the Consumer Financial Protection Bureau’s 2013 guidance on fair lending risks in indirect auto lending constitutes a “rule” for purposes of the Congressional Review Act.
More bankers began easing credit standards and terms amid weakening demand for a wide swath of commercial and real estate loan products in the third quarter, according to the Federal Reserve’s latest senior loan officer opinion survey released today.
Although auto lending volume has declined in 2016 and 2017, car loans with longer maturities continue to expand market share, according to a study released today by the Consumer Financial Protection Bureau.
During his confirmation hearing today, Randal Quarles — President Trump’s nominee to serve as Federal Reserve vice chairman for supervision — endorsed the concept of tailored supervision that ABA has done much to work into the policy conversation over the past several years.
The OCC is focusing on credit risk, compliance risk and strategic risk as its top supervisory priorities at community and midsize banks, according to the agency’s Semiannual Risk Perspective report released today.
Delinquencies in both open- and closed-end loans rose in the first quarter of 2017, according to the ABA Consumer Credit Delinquency Bulletin released today.
Delinquencies in closed-end loans rose in the fourth quarter of 2016 while delinquencies in open-end loans fell, according to the ABA Consumer Credit Delinquency Bulletin released today.
U.S. household debt levels are expected to set a new record later this year, according to economists at the Federal Reserve Bank of New York today.