ABA won a helpful exemption in the Consumer Financial Protection Bureau’s final small-dollar lending rule that protects banks’ ability to make small-dollar “accommodation loans” to customers.

ABA and 10 other banking, business and online lending trade associations today wrote to members of the House and Senate commending lawmakers’ efforts to codify “valid-when-made” doctrine, which states that legally made bank loans may be resold and collected by nonbank entities at the at the same interest rate.

Delinquencies in closed-end loans held steady in the second quarter of 2017 while bank card delinquencies fell and home-related categories continued their decline toward normal levels, according to the ABA Consumer Credit Delinquency Bulletin released today.

Wells Fargo CEO Tim Sloan appeared before the Senate Banking Committee today to provide an update on the steps the bank has taken over the past year to mitigate damages resulting from unauthorized accounts that were opened by Wells Fargo employees to meet sales goals.

The OCC has conducted a study finding that the Consumer Financial Protection Bureau’s arbitration rule is likely to increase the cost of credit by about 25 percent once lenders factor in the cost of class action litigation, Acting Comptroller Keith Noreika said today at a fintech conference hosted by the Federal Reserve Bank of Philadelphia.

With 60 percent of consumers placing a high priority on mobile and online banking services, according to a recent ABA survey, ABA has endorsed the digital lending solution offered by LendKey.

The percentage of student loan borrowers leaving school with at least $20,000 in student debt has doubled from 20 percent to 40 percent from a decade ago, according to data released by the Consumer Financial Protection Bureau today.

Bankers continued tightening credit for commercial real estate and certain consumer loans in the second quarter of 2017, while residential mortgage lending eased and commercial and industrial standards remained mostly unchanged, according to the Federal Reserve’s latest senior loan officer survey released today.

The share of current and performing first-lien mortgages rose to 95.6 percent for the first quarter, up from 94.9 percent a year earlier, according to the Mortgage Metrics Report released today by the OCC.