A small net percentage of banks reported easing standards and terms for loans to large and midsize firms in the previous quarter, while on net no banks eased standards for small businesses, according to the Federal Reserve’s latest senior loan officer opinion survey released today.
…and more insights from ABA’s Compliance Center Inbox in the next issue of the ABA Banking Journal.
To enable banks to offer a full range of mortgage products, ABA has endorsed the comprehensive mortgage fulfillment solution provided by Promontory Fulfillment Services, a unit of Promontory MortgagePath.
Outstanding household debt increased by 0.5 percent in the first quarter of 2018, rising by $63 billion to land at $13.21 trillion, the Federal Reserve Bank of New York said yesterday.
Outstanding household debt increased by 1.5 percent in the fourth quarter of 2017, rising by $193 billion to land at $13.15 trillion, the Federal Reserve Bank of New York said today.
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 Consumer Financial Protection Bureau today issued a final rule making several technical corrections and clarifications to the expanded data collection under Regulation C, which implements the Home Mortgage Disclosure Act, as well as temporarily raising the threshold at which banks are required to report data on home equity lines of credit.
In a comment letter today, ABA supported a CFPB proposal to raise the threshold at which banks are required to report data on home equity lines of credit.
The Consumer Financial Protection Bureau today issued a proposal to raise the threshold at which banks are required to report data on home equity lines of credit.
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.