Household Debt Increased Ahead of Coronavirus Outbreak
Outstanding household debt increased by 1.1% in the first quarter of 2020, rising by $155 billion to land at $14.3 trillion, the Federal Reserve Bank of New York reported today.
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Banks Ease Standards, Terms for C&I Loans to Large, Midsize Firms
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.
Should We Require Restrictive Endorsements on Remote Business Deposits?
…and more insights from ABA’s Compliance Center Inbox in the next issue of the ABA Banking Journal.
ABA Endorses Promontory Fulfillment Services’ Mortgage Fulfillment Solution
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.
Household Debt Increases for 15th Consecutive Quarter
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.
Household Debt Jumps in Fourth Quarter of 2017
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.
Consumer Delinquencies Mixed in Third Quarter of 2017
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.
CFPB Finalizes HMDA Technical Corrections, HELOC Reporting Threshold
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.
ABA Supports CFPB Proposal to Raise Threshold for HELOC Reporting
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.
CFPB Proposes Temporary Adjustments for HMDA Reporting Requirements
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.