The American Insurance Association (AIA) recently hired Maggie Seidel as vice president for public affairs, where she will lead AIA’s media relations and grassroots advocacy operations. Seidel ha...
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A survey on the Military Lending Act (MLA) found that the rule is having an adverse impact on lending to service members. The survey of credit unions with significant military membership – conduc...
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Mortgage applications for new home purchases decreased 20 percent in April from the previous month and 4.3 percent in year-over-year reports, according to the Mortgage Bankers Association (MBA) Builde...
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The Futures Industry Association (FIA) laid out a plan to improve the U.S. regulatory framework while enhancing the safety and stability of cleared derivatives markets. FIA’s recommendations fall...
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The Independent Community Bankers of America (ICBA) submitted a report last week to the U.S. Treasury Department that outlines its plan to bolster the economy by modernizing community banking regulati...
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The Securities and Exchange Commission (SEC) recently named Lucas Moskowitz the agency’s new chief of staff. “Lucas’s diverse background in both the public and private sectors has given him v...
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The U.S. Department of Housing and Urban Development (HUD) announced plans last week to invest up to $4 billion to repair the nation’s affordable housing stock via its HUD’s Rental Assistance Demo...
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U.S. Sens. Mark Warner (D-VA) and Tim Kaine (D-VA) recently introduced legislation to shore up pension plans for coal miners, which are currently at risk. The Miners Pension Protection Act will hel...
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The Financial Industry Regulatory Authority (FINRA) Board of Governors will seek public comment on its proposals to strengthen protections for investors. The proposals include a range of provisions...
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The U.S. Treasury Department set federal student loan interest rates at 4.45 percent, which is down from a peak of 6.8 percent in 2012. The Bipartisan Student Loan Certainty Act of 2013, sponsored ...
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The California Bankers Association (CBA) recently named Kathie Sowa as the 2017-2018 chair of the board of directors. Sowa is a commercial banking market executive for Bank of America Merrill Lynch...
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The Independent Community Bankers of America (ICBA) is opposed to the Consumer Financial Protection Bureau’s (CFPB) proposed data-collection and -reporting requirements for small-business loans. ...
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The Conference of State Bank Supervisors (CSBS) Board of Directors announced a series of initiatives to modernize state regulation of non-banks, including financial technology (fintech) firms. CSBS...
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The Securities and Exchange Commission (SEC) recently announced that William Hinman will serve as its new director of the Division of Corporation Finance. Hinman is a recently retired partner in th...
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The Consumer Financial Protection Bureau (CFPB) recently launched an inquiry into ways to gather and use information to identify the financing needs of small businesses, especially those owned by wome...
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A bipartisan group of 28 Senators are urging the Senate Appropriations Subcommittee on Agriculture to support robust funding for the Farm Service Agency’s (FSA) loan programs, which help family farm...
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The Independent Community Bankers of America (ICBA) is urging the National Credit Union Administration (NCUA) to withdraw its proposal to allow credit unions to issue alternative capital. In Februa...
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Private U.S. property/casualty insurers reported a $4.7 billion net underwriting loss in 2016—following an $8.9 billion net underwriting gain in 2015, according to ISO Solutions/Verisk Analytics and...
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The National Credit Union Administration’s (NCUA) Office of Small Credit Union Initiatives has launched a new Learning Management System portal to allow credit union boards, staff and volunteers to ...
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U.S. Reps. John Katko (R-NY) and John Delaney (D-MD) filed legislation to reform federal bankruptcy rules to allow people to discharge their student loan debt when they file bankruptcy. Currently, ...
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