Fannie Mae and Freddie Mac transferred $5.5 billion of credit risk on mortgages with an unpaid principal balance (UPB) of $174 billion through capital markets, reinsurance, and front-end reinsurance t...
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The Investment Company Institute (ICI) reports that 63 percent of all workers aged 26 to 64 participate in an employer-sponsored retirement plan either directly or through a spouse. The data, repor...
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National Association of Federally Insured Credit Unions (NAFCU), along with representatives from various financial industry trade organizations, met with lawmakers on Capitol Hill last week to discuss...
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The latest Credit Card Market Monitor report revealed credit card use continued to expand in the first quarter of 2017. The American Bankers Association’s measuring unit determined monthly purcha...
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A House Committee on Small Business hearing entitled “Protecting Small Businesses from Cyber Attacks: The Cybersecurity Insurance Option,” recently examined how small businesses can manage their r...
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The chairman of the House Small Business Committee recently penned a letter advocating tax reform as a potential small business growth tool. Rep. Steve Chabot (R-OH) forwarded correspondence to Re...
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A short-term extension of the National Flood Insurance Program (NFIP) before its Sept. 30 expiration would lead to lapses and uncertainty in insurancing, housing and lending markets, the National Asso...
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The Retail Industry Association (RILA) voiced opposition on Tuesday that would codify a court decision barring states from collecting taxes from a business unless the business has a physical location ...
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Leaders of the House Financial Services Committee debated the regulatory environment for community banks, and whether or not regulatory relief is needed, in a series of public exchanges on Tuesday. ...
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The Securities and Exchange Commission (SEC) selected Bryan Wood this week to lead the agency's Office of Legislative and Intergovernmental Affairs. As director, Wood would advise the chairman, co...
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Under legislation introduced in the U.S. House of Representatives on Monday, the Consumer Financial Protection Bureau (CFPB) would oversee provisions of the Servicemembers Civil Relief Act (SCRA) that...
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Three bills approved by the House Small Business Committee on Monday aim to give small businesses more access to capital by modernizing lending and investment programs that support small businesses an...
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SIFMA is in favor of implementing standards for brokers giving customers investment advice, the association that represents the U.S. securities industry recently said in response to the Securities and...
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The Independent Community Bankers of America (ICBA) lobbied Congress on Tuesday for a multi-year farm bill and permanent funding mechanisms for U.S. Department of Agriculture (USDA) loans to avert a p...
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The National Credit Union Administration’s (NCUA) recent plan to reorganize its operations has garnered the support of the Credit Union National Association (CUNA). NCUA officials said the agency...
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A floor vote is expected this fall by the U.S. House of Representatives on the 21st Century AIRR Act, a critical bill proposing that the nation’s air traffic control system (ATC) become a nonprofit ...
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Republicans on the House Financial Services Committee introduced a resolution of disapproval last week to nullify a Consumer Financial Protection Bureau (CFPB) rule that allows consumers to file a cla...
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The impact of monetary and fiscal policy on price stability and the economy was discussed at a House Subcommittee on Monetary Policy and Trade hearing last week, which mainly focused on the interactio...
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A recent investigation conducted by the U.S. Secret Service resulted in the arrest of five individuals in connection with a $28 million credit card and identity theft scheme. The men involved repor...
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Bankers’ groups urged lawmakers at a Senate Finance Committee hearing last week to reform housing finance to allow continued access for community banks. The Independent Community Bankers of Ameri...
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