The latest measure of American home prices revealed a consistent rise over the last year. S&P CoreLogic Case-Shiller Indices data released for June 2017 showed Seattle, Portland, and Dallas reporte...
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Aon is launching Aon Flood Secure, an insurance product that will provide replacement coverage to U.S. organizations that have reached aggregated flood limits on their property policies. The produc...
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The U.S. Government Accountability Office (GAO) is recommending that Congress consider legislation to reduce the expected rate of return for companies that sell federal crop insurance. To implement...
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The Federal Communications Commission (FCC) is looking to create a database of reassigned numbers that businesses and robocallers can use to avoid calling numbers no longer used by consumers that gave...
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American Express officials said the global services company has resolved regulatory review concerns raised by the Consumer Financial Protection Bureau (CFPB). The company said the matter stemmed fr...
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U.S. Housing and Urban Development (HUD) recently announced that it will speed up federal disaster assistance to the State of Texas and provide support to homeowners and low-income renters forced from...
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The Consumer Financial Protection Bureau (CFPB) issued a report this week that cautions senior citizens about taking out a reverse mortgage loan to bridge the gap in income while delaying Social Secur...
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Rep. Maxine Waters (D-CA) is urging the Federal Deposit Insurance Corporation (FDIC) to hold a public hearing on Social Financial’s (SoFi) application to establish an Industrial Loan Company (ILC), ...
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Illinois Gov. Bruce Rauner vetoed last week a bill that would have raised the state’s minimum wage to $15 per hour. The minimum wage remains at $8.25, where it has been since 2010. The bill would...
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The Consumer Financial Protection Bureau (CFPB) amended the Home Mortgage Disclosure Act (HMDA) rule last week, temporarily changing reporting requirements and clarifying the information that financia...
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The Federal Reserve recently named Dave Sapenaro as payments strategy director, succeeding Gordon Werkema, who is retiring. Sapenaro is the first vice president and chief operating officer of the F...
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Legislation was introduced in the U.S. House of Representatives last week that would create the position of an independent Inspector General (IG) at the Consumer Financial Protection Bureau (CFPB). ...
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A Mortgage Bankers Association's (MBA) National Delinquency Survey maintains second quarter delinquencies and foreclosures declined. The report noted the delinquency rate for mortgage loans on one-...
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The number of people participating in the federal SNAP program – formerly the food stamp program – continues to decline as the economy improves, the Center on Budget and Policy Priorities said. ...
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The Independent Community Bankers of America (ICBA) commended efforts by federal agencies to simplify the Basel III regulatory capital standards for community banks. The Federal Reserve Board, Offi...
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U.S. Rep. Andy Barr (R-KY) and House Ways and Means Committee Chairman Kevin Brady (R-TX) met last week with employees at UPS Worldport in Louisville, Kentucky, and state business leaders to discuss t...
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New residential sales statistics for July 2017 released by the Department of Housing and Urban Development (HUD) and U.S. Census Bureau revealed residential sales were down from June. The report r...
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Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported net income of $48.3 billion in the second quarter of 2017, up $4.7 billion (10.7 percent)...
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The Financial Industry Regulatory Authority (FINRA) announced the election of several new members to its Board of Governors this week. Stephen Cutler, executive vice president and vice chairman at ...
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Federal banking regulators are developing a proposal that would simplify the capital rules to reduce regulatory burden, particularly for community banks. Following a recent review of regulations un...
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