The Independent Community Bankers of America (ICBA) has released a report outlining the group’s principles and recommendations for reforming the nation’s tax code. Officials said the white pap...
Read More
The National Association of Wheat Growers (NAWG) has recommended ways to improve the North American Free Trade Agreement as negotiations between the United States, Mexico, and Canada get underway in t...
Read More
The Office of the Comptroller of the Currency (OCC) provided guidance to spur community revitalization through higher-loan-to-value mortgage lending in targeted areas. Depressed housing values in c...
Read More
The U.S. Commodity Futures Trading Commission (CFTC) recently appointed Bruce Tuckman as its chief economist and named former chief economist Sayee Srinivasan as special advisor in the CFTC’s chairm...
Read More
Bank of America Merrill Lynch has launched an artificial intelligence (AI) initiative designed to help consumers improve straight-through reconciliation (STR). The effort stems from a desire to imp...
Read More
A new report by the Public Company Accounting Oversight Board (PCAOB) of auditors of broker-dealers shows an increased level of audit deficiencies occurred in 2016. PCAOB inspectors found deficienc...
Read More
The number of student loan borrowers over the age of 60 is on the rise across the United States, according to new research released by the Consumer Financial Protection Bureau (CFPB). The data show...
Read More
A 2013 initiative instituted by the Department of Justice (DOJ) to investigate banks who do business with firearm dealers, payday lenders, and other companies believed to be at higher risk for fraud ...
Read More
A group of Illinois lawmakers recently introduced a measure to immediately repeal the one-cent-per-ounce Cook County Sweetened Beverage Tax. State Reps. Christine Winger (R-Bloomingdale), Michael ...
Read More
The Conference of State Bank Supervisors’ (CSBS) announced last week that its annual case study competition will focus on how community banks are approaching financial innovation. The CSBS Commun...
Read More
The Federal Housing Finance Agency (FHFA) has modified the streamlined mortgage refinance program for borrowers with high loan-to-value (LTV) ratios, the agency announced last week. The High LTV St...
Read More
A U.S. Customs and Border Protection(CBP) investigation found evasion of its antidumping rules related to the shipping of wire hangers from China to the U.S, resulting in a loss of millions in antidum...
Read More
Freddie Mac officials have revealed an initiative designed to help homebuyers realize savings and reduce closing times. The automated collateral evaluation (ACE) assesses the need for a traditional...
Read More
A new credit union service organization (CUSO) called CULedger LLC has formed to provide credit unions with shared ledger technology. CULedger is a credit union industry initiative that uses block...
Read More
Consumers say they prefer to use mobile or digital applications when making payments over cash, according to the U.S. Bank Cash Behavior Survey. About 47 percent of consumers prefer the use of digi...
Read More
The National Credit Union Administration (NCUA) is seeking input from credit union stakeholders on a regulatory reform package developed by an internal agency task force. The task force has recomme...
Read More
A Consumer Finance Protection Bureau (CFPB) report maintains student loan borrowers continue to struggle while not taking advantage of affordable repayment plans. The report revealed for borrowers ...
Read More
China continues to transition to a more sustainable growth path as it pushes forward with necessary financial reforms, concluded the executive board of the International Monetary Fund (IMF) following ...
Read More
As federal tax reform looms, many state and local governments want to make sure any reform proposal maintains the tax exemption for municipal bonds, the National Association of State Auditors, Comptro...
Read More
Brian Quintenz was sworn in this week as commissioner of the U.S. Commodity Futures Trading Commission (CFTC), the federal agency that oversees the commodity futures, options and swaps industry. ...
Read More