The Federal Housing Finance Agency will add a preferred language question to the redesigned Uniform Residential Loan Application (URLA) to assist non-English speakers. Borrowers who prefer to commu...
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In response to comments made in a recent interview by BB&T Bank CEO Kelly King who said there are too many banks in the United States, the Independent Community Bankers of America (ICBA) fired back wi...
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The Consumer Bankers Association (CBA) said the proposed rulemaking to amend the Community Reinvestment Act (CRA) is confusing and will not adequately serve the purpose of the act. The proposal wo...
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The Mortgage Bankers Association (MBA) recently installed new officers during the organization’s annual convention in Denver, Colorado. Officials said Dave Motley will serve as chairman while ...
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The National Association of Federally Insured Credit Unions (NAFCU) and the Independent Community Bankers of America (ICBA) are urging the Federal Housing Finance Agency (FHFA) to allow government-spo...
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Multifamily lending was up 8 percent year over year in 2016, with lenders providing $269.2 billion in new mortgages for apartment buildings with five or more units, according to a new report from the ...
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A bipartisan group of lawmakers is sponsoring legislation that would incentivize employers to invest in their employees and close the skill gap that exists between employers’ needs and employees in ...
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Small Business & Entrepreneurship (SBE) Council officials were encouraged last week by Senate passage of the Fiscal Year 2018 Budget Resolution. The nation’s leading advocate for entrepreneurs sa...
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The Consumer Financial Protection Bureau (CFPB) has come out with a list of principles for protecting consumers when they authorize third-party companies to access their financial data. Many compan...
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The Financial Industry Regulatory Authority (FINRA) is currently seeking comment on two proposals related to its arbitration program. One of the proposals is to expand the options available to inve...
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The Conference of State Bank Supervisors (CSBS) announced that 33 financial technology (fintech) companies will serve on the CSBS Fintech Industry Advisory Panel. The panel brings together state re...
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The Securities and Exchange Commission (SEC) recently named Brett Redfearn as director of the Division of Trading and Markets. The division, which establishes and maintains standards for fair, orde...
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Fourth Corner Credit Union asked a federal judge to have the Federal Reserve Bank of Kansas City issue it a master account so it could serve marijuana advocates and groups that support its legalizatio...
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The Federal Housing Finance Agency’s (FHFA) annual report on the single-family guarantee fees charged by Fannie Mae and Freddie Mac shows that those fees dropped in 2016. For all loan products co...
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Senate legislation seeking to exempt small banks from Basel III and Sarbanes-Oxley regulations was introduced Wednesday by Sen. Mike Rounds (R-SD). The Community Bank Access to Capital Act of 2017 ...
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The American Bankers Association (ABA) elected this week Kenneth L. Burgess, Jr. chairman for the 2017-2018 association year. Burgess, who also serves as the chairman of FirstCapital Bank of Texas,...
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A recently released global professional firm report is forecasting continued growth in direct homeowners' insurance premiums for 2017 despite a decreasing return on equity (ROE) for insurers. The A...
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The National Credit Union Administration (NCUA) plans to implement a new Automated Cybersecurity Examination Tool (ACET) to determine the effectiveness of credit union cybersecurity programs. The ...
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A case considering the legality of American Express (Amex) rules that prevent retailers from offering consumers benefits for using credit cards with lower fees, is being heard by the U.S. Supreme Cour...
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Complaints by student loan borrowers have driven actions that have produced more than $750 million in relief for student loan borrowers, according to a new report from the Consumer Financial Protectio...
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