New home sales rose 17.5 percent in November compared to the previous month, making it the largest monthly increase since July 2007. Additionally, new home sales in November was 26.6 percent higher...
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In its biennial look at the credit card market, the Consumer Financial Protection Bureau (CFPB) reported that credit line, number of accounts, average card debt, and enrollment in online services have...
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Trading revenue of U.S. commercial banks and savings associations dropped in the third quarter, according to the Office of the Comptroller of the Currency (OCC). Trading revenue stood at $6.4 billi...
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Credit Union National Association (CUNA) applauded the Consumer Financial Protection Bureau (CFPB) revisiting certain aspects of data reporting requirements for the Home Mortgage Disclosure Act (HMDA)...
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The Securities and Exchange Commission (SEC) has issued accounting guidance in the wake of the newly-approved Tax Cuts and Jobs Act. Officials said publication of staff guidance for publicly traded...
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The National Association of Insurance Commissioners (NAIC) amended its Life and Health Guaranty Association Model Act at an executive session meeting last week. The act is designed to protect insur...
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The Federal Housing Finance Agency (FHFA) is seeking feedback from stakeholder on alternative credit scoring models at government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. The altern...
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A group of Democrats in the U.S. Senate introduced a bill last week that would allow state attorneys general and other state law enforcers to issue subpoenas during investigations to ensure compliance...
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The Telecommunications Industry Association (TIA) is praising lawmakers’ passage of the House Tax Cuts and Jobs Act, maintaining the measure would advance broadband infrastructure, connectivity, and...
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The Federal Housing Finance Agency (FHFA), which oversees Fannie Mae and Freddie Mac, and the Treasury Department agreed to reinstate a $3 billion capital reserve for the government-sponsored entities...
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The Consumer Financial Protection Bureau (CFPB) said it will not require data resubmission for errors in data collected under the Home Mortgage Disclosure Act (HMDA) unless those errors are substantia...
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The aggregate loan commitment threshold for inclusion in the Shared National Credit (SNC) program will increase from $20 million to $100 million starting Jan. 1, 2018, said the federal banking agencie...
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The New Jersey Bankers Association (NJBankers) has endorsed ICBA Securities Inc., which provides fixed-income investment products and services to community banks. “We are thrilled for the opportu...
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Kevin Fromer was hired as president and CEO of the Financial Services Forum, an organization made up of CEOs of the largest financial services firms in the United States. “Our members serve our...
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Sales of existing homes surged 5.6 percent in November compared to the previous month, according to the National Association of Realtors, the fastest pace since December 2006. Strong gains were se...
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The U.S. House of Representatives advanced Wednesday a bill designed to increase transparency in the shareholder proxy voting system. The Corporate Governance Reform and Transparency Act of 2017 (H...
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The Department of Housing and Urban Development (HUD) is offering homeowners a resource designed to help avoid foreclosure. Officials said the agency’s Homeowners Guide to Success serves as part ...
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The Nasdaq Stock Exchange has had 262 new listings so far in 2017, including 133 initial public offerings (IPOs) and a record-setting 33 transfers. Among the most notable IPOs in 2017 are Roku, Re...
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President Donald Trump’s nomination to lead the U.S. Export-Import Bank, Scott Garrett, was rejected by the Senate Banking Committee this week. Two Republicans, Sens. Tim Scott (R-SC) and Mike Ro...
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The U.S. House of Representatives voted this week to pass the Systemic Risk Designation Improvement Act of 201 (H.R. 3312), would change the criteria for determining a systemically important financial...
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