A measure to rollback escrow regulations on community banks advanced the House this week. The Community Institution Mortgage Relief Act (H.R. 3971), sponsored by U.S. Rep. Claudia Tenney (R-NY), is...
Read More
The House advanced a bill this week that requires federal banking agencies to provide banks or credit unions written justification of any request to terminate or restrict a customer’s account, excep...
Read More
The Federal Reserve Board is seeking public comment on proposed changes to procedures related to the provision of intraday credit to U.S. branches of foreign banks. The changes are designed to refi...
Read More
Rep. French Hill (R-AR) introduced a bill that would prevent the U.S. Treasury Department from selling its Government-Sponsored Enterprise (GSE) preferred shares. Further, the bill, called the GSE ...
Read More
The U.S. Government Accountability Office (GAO) recently made recommendations about the Federal Housing Administration's (FHA) stress testing and capital requirements for the Mutual Mortgage Insurance...
Read More
A group of 54 Republican legislators recently forwarded correspondence to the party’s leadership urging support for repeal of the death tax in the tax reform bill. Officials said the legislators ...
Read More
The Federal Housing Administration (FHA) announced last week its new schedule of 2018 loan limits, with most areas in the country expected to experience an increase in the coming year. The FHA is r...
Read More
The American Council of Life Insurers (ACLI) recently voiced support for a bill the organization said is designed to avoid duplication in regulating the insurance industry. ACLI officials maintain ...
Read More
Thirty members of Congress are urging House and Senate leaders to maintain the income exclusion for graduation tuition waivers in the final tax reform bill. The waivers shield many graduate studen...
Read More
Kenneth Montgomery was tapped as the new payments security strategy leader for the Federal Reserve System last week. Montgomery is charged with leading the Federal Reserve's effort to advance the s...
Read More
Consumer credit rose 6.5 percent in October, the fastest year-over-year growth pace seen since last November, according to the Federal Reserve. The growth was led by revolving credit, which rose 9....
Read More
Officials from the Financial Services Roundtable (FSR) called on Congress to pass insurance legislation that reduces regulatory overlap and maintains the competitiveness of the United States in global...
Read More
The federal banking agencies in the United States said last week that they support efforts to reform Basel III international bank capital standards. The reforms were finalized last week by the Bas...
Read More
The House Subcommittee on Oversight and Investigations met last week to discuss the relevance of the Office of Financial Research (OFR). The subcommittee heard testimony from OFR Director Richard B...
Read More
The U.S. House passed a bill last week to simplify regulations for small business owners who want to sell or merge their companies. The Small Business Mergers, Acquisitions, Sales and Brokerage Sim...
Read More
Sens. Ron Wyden (D-OR) and Lisa Murkowski (R-AK) recently introduced a bill designed to spur the growth of small businesses and local economies. The senators said the Credit Union Residential Loan...
Read More
The U.S. Government Accountability Office (GAO) said a 2013 rule on indirect auto lending by the Consumer Financial Protection Bureau (CFPB) should not be valid since it was not submitted to Congress ...
Read More
The ongoing debate on how to improve the housing finance system continued this week at a hearing by the House Housing and Insurance Subcommittee. Commentary focused on the need for reforms that are...
Read More
A bill to make the Social Security Administration’s (SSA) representative payee program stronger was introduced by Reps. Sam Johnson (R-TX) and John Larson (D-CT). The Strengthening Protections fo...
Read More
The Insured Retirement Institute (IRI) recently released a statement on the Economic Growth, Regulatory Relief, & Consumer Protection Act advanced by the Senate Committee on Banking, Housing, and Urba...
Read More