In response to a Request for Information issued in February, the Consumer Bankers Association (CBA) submitted comments to the Consumer Financial Protection Bureau (CFPB) on the matter of external enga...
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Claudius B. Modesti is stepping down from his post as the Public Company Accounting Oversight Board’s (PCAOB) director of the Division of Enforcement and Investigations, the board announced Tuesday....
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National Venture Capital Association (NVCA) officials are opposed to rescission of the International Entrepreneur Rule (IER), which would allow immigrant entrepreneurs to remain in the country to buil...
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The Credit Union National Association (CUNA) sent a letter to the Senate Banking Committee last week to express support for an efficient and fair secondary mortgage market. “Credit unions that el...
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A report released last week by the National Association of Federally-Insured Credit Unions (NAFCU) revealed existing-home sales decreased 2.5 percent in April following two months of gains - with the ...
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The House Housing and Insurance Subcommittee held a hearing this week to examine the future of auto insurance in the era of the autonomous or self-driving vehicle. The relationship between insuran...
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The American Council of Life Insurers (ACLI) is urging passage of legislation designed to address financial services regulatory reform. ACLI officials said the Senior Safe Act and the International...
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The House Financial Services Committee approved three bills this week, including one that seeks to modernize the Committee on Foreign Investment in the United States (CFIUS). The committee advanced...
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The Independent Community Bankers of America (ICBA) is joining the nation’s community bankers in touting passage of a bill designed to boost consumer credit and business lending. Congress recentl...
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President Donald Trump signed into law a Congressional resolution disapproving a rule issued by the Bureau of Consumer Financial Protection in 2013 that sought to keep dealers from indiscriminately ma...
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The Mortgage Industry Standards Maintenance Organization (MISMO) announced plans this week to update commercial appraisal data standards. MISMO officials said they are working to collaborate with o...
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Mortgage regulations are having a negative impact on business production and consumer credit availability, according to the American Bankers Association’s Real Estate Lending Survey. The survey f...
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The Investment Company Institute (ICI) endorsed a proposal by the Securities and Exchange Commission (SEC) to amend mutual fund disclosure rules. The disclosure rules about liquidity information. W...
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Citing confusion, difficulty of use and frequently unacceptable assessments, the Department of Housing and Urban Development (HUD) has eliminated a fair housing assessment tool initially intended to b...
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The Commodity Futures Trading Commission (CFTC) approved a rule to amend the margin requirements for uncleared swaps for swap dealers and major swap participants. The proposed rule would ensure th...
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The House Committee on Appropriations for Commerce, Justice, Science, and Related Agencies (CJS) approved by voice vote last week a measure renewing protections for state medical cannabis programs whe...
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The House Terrorism and Illicit Finance Subcommittee held a hearing this week to discuss the implementation and enforcement of the Financial Crimes Enforcement Network’s (FinCEN) new rule to improve...
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The Securities and Exchange Commission’s (SEC) Division of Enforcement (Division) took center stage during a recent House hearing examining its mission, operation, and current initiatives. The Su...
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The Independent Community Bankers of America (ICBA) is encouraging swift confirmation of Michelle “Miki” Bowman for the Federal Reserve Board. The organization forwarded correspondence to the S...
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U.S. insurers saw the industry’s surplus reach an all-time high of $752.5 billion in 2017, according to the Property Casualty Insurers Association of America, which marks a $51.7 billion increase fr...
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