The Federal Housing Finance Agency (FHFA) recently announced that it has initiated altered loan modification terms for COVID-19 impacted borrowers with Fannie Mae or Freddie Mac supported mortgages. ...
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The American Property Casualty Insurance Association (APCIA) issued last week Cyber Extortion/Ransomware Guiding Principles to aid industry stakeholders in navigating the circumstance. The Board of...
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The Investment Company Institute (ICI) has come out in support of legislation introduced in the U.S. House of Representatives that would amend the rules for closed-end funds. The Increasing Invest...
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The Independent Community Bankers of America (ICBA) has endorsed a bill introduced in Congress that seeks to expand credit opportunities for farmers and others in rural America. The Enhancing Cr...
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Federal Reserve officials are touting the benefits of the soon-to-be-released Scaled CECL Allowance for Losses Estimator (SCALE). The spreadsheet-based tool would help community banks implement the...
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U.S. Rep. Carolyn Maloney (D-NY) reintroduced this week legislation designed to crack down on predatory overdraft fees. Maloneyʻs bill, the Overdraft Protection Act of 2021, would establish fair a...
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U.S. Reps. Alex X. Mooney (R-WV) and Blaine Luetkemeyer (R-MO) introduced Wednesday legislation requiring financial regulators to provide an annual review that ensures that non-binding guidance does n...
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The Financial Industry Regulatory Authority (FINRA) launched this week a $30 million initiative designed to help aid new investors as they navigate the financial markets. “Greater retail investor...
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U.S. Rep. Trey Hollingsworth (R-IN) introduced Tuesday a bill to encourage more investment from venture capital firms in startups and small businesses. The Developing and Encouraging our Aspiring L...
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The U.S. Securities and Exchange Commission (SEC) announced Tuesday that Gurbir S. Grewal has been appointed Director of the Division of Enforcement. Grewal currently serves as New Jersey Attorney...
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The Federal Housing Finance Agency (FHFA) issued guidance this week regarding the actions of Fannie Mae and Freddie Mac servicers relating to the end of COVID-19 foreclosure and REO eviction moratoriu...
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