The most recent weekly survey conducted by the Mortgage Bankers Association (MBA) shows a decline of 9.4 percent in mortgage applications for the week ending November 25. The MBA’s Weekly Mortgag...
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In the wake of deadly tornadoes through Alabama, Tennessee and Mississippi, the Property Casualty Insurers Association of America (PCI) recently recommended those affected to contact their insurers an...
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The National Credit Union Administration (NCUA) recently produced videos on its YouTube channel. Titled “Understanding Financial Statements,” the videos help make reading financial statements easi...
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Following the release of the 2016 National Association of Federal Credit Unions (NAFCU) Report on Credit Unions, the NAFCU board met with Federal Reserve Board Gov. Lael Brainard on this week to disc...
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For those banks and savings institutions ensured by the Federal Deposit Insurance Corporation (FDIC), it has been a positive third quarter, as the corporation’s Quarterly Banking Profile released No...
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The Richard "Rick" Ketchum prize program was recently introduced by the Financial Industry Regulatory Authority (FINRA) Investor Education Foundation. Ketchum is an admired and well-known individu...
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The Federal Reserve Board and the Consumer Financial Protection Bureau (CFPB) on November 23 issued a final ruling on the method used to adjust thresholds for exempting certain consumer and lease tran...
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A plan covering 10 states will see $30 billion invested into select communities thanks to an agreement signed between Fifth Third Bancorp and the National Community Reinvestment Coalition (NCRC) this ...
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The Securities and Exchange Commission announced Wesley R. Bricker will succeed James Shnurr as Chief Accountant. Since 2015, Mr. Bricker served as Deputy Chief Accountant for the accounting group ...
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U.S. Rep. Carolyn Maloney (D-NY), ranking member of the Joint Economic Committee (JEC) released a report on state economies that reflected private sector employment gains and an increase in average ho...
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The National Association of Professional Insurance Agents (PIA) is calling on legislators to fully repeal the Federal Insurance Office (FIO). The PIA is pointing to the opportunity presented by the...
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The Federal Housing Finance Agency (FHFA) announces multifamily lending caps for Fannie Mae and Freddie Mac will remain capped at $36.5 billion in 2017, the same amount as 2016. Lending caps are de...
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A new Certified Cyber Security Examiner (CCSE) designation certificate will be created by the Conference of State Bank Supervisors (CSBS) in response to the ongoing cybersecurity threat regulators fac...
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The Securities and Exchange Commission (SEC) announced Matthew C. Solomon, Chief Litigation Counsel for the SEC’s Enforcement Division, will be leaving the agency in December. Since 2013, Mr. Sol...
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With the pending retirement of its current president, the National Futures Association (NFA) announced on Nov. 18 that long-time member Thomas Sexton would take the helm in March 2017. The turn to ...
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SunTrust Banks, Inc. has recently been awarded an $80 million tax credit allocation authority to help finance community development projects. The U.S. Treasury Department’s Community Development ...
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In an effort to benefit U.S. consumers, the Housing and Insurance Subcommittee held a hearing on Nov. 16 to hash out changes necessary for the appraisal industry. Among the issues brought to the ta...
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In a move applauded by the Consumer Bankers Association (CBA), the Making Online Banking Initiation Legal and Easy (MOBILE) Act of 2016 was introduced to Congress on Nov. 4. MOBILE is the brainchi...
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