A recent ICE Mortgage Technology report has determined the percentage of purchase activity to total closed loans among millenials has risen over the last three months. The firm's Millennial Tracker...
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U.S. Sen. Patty Murray (D-WA) recently led 22 of her colleagues in urging the U.S. Department of Education to expand its student debt relief loan repayment and forgiveness program initiatives. The ...
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Rep. Carolyn B. Maloney (D-NY) has introduced last week legislation designed to aid consumers by establishing equitable practices for overdraft coverage programs. The Overdraft Protection Act of 20...
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According to the Conference of State Bank Supervisors (CSBS) 2021 Community Bank Sentiment Index (CBSI), community bankers continue to reflect a positive economic outlook regarding future financial co...
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The American Institute of CPAs (AICPA) has submitted recommendations to the Internal Revenue Service (IRS) regarding efforts to enhance the administrative adjustment request (AAR) process. The prop...
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The Conference of State Bank Supervisors (CSBS) is encouraging the U.S. Department of Education to rescind policies impeding state regulation of federal student loan servicers and debt collectors. ...
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A recently released National Association of Federally Insured Credit Unions (NAFCU) report determined June vehicle sales decreased from 17 million annualized units to 15.4 million. "Vehicle sales t...
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National Association of Federally Insured Credit Unions (NAFCU) officials said the organization has joined other trade organizations in assessing the Uniform Law Commission's Uniform Personal Data Pro...
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The Credit Union National Association's (CUNA) Small Credit Union Committee has released findings from a report detailing the current status of small credit unions. The CUNA Small Credit Union Comm...
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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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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. 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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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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The American Property Casualty Insurance Association (APCIA) is encouraging Florida Gov. Ron DeSantis to veto a measure repealing the state's personal injury protection “no-fault” auto insurance s...
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The Consumer Financial Protection Bureau (CFPB) said the recent finalization of federal mortgage servicing regulations amendments would address potential foreclosure surges while aiding the nation's e...
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The Financial Industry Regulatory Authority (FINRA) has issued investment trust restitution payment orders against Merrill Lynch, Pierce, Fenner & Smith, Inc. regarding Unit Investment Trusts (UITs) r...
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Officials are crediting the efforts of U.S. Rep. Tom Emmer (R-MN) in aiding the Financial Accounting Standards Board (FASB) in opening an Invitation to Comment (ITC) regarding accounting standards for...
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