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Input on FHLBank system mission review due Monday
Monday is the deadline for community bankers and others to submit comments on the Federal Housing Finance Agency’s request for input on the mission of the Federal Home Loan Bank System.
CFPB proposes mortgage servicing rule
The Consumer Financial Protection Bureau issued a proposed rule to amend mortgage servicing rules under Regulation X.
CFPB says it will consider eliminating credit card late fee safe harbor
The Consumer Financial Protection Bureau said it plans to assess whether to eliminate the credit card late fee safe harbor under Regulation Z.
Fed researchers: Banks that share name with failed institutions experience loss of business
Federal Reserve researchers said banks that share their name with a failed bank experience a half-percent drop in transaction deposits relative to banks with similar characteristics but different...
FHFA releases VantageScore 4.0 credit scores
The Federal Housing Finance Agency announced that Fannie Mae and Freddie Mac are making historical VantageScore 4.0 credit scores available to approved users to support the transition to updated...
Megabank group urges IG to investigate community bank assessment exemption
The Bank Policy Institute called on the FDIC Office of the Inspector General to investigate the FDIC’s recent special assessment, which exempted the vast majority of community banks.
Comptroller lauds ICBA’s check fraud efforts
Acting Comptroller of the Currency Michael Hsu highlighted the formation of ICBA’s Check Fraud Task Force as an important step in addressing financial fraud.
Fed’s Powell: Regulators should issue new Basel III Endgame proposal
Federal Reserve Chairman Jerome Powell told Congress that regulators should issue a revised Basel III Endgame proposal.