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OCC to cease examinations for reputation risk
The OCC announced that it will no longer examine its regulated institutions for reputation risk and is removing references to reputation risk from its Comptroller’s Handbook booklets and guides.
ICBA: FHFA credit score modernization effort missing key elements
The Federal Housing Finance Agency's Credit Score Models and Reports Initiative is overly complex, costly to consumers, and missing key requirements for a successful transition, ICBA and other...
ICBA, groups express support for CDFI Fund in letter to Congress
ICBA and other groups expressed strong support for the Community Development Financial Institutions Fund in a letter to the bipartisan Senate Community Development Finance Caucus.
Fed maintains rates
The Federal Open Market Committee voted to maintain target interest rates at a range of 4.25% to 4.5%.