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CFPB extends GSE 'patch'

CFPB extends GSE 'patch' The Consumer Financial Protection Bureau extended the government-sponsored enterprise "patch," which exempts Fannie Mae and Freddie Mac mortgage loans from parts of the...

Oct 21, 2020
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Article
Consumer Financial Protection Bureau (CFPB) Compliance

ICBA-Advocated FDIC Rule Ensures Community Banks Not Inadvertently Punished for PPP Leadership

ICBA-Advocated FDIC Rule Ensures Community Banks Not Inadvertently Punished for PPP Leadership Independent Community Bankers of America President and CEO Rebeca Romero Rainey issued a statement on...

Oct 20, 2020
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Article

FHFA again extends forbearance purchases

FHFA again extends forbearance purchases The Federal Housing Finance Agency said Fannie Mae and Freddie Mac will extend from Oct. 31 to Nov. 30 the deadline on buying qualified loans in forbearance...

Oct 20, 2020
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Article
Federal Housing Finance Agency Housing Finance/GSEs

OCC: Take PPP accounting concerns to FASB

OCC: Take PPP accounting concerns to FASB The OCC encouraged ICBA to take community bank concerns over the PPP's complex accounting arrangement to the Financial Accounting Standards Board. The OCC...

Oct 20, 2020
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Article