March 10, 2025 - The Federal Reserve Board, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency reported in the 2024 Shared National Credit (SNC) report that credit risk associated with...more
February 26, 2025- The U.S. House Committee on Financial Services Subcommittee on Capital Markets held a hearing entitled “The Future of American Capital: Strengthening Public and Private Markets by Increasing Investor...more
January 6, 2025- The Federal Reserve Board announced that Michael S. Barr will step down from his position as Federal Reserve Board Vice Chair for Supervision, effective February 28, 2025, or such earlier time as a...more
November 25, 2024 - The U.S. Department of the Treasury released a new report summarizing data from the State Small Business Credit Initiative (SSBCI) for the first two years of the program, from the first transaction on...more
November 7, 2024 - The Federal Open Markets Committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 4-1/2 to 4-3/4 percent. November 7, 2024- Securities and Exchange...more
November 4, 2024- The Financial Conduct Authority issued a statement welcoming the first industry-led Project Guardian report on tokenisation in the asset management sector, delivered through Project Guardian’s asset and...more
October 8, 2024- Federal Reserve Board Governor Adriana D. Kugler gave a speech entitled “The Global Fight Against Inflation,” at the Conference on Monetary Policy 2024: Bridging Science and Practice, European Central...more
September 30, 2024- Federal Reserve Board Chair Jerome H. Powell gave a speech entitled “Economic Outlook,” at the National Association for Business Economics Annual Meeting in Nashville, Tennessee....more
September 13, 2024 - The General Counsel of the CFPB delivered a speech to the Poverty Law Conference addressing the variety of consumer protection laws that protect impoverished individuals and how innovation and financial...more
September 3, 2024- Acting Comptroller of the Currency Michael J. Hsu discussed the evolution of bank supervision during a presentation at the Joint European Banking Authority and European Central Bank International...more
August 5, 2024- The Federal Reserve Board released the results of the July 2024 Senior Loan Officer Opinion Survey on Banking Practices. August 5, 2024- The Federal Reserve Bank of New York published a The Teller...more
July 2, 2024- The EU–U.S. Joint Financial Regulatory Forum took place on June 25-26, 2024, with participants exchanging views on topics of mutual interest as part of their regular financial regulatory dialogue. The...more
On May 31, Ginnie Mae published its APM 24-09: Updates To Digital Collateral Program Guide to clarify, update, remove and expand policies on digital products, such as notes, closing systems, vaults, applicants and registries....more
What Happened? Following the release of the Financial Stability Oversight Council (FSOC) Report on Nonbank Mortgage Servicing, Ginnie Mae announced in APM 24-08 that certain large nonbank Ginnie Mae Issuers will now be...more
May 1, 2024 - The U.S. House Committee on Financial Services Subcommittee on Financial Institutions and Monetary Policy held a hearing entitled, “Merger Policies of the Federal Banking Agencies.” The Committee heard...more
April 17, 2024- The U.S. Department of the Treasury released Treasury International Capital (TIC) data for February 2024. April 17, 2024- The Federal Reserve Bank of New York published a Liberty Street Economics blog...more
Bipartisan, Bicameral Congressional Review Act resolution addressing Securities and Exchange Commission Staff Accounting Bulletin 121 Introduced- A resolution invoking the Congressional Review Act was introduced to...more
January 4, 2024 The Federal Deposit Insurance Corporation published the FDIC Quarterly report entitled, "Implications of High Inflation for Banking Outcomes and Deposit Flows: Observations From 2021 to 2022 and the 1970s."...more
September 18, 2023- New York State Department of Financial Services (DFS) issued an update on an ongoing initiative to strengthen DFS oversight of virtual currencies. September 18, 2023- The Federal Reserve Bank of New...more
June 1, 2023- The California Department of Financial Protection and Innovation (DFPI) and the Board of Governors of the Federal Reserve System (Federal Reserve) issued a joint consent order to facilitate the implementation...more
U.S. House Financial Services Committee Chairman Patrick McHenry (NC-10) sent a letter to Secretary of the Treasury Janet Yellen regarding Treasury's rumored Executive Order on outbound investment to China....more
The new Ginnie Mae issuer financial requirements, first published on August 17, 2022 in APM 22-09 by joint announcement with the Federal Housing Finance Agency, are scheduled to take effect in two parts beginning September...more
October 24, 2022- Secretary of the Treasury Janet L. Yellen gave remarks at the Securities Industry and Financial Markets Association's Annual Meeting concerning, among other things, regulators' actions to address high...more
Paper: The Rise of Nonbanks and the Quality of Financial Services: Evidence from Consumer Complaints- September 1, 2022- The Federal Reserve Board published a paper entitled, "The Rise of Nonbanks and the Quality of...more
Yesterday, Ginnie Mae clarified in an industry forum that its APM 21-06 seasoning requirements for the VA IRRRL Refinance of a Modified Loan are measured from the contracted first payment due date under a modification...more