Advocacy News

E-News 11-1-24 FEDERAL GOVERNMENT RELATIONS FHFA ‘simplifies’ process for Federal Home Loan Bank funding for rental projects  The Federal Housing Finance Agency issued an advisory bulletin that it said would simplify the process of applying for funding for rental projects through the Federal Home Loan Banks’ affordable housing programs.  Read more FHFA updates Fannie Mae, Freddie Mac policies on appraisals, loan repurchase alternatives The Federal Housing Finance Agency announced updates to several Fannie Mae and Freddie Mac policies that the agency said are intended to promote...
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E-News 10-25-24 FEDERAL GOVERNMENT RELATIONS Basel committee head urges adoption of new standards Erik Thedéen, the new chair of the Basel Committee on Banking Supervision, is calling for the swift implementation of the latest Basel III standards. Speaking at the Institute of International Finance, Thedéen said the standards are important for global financial stability, warning against short-term policymaking that could weaken regulatory oversight. The U.S. has so far stalled its implementation, causing other regions to reconsider their commitments. Read more from American Banker CFPB issues...
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E-News 10-18-24 FEDERAL GOVERNMENT RELATIONS FDIC extends signage rule compliance date by four months The Federal Deposit Insurance Corp. board voted to extend the compliance deadline by four months for its final rule on the use of the agency’s name and logo by financial institutions. The new deadline is May 1, 2025.  Read more Read the news release Bowman: Credit unions, nonbanks should be subject to same regulatory expectations as banks Credit unions and other nonbanks should be subject to the same regulatory and supervisory expectations as banks if they are engaged in the same...
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E-News 10-11-24 FEDERAL GOVERNMENT RELATIONS Banks advised to bolster precautions as APP fraud climbs Instances of authorized push payment fraud in the U.S. are rising, with losses expected to reach $6.8 billion globally by 2027, according to a report from ACI Worldwide. Banks face the possibility that U.S. regulators may make them liable for reimbursements, and experts say financial institutions need to increase anti-fraud precautions through measures such as upgrading detection systems and raising customer awareness of the problem.  Read more from American Banker Fed vice chair pushes...
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