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News Archive for Mar 2024



FHFA Announces Changes to Credit Score Modernization Effort

Posted on: 3/6/2024
The Federal Housing Finance Agency has announced that in response to public input, it is making changes ...
 

NDBA Joins Letter Urging Congress to hold Hearing to Examine Credit Union Tax-Exempt Status

Posted on: 3/6/2024
In a letter to the leaders of the U.S. House Ways and Means Committee and U.S. Senate Finance Committee, ...
 

CFPB to Curtail Credit Card Late Fee Safe Harbor

Posted on: 3/6/2024
The CFPB yesterday released a final rule sharply reducing allowable late fees on credit card payments. ...
 

ABA, U.S. Chamber Sue CFPB Over Regulation Restricting Credit Card Late Fees

Posted on: 3/13/2024
ABA joined the U.S. Chamber of Commerce and four business groups in filing a lawsuit in federal court ...
 

IRS Holds Off on IVES Updates, Seeks Industry Input

Posted on: 3/13/2024
The IRS last week said it would postpone policy updates to the Income Verification Express Services ...
 

FHFA Launches Test Program Aimed at Reducing Closing Costs

Posted on: 3/13/2024
As part of an effort to reduce closing costs for homeowners, Federal Housing Finance Agency Director ...
 

Agencies Extend Applicability Date of Certain CRA Rule Provisions

Posted on: 3/27/2024
The Federal Reserve, FDIC and OCC have jointly issued an interim final rule that extends the applicability ...
 

FDIC Proposes to Expand Criteria for Bank Merger Evaluations

Posted on: 3/27/2024
The FDIC board has voted 3-2 to pursue potential changes to how the agency will evaluate bank merger ...
 

Farm Bank Lending Increased to $110 Billion in 2023

Posted on: 3/27/2024
Amid elevated production costs, commodity price volatility and a return to pre-pandemic levels of direct ...
 

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