Regional banks are being disproportionately impacted by the deterioration in the CRE market and are increasing their credit loss provisions for these loans. Market downturns are being felt mostly through office loans and multifamily commercial...
Read MoreThe Financial Stability Board (FSB) is warning that an increase in shadow banking, or the movement of financial activity outside of the regulated banking system, is making economies more sensitive to financial crises. The FSB...
Read MoreOn June 12, the Federal Reserve voted to keep the federal funds rate in the range of 5.25%-5.5%. The Fed’s post meeting statement acknowledged that while inflation has eased slightly towards the Fed’s 2% goal, it remains...
Read MoreThe National Automobile Dealers Association (NADA) alongside the Texas Automobile Dealers Association (TADA) has filed a federal legal challenge against the FTC’s rule to combat auto retail scams (CARS Rule). The FTC’s rule was finalized...
Read MoreIn a move that is intended to lower borrowing costs for homeowners, Fannie Mae plans to expand the acceptance of attorney-opinion letters as an alternative to title insurance. The Biden Administration has directed Fannie Mae...
Read MoreOn January 9, The SEC’s official X account was compromised, during which the account falsely announced the approval of an ETF tied to Bitcoin pricing. SEC Chair Gary Gensler later stated that this tweet was...
Read MoreThe CFPB is expected to finalize rules on overdraft fees, insufficient funds and credit card late fees later this month. The CFPB’s rule on credit card late fees would cap late fees at $8, down...
Read MoreOn December 13, the Federal Reserve Board voted to keep the federal funds rate in the range of 5.25% and 5.5%, a 22-year high. The Fed’s post meeting statement was adjusted to reflect slowing economic...
Read MoreOn December 6, the CEOs of eight of the largest U.S. banks testified before the Senate Banking Committee. The witnesses included executives from Bank of America, Goldman Sachs, Morgan Stanley, J.P. Morgan, BNY Mellon, Citigroup,...
Read MoreOn November 28, the FHFA announced the 2024 conforming loan limit values for Fannie Mae and Freddie Mac (the GSEs). The limit increased to $766.550 for single unit properties, up 5.5% from the current limit...
Read MoreOn November 28, Director of the Consumer Financial Protection Bureau (CFPB) Rohit Chopra testified in a hearing before the House Financial Services Committee followed by the Senate Banking Committee on November 29. The hearing took...
Read MoreOn November 14, U.S. bank regulators from the Federal Reserve, FDIC, and OCC, testified before the Senate Banking Committee, followed by the House Financial Services Committee on November 15. Republican and Democratic members in both...
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