Federal Reserve Board issues Advance Notice of Proposed Rulemaking on an approach to modernize regulations that implement the Community Reinvestment Act
Federal Reserve Board updates frequently asked questions to clarify the Board and Department of Treasury’s expectations regarding lender underwriting for the Main Street Lending Program
Federal Reserve Board releases hypothetical scenarios for second round of bank stress tests
FINRA encourages comments on this paper, including areas where guidance or modifications to FINRA rules may be desired to support adoption of AI applications while maintaining investor protection and market integrity. Comments are requested by August 31, 2020. Member firms and other interested parties can submit their comments using the following methods:
The title insurance industry generated $4.18 billion in title insurance premiums during the second quarter of 2020, according to an analysis by the American Land Title Association.
During the second quarter, the share of homes purchased by iBuyers was the smallest since the first quarter of 2017. Read on to learn more.
An enterprise-ready Blockchain-secured platform for real estate and title recordkeeping has launched a Blockchain marketplace with a fully interactive Figma demo.
A recent review by the Department of Housing and Urban Development (HUD), Office of Inspector General (OIG) of the largest Section 184 Indian Home Loan Guarantee lender found that the lender did not always follow program requirements. HUD OIG made three recommendations in light of the findings of the investigation. Read on for more details … Read more
The Independent Community Bankers of America (ICBA) called on the Federal Reserve to step up the regulator’s work on its FedNow payments system. The Federal Reserve is targeting a launch of its real-time payments system in 2023 or 2024, but ICBA wants the program to go live as soon as possible. Read on for more … Read more
A recent report by the Government Accountability Office (GAO) found weaknesses in the examination process of the Federal Deposit Insurance Corp. (FDIC) which could expose the regulator to the risk of regulatory capture. GAO offered four recommendations to the FDIC in its report, saying management could better address threats to capture by improving adherence to … Read more