ICBA: ICBA Applauds House Passage of Bill to Restrict Mortgage “Trigger Leads” Following Unanimous Senate Passage
The Independent Community Bankers of America (ICBA) applauded Congress following today’s House passage of the bipartisan Homebuyers Privacy Protection Act (H.R. 2808), which will help protect the financial privacy of mortgage applicants. With today’s vote on H.R. 2808 following the Senate’s unanimous passage of its version of the bill (S. 1467) earlier this month, ICBA…
Federal Reserve: Reputational Risk Removed as Component of Examination Programs in Bank Supervision
The Federal Reserve Board on Monday announced that reputational risk will no longer be a component of examination programs in its supervision of banks. The Board has started the process of reviewing and removing references to reputation and reputational risk from its supervisory materials, including examination manuals, and, where appropriate, replacing those references with more…
FEMA: President Trump Approves Major Disaster Declaration for Tennessee
FEMA announced that federal disaster assistance is available to the state of Tennessee to supplement recovery efforts in the areas affected by severe storms, straight-line winds, tornadoes and flooding from April 2-24, 2025. The President’s action makes federal funding available to affected individuals in Cheatham, Davidson, Dickson, Dyer, Hardeman, McNairy, Montgomery, Obion and Wilson counties. Assistance…
OCC: Mortgage Performance Report for First Quarter 2025 Released
The Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien mortgages in the federal banking system during the first quarter of 2025. The OCC Mortgage Metrics Report, First Quarter 2025 showed that 97.6 percent of mortgages included in the report were current and performing at the end of the quarter, an increase…
CFPB: Financial Civil Penalty Fund Rule Amended
The Consumer Financial Protection Bureau (CFPB) is proposing to amend its 2013 rule implementing the provision of the Consumer Financial Protection Act of 2010 (CFPA) that establishes a Consumer Financial Civil Penalty Fund. Under the CFPA, the Civil Penalty Fund may be used for payments to victims of activities subject to civil penalties; to the…
HUD: Disaster Aid and Financial Flexibility Delivered for Mississippi Residents Impacted by Natural Disasters
U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the availability of federal disaster assistance to the State of Mississippi to supplement recovery efforts in the areas affected severe storms, straight-line winds, tornadoes and flooding from March 14-15, 2025. “HUD serves every American and works alongside communities to help rebuild homes, neighborhoods,…
HUD: Disaster Aid and Financial Flexiblity Delivered to Kentucky Residents Impacted by Natural Disasters
U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the availability of federal disaster assistance to the Commonwealth of Kentucky to supplement recovery efforts in the areas affected by severe storms, straight-line winds and tornadoes from May 16-17, 2025. “HUD serves every American and works alongside communities to help rebuild homes, neighborhoods,…
HUD: Disaster Aid and Financial Flexibility Delivered for Arkansas Residents Impacted by Natural Disasters
U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the availability of federal disaster assistance to the State of Arkansas to supplement recovery efforts in the areas affected by severe storms, tornadoes and flooding from April 2–22, 2025. “HUD serves every American and works alongside communities to help rebuild homes, neighborhoods, and…
HUD: Disaster Aid and Financial Flexibility Delivered for Texas Residents Impacted by Natural Disasters
U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the availability of federal disaster assistance to the State of Texas to supplement recovery efforts in the areas affected by severe storms and flooding from March 26-28, 2025. “HUD serves every American and works alongside communities to help rebuild homes, neighborhoods, and businesses…
HUD: Disaster Aid and Financial Flexiblity Delivered for Missouri Residents Impacted by Natural Disasters
U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the availability of federal disaster assistance to the State of Missouri to supplement recovery efforts in the areas affected by severe storms, straight-line winds, tornadoes and wildfires from March 14-15, 2025. “HUD serves every American and works alongside communities to help rebuild homes,…