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TBA News & Headlines

Study: Community Banks Persist in Mortgage Servicing

Community financial institutions have expanded their share of the mortgage servicing market since 2008, according to a study released yesterday by the Government Accountability Office.

Fed Aligns Policies to NACHA Same-Day ACH Rule

The Federal Reserve Board yesterday announced updates to its Policy on Payment System Risk that will align its procedures for measuring institutions' intraday account balances with NACHA’s same-day ACH rule.

Senators Urge Tailored Regulations for Community, Regional Banks

A bipartisan group of 70 senators wrote to the Consumer Financial Protection Bureau on Monday, calling on the agency to exempt community banks and credit unions from certain regulations.

Agencies Issue Final Updates to CRA Q&As

The federal banking agencies issued revised questions and answers on Friday on Community Reinvestment Act compliance. In their final guidance, the agencies clarified nine of the 10 proposed Q&As.