TBA is urging all bankers to sign ABA's petition for regulatory relief for America’s hometown banks. With just days remaining before a government spending bill is due, signing the petition will raise pressure on members of Congress to act.
The Federal Housing Administration said yesterday that the capital ratio for its mortgage insurance fund has reached 2.07 percent -- the first time since 2008 that the fund has reached the congressionally mandated 2 percent level.
The Financial Accounting Standards Board on Wednesday gave final approval to an accounting standard that is limited in its requirement for mark to market accounting. The final standard, "classification and measurement," becomes effective in 2018.
The House yesterday voted 371-54 to approve a long-term highway funding bill. The House overwhelmingly approved measures that would remove controversial funding methods from the bill.