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.
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.
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.
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.