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New ABA Survey Finds Majority of Americans Prefer to Apply for Mortgages In Person (6/21/2017) 
The majority of American consumers across all age groups -- 60 percent -- say they still prefer to apply in person for a mortgage loan rather than online, according to a new study released today by ABA.
ABA, Financial Trade Groups Meet with Trump Team on Tax Reform (6/20/2017) 
As the Trump administration works to advance its tax reform initiative, ABA yesterday took part in a meeting with representatives from the National Economic Council, Treasury Department and other financial industry groups to provide feedback.
Yellen Signals Greater Transparency in Stress Tests (6/20/2017) 
In a letter to Rep. Blaine Luetkemeyer (R-Mo.) last week, Federal Reserve Chair Janet Yellen said that the Fed will provide banks with more details on the stress testing process in response to calls from lawmakers and others -- including ABA -- for g
Trump Names Banking Lawyer to Lead FDIC (6/19/2017) 
President Trump on Friday said he would nominate James Clinger to serve as FDIC chairman. According to the White House, Clinger will be nominated first to fill the long-vacant director position on the FDIC board and then nominated to serve a five-yea
CFPB Proposes Further Changes to Prepaid Rule (6/16/2017) 
The Consumer Financial Protection Bureau yesterday proposed several changes to its final rule on prepaid products, whose implementation has been delayed until April 1, 2018.
ABA: Regulations Should Be Tailored Based on Risk, Business Model (6/16/2017) 
Regulations based on asset size are “inappropriate and needlessly burdensome” for many banks with non-complex business models, and ultimately lead to higher costs and fewer choices for consumers, ABA said in written testimony submitted for a Senate B
Supreme Court: Banks That Buy and Hold Debt Are Not ‘Debt Collectors’ under FDCPA (6/13/2017) 
A bank that collects on debts it has bought and holds “for its own account” is not a debt collector under the Fair Debt Collection Practices Act, the Supreme Court ruled yesterday in a unanimous decision.
Treasury Department Issues Sweeping Regulatory Reform Recommendations (6/13/2017) 
The Treasury Department yesterday issued a 150-page report making dozens of recommendations for how Congress and regulatory agencies can streamline bank regulation in a way that promotes economic growth.
Fed’s Powell Signals More ‘Transparency’ in Stress Tests (6/2/2017) 
The Federal Reserve will work in the coming months to provide greater transparency into the stress testing process, Governor Jerome Powell said in an interview on CNBC.
ABA Banking Journal Profiles First Horizon CEO Bryan Jordan (5/31/2017) 
In a preview from the next issue of the ABA Banking Journal, a new article features Bryan Jordan, chairman and CEO of First Horizon National Corporation and chairman of ABA's American Bankers Council representing midsize banks.
ABA Posts FAQs on Successor-in-Interest Servicing Issues (5/31/2017) 
To help bankers as they prepare to comply with the operationally complex “successor-in-interest” provisions of the Consumer Financial Protection Bureau’s servicing rule, ABA yesterday released several frequently asked questions addressed by CFPB offi
Proposed HMDA Changes Warrant Further Discussion (5/26/2017) 
In a comment letter yesterday, ABA provided feedback on the Consumer Financial Protection Bureau’s proposed technical changes to the data lenders are required to collect and report under the final Home Mortgage Disclosure Act Rule (Regulation C).
ABA and Washington Federal Seek Summary Judgment in Fed Dividend Cas (5/26/2017) 
ABA and Washington Federal on Wednesday filed a motion for summary judgment in their class action lawsuit seeking over $1.1 billion in damages resulting from the United States’ improper reduction in dividends paid to Federal Reserve member banks.
ABA Submits Recommendations for Housing Finance Reform (5/24/2017) 
As part of the banking industry’s continuing response to President Trump’s executive order outlining “core principles” for financial regulation, ABA submitted two white papers to the Treasury Department yesterday with recommendations for reforming cu
ABA Resources Available as Fiduciary Rule Effective Date Looms (5/24/2017) 
With the Department of Labor’s decision not to extend the effective date of its fiduciary rule, bankers must prepare to comply by June 9
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