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News & Headlines

HUD Suspends Cut in FHA Mortgage Insurance Premiums

The Trump administration on Friday suspended a previously announced reduction in mortgage insurance premiums paid by borrowers with new Federal Housing Administration-insured mortgages and refinances.

ABA Supports Consistency, Oversight in Proposed Fintech Charter

ABA yesterday offered its support for the OCC’s proposal to grant special-purpose national bank charters to financial technology firms, as long as existing rules are applied evenly and fairly and with effective oversight.

Reports: Trump May Remove Cordray

A spokesman for President-Elect Donald Trump said on Thursday that Trump has interviewed former Rep. Randy Neugebauer (R-Texas) for the post of Consumer Financial Protection Bureau director.

Fed Pays $92 Billion to Treasury

The Federal Reserve System paid $92 billion out of its annual net income to the U.S. Treasury in 2016, according to figures released yesterday.