Posted on 8/1/2014
Drawing on data from several banks with over $10 billion in assets, the Consumer Financial Protection Bureau said that overdraft and non-sufficient funds fees represent the majority of fees that checking account customers incur.
Posted on 7/31/2014
The committee voted 44-9 to pass H.R. 4042 which would delay the implementation of Basel III’s rules on mortgage servicing assets until a thorough study documents the effects on banks’ retention of servicing rights for mortgages they originate.
Posted on 7/30/2014
The Federal Housing Finance Agency yesterday extended the deadline for comments on the guarantee fees that Fannie Mae and Freddie Mac charge lenders. The deadline is now Sept. 8.
Posted on 7/29/2014
The FDIC yesterday updated several pieces of guidance on banking third-party payment processors.