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The Ripple Effect of New Data Collection Rules

A recent webinar discussed implementation of Section 1071 of the Dodd-Frank Act, a measure requiring financial institutions to collect and report data on small business loans, and how the industry is prepping for this new rule.

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Home Prices Propped up by Lack of Inventory

“Housing's performance is a testimony to the strength of demographic-related demand in the face of baby boomers aging in place and Gen-Xers locking in historically low rates,” noted Doug Duncan, SVP and Chief Economist for Fannie Mae.

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CFPB: Southern Consumers Facing Higher Interest Rates

The CFPB has issued a pair of reports looking at the state of banking in the Southern United States and found that a lack of local access to banking options can make it harder to get competitive interest rates on mortgages, credit cards, or small business loans.

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