A study conducted from July to September examined the overall health of the economy, with findings that identified pain points including regulatory fines and compliance obligations.
Read More »OCC Reports Improvement in Q1 Mortgage Performance
Overall mortgage performance was on the upswing in the first quarter of 2023, as the OCC reported banks serviced approximately 12 million first-lien residential mortgage loans with $2.7 trillion in unpaid principal balances—representing 22% of all residential mortgage debt outstanding nationwide.
Read More »OCC: Overall Mortgage Performance Improves in Q3
The latest OCC Mortgage Metrics Report found that 97.2% of mortgages included in the report were current and performing at the end of Q3 2022. Click through to learn how this compares to last year’s metrics.
Read More »The Week Ahead: Increasing Regulatory Oversight on Main Street America
An upcoming Senate Banking Committee hearing will examine the state of Main Street, featuring testimony from top-ranking members of the FDIC, OCC, NCUA, and Federal Reserve.
Read More »Q2 First-Lien Mortgage Performance Improves YoY
Despite rising prices and speculation about looming recession, the Office of the Comptroller of the Currency reports that the performance of first-lien mortgages held by the federal banking system improved throughout the course of Q2 2022.
Read More »House Passes Measure to Increase Financial Equity and Inclusion for All
The House of Representatives passed HR 2543 by a vote of 215-207, legislation drafted to promote equity for underserved communities and increase access to safe and affordable financial services for all Americans.
Read More »The Week Ahead: New CFPB Chief to Deliver Report to Congress
Rohit Chopra will testify before the Senate Committee on Banking and provide an update on the latest actions the Bureau is taking to protect the nation’s consumers.
Read More »Treasury Reflects On Six Years of Reform Progress
Treasury reports the economy is back on track, growth has returned, and the financial system is safer because of reforms.
Read More »Members of Congress & Industry Leaders Weigh In on Dodd-Frank’s Progress Thus Far
The Dodd-Frank Wall Street Reform and Consumer Protection Act's fifth anniversary was acknowledged on Tuesday, July 21, 2015, marking five years since this reform act was enacted. As Dodd-Frank turns five, congress members and industry leaders examine just how effective the reform act has been within the government agencies to which it was applied.
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