Ginnie Mae gives issuers a break, adds new prepayment data
The government MBS guarantor ended a 15-day advance notice mandate for extensions on a filing deadline so those with a March 31 due date can still ask for one.
The fusion of TradFi and DeFi raises questions for banks
Banks must plan to support decentralized finance without disturbing their existing businesses. That’s easier said than done.
Fincen whistleblowers could earn 30% of penalties in new rule
The Treasury’s financial crimes enforcement wing proposed a rule Monday that would incentivize whistleblowers to come forth with information that could assist in cracking down on scams, fraud or money laundering, at a time of heightened geopolitical risk.
Powell says Fed cautious as Iran war drives inflation risks
Federal Reserve Chair Jerome Powell said the central bank is cautiously monitoring consumer sentiment as tensions from the Iran war push energy prices higher, complicating efforts to bring inflation down to the Fed’s target.
Mortgage industry baffled by Trump’s MLO order
A section of Trump’s executive order on mortgage credit called for eliminating requirements for loan officer registration, a process industry experts say has never been considered a burden.
States score win as Flagstar denied escrow rehearing
The federal court rejected Flagstar’s attempts for both a panel rehearing and an en banc hearing to overturn California’s interest on mortgage escrow rule.
What’s on tap for this year’s Payments Forum?
Can banks win at agentic commerce? What’s next for real-time payments? And where are mobile wallets headed? The industry’s top experts will dive into these issues at American Banker’s Payments Forum from May 4-6 in San Francisco.
Bank of America settles with Epstein victims for $72.5 million
The nation’s second-largest bank agreed to the massive settlement to avoid a looming trial in May over accusations that it enabled suspicious, multimillion-dollar transactions — including a staggering $170 million payment from the former Apollo CEO Leon Black — to Epstein.
The linchpin of cybersecurity is at risk
A database that holds the details about every attack on databases is itself at risk of being compromised, which would leave banks and other businesses on their own when it comes to network defense.
Banks should avoid the self-inflicted wound of negative messaging
It may seem tempting to make use of advertising that plays up the negative aspects of your competition, or tries to set your organization apart from a less-than-appealing stereotype, but such messaging rarely lands well with consumers.