Allard was designated by the American Council of State Savings Supervisors to complete the remainder of the two-year term left vacant by the early departure of Commissioner John Ducrest. Allard’s partial term on the SLC will expire on March 31, 2021.
Read on for details from the FFIEC.
The American Bankers Association (ABA) has asked the Centers for Disease Control and Prevention (CDC) to make front-line bankers a high priority to receive the coronavirus vaccine.
The CDC’s Advisory Committee on Immunization Practices has already recommended “essential” banking employees be included in Phase 1B of the vaccine distribution effort.
Read on for details from ABA’s letter to CDC Dr. Jose Romero.
House Financial Services Committee Chairwoman Maxine Waters has asked Federal Housing Finance Agency Director Mark Calabria to halt all efforts to raise the capital requirements for Fannie Mae and Freddie Mac and stop all efforts to release them from conservatorship.
She also requested the agency cease and desist from finalizing any “midnight rules” or other administrative actions until President-elect Joseph Biden is sworn into office.
Read on for more from Waters.
The Federal Housing Administration (FHA) has announced the agency’s new schedule of loan limits for calendar year 2021 for its Single-Family Title II forward and Home Equity Conversion Mortgage insurance programs.
Loan limits for most of the country will increase in the coming year resulting from robust house price appreciation. The new loan limits are effective for FHA case numbers assigned on or after Jan. 1.
Read on for more from FHA.
The Federal Housing Finance Agency (FHFA) has finalized its rule governing the required capital structures for Fannie Mae and Freddie Mac.
FHFA Director Mark Calabria said the rule ensures the safety and soundness of the enterprises.
However, National Association of Realtors (NAR) President Charlie Oppler said the proposal could significantly raise costs for consumers, hamper the GSEs’ ability to support underserved markets and undermine reforms made over the last decade. Read on for more from FHFA and NAR.
The Department of Housing and Urban Development (HUD) has published a final rule in the Federal Register which provides a revised structure for the payments HUD makes to states participating as State Administrative Agencies (SAA) in the manufactured housing program.
The final rule revises the state payment formula so payments are more in line with the level of manufactured housing production.
Read on for more details from HUD.
State regulators are advising individuals and businesses that provide mortgage, money transmission, debt collection and consumer financial services to renew their licenses in the Nationwide Multistate Licensing System (NMLS) early to avoid processing delays.
Kelly O’Sullivan, chair of the NMLS Policy Committee, said early renewal will help ensure businesses and states facing operational challenges due to the pandemic can operate uninterrupted in the new year.
Read on to learn more.
The Consumer Financial Protection Bureau (CFPB) private education loan ombudsman has issued its 2020 annual report.
The report showed a decrease in the number of consumer complaints related to private or federal student loans.
Read on for details from the CFPB’s report.
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