As more borrowers exit COVID-19 forbearance programs, the Biden administration last week announced new relief measures designed to help mortgage borrowers with loans through the Department of Housing and Urban Development, Department of Veterans Affairs and the Department of Agriculture avoid foreclosure.
Get the inside track on continued regulatory changes and find out what to expect in consumer compliance exams at the 2021 OBL Regulator Roundtable – scheduled for the last time in a virtual format!
The OBL has partnered with DistrictWON, a firm that specializes in linking brand messages to communities via high school partnerships that are mutually beneficial and purpose-based.
The FBI has warned banks of a criminal gang targeting drive-thru bank and credit union automated teller machines nationwide using hook and chain-style tactics, techniques and procedures.
Acting Comptroller of the Currency Michael Hsu has been confirmed to keynote the OBL's in-person Annual Meeting, scheduled for Nov. 10 in Columbus.
The OBL this week held its first Diverse Directors College, where more than 100 diverse individuals interested in serving on an Ohio bank board of directors received valuable insights into the role from speakers including FDIC Director of the Office of Minority and Women Inclusion Nikita Pearson, Ohio Superintendent of Financial Institutions Kevin Allard and FDIC Ohio Field Supervisor Jim Meyer.
The Federal Housing Finance Agency is to eliminate its “adverse market refinance fee” following pushback from the OBL and others. The fee would have imposed a 50 basis point tariff for no-cash-out and cash-out refinance mortgages for loan deliveries from August onwards.
Banking activity increased modestly in the Federal Reserve Bank of Cleveland's district during the last two months, according to the central bank's latest Beige Book.
New data privacy legislation was released this week in Columbus that would, among other things, outline a set of data privacy standards requiring large Ohio businesses to establish new consumer data rights and disclosure protocols. At the OBL's request, an exemption for OBL members was included in the bill based on the banking industry's robust existing data privacy framework.
President Joe Biden last week issued a wide-ranging executive order intended to increase competition in the U.S. economy including 72 initiatives relating to more than a dozen federal agencies.