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BankingTech FinTech

ABA Offers Feedback on Potential Changes to GSE Housing Goals

February 26, 2021 at 09:50PM

In a letter to the Federal Housing Finance Agency today, the American Bankers Association cautioned against using housing goals for Fannie Mae and Freddie Mac as a proxy to reduce the GSEs’ purchase of certain loan types in an effort to shrink their overall footprint.

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ABA Supports Appraisal Modernization for Fannie, Freddie

February 26, 2021 at 09:08PM

The American Bankers Association today offered feedback to the Federal Housing Finance Agency on appraisal-related policies and practices for Fannie Mae and Freddie Mac, noting that it “fully supports creating new alternatives to the traditional appraisals available in the market today.”

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Kansas Law Creates Tax Exemption for Interest Income on Ag Real Estate Loans

February 26, 2021 at 08:23PM

Kansas Gov. Laura Kelly yesterday signed into law a bill that will help ensure greater parity at the state level
between banks and the government-sponsored Farm Credit System.

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A Global Analysis of the Banking and Finance Sector in 2021

February 26, 2021 at 07:15PM

SPONSORED CONTENT PRESENTED BY YOUGOV YouGov’s On The Money: Global Banking and Finance Report delivers quality insights on a variety of topics in the finance sector. The report was produced utilizing custom research in tandem with syndicated data from YouGov Plan & Track. It is intended to offer a high-level overview of financial attitudes, preferences […]

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ABA Data Bank: Deposits Rise by a Record 22.6% in 2020

February 26, 2021 at 05:14PM

The banking sector experienced an unprecedented inflow of deposits in 2020 that continued through the fourth quarter that was fueled by federal stimulus programs such as economic impact payments, expanded unemployment benefits and PPP loans.

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Consumer Sentiment Falls in February

February 26, 2021 at 04:11PM

Consumer Sentiment fell in February to 76.8 according to the University of Michigan Consumer Sentiment Index. February’s figure is 24 points below the February 2020 index. The Current Economic Conditions Index declined 0.6 points from the previous month to 86.2, and the reading is 24.9 points below the February 2020 index. The Consumer Expectations Index […]

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Trade Groups Call for Funding for USDA B&I Loan Program in COVID-19 Relief Bill

February 26, 2021 at 03:06PM

The American Bankers Association joined three other trade groups in a letter to House Rules Committee leaders this week urging them to include an amendment in the next COVID-19 relief bill that would provide funding for the U.S. Department of Agriculture’s business and industry guaranteed loan program.

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Durable Goods Orders Increased 3.4% in January

February 26, 2021 at 02:08PM

New orders for manufactured durable goods in January increased $8.5 billion or 3.4% to o $256.6 billion, the U.S. Census Bureau announced. This increase, up nine consecutive months, followed a 1.2% December increase. Excluding transportation, new orders increased 1.4%. Excluding defense, new orders increased 2.3%. Shipments of manufactured durable goods in January, up eight of […]

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When Should Bank Marketers Text Clients? (Hint: Not Often)

February 26, 2021 at 11:00AM

Use text when it can be one-to-one and provide relevant, personal information. Otherwise, just say no.

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Real Learning from Virtual Teaching

February 26, 2021 at 11:00AM

COVID-19 forced traditional bank financial education classroom presentations online. Tips from financial literacy experts for delivering learning and value through video-conferenced lessons.

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