The joining of America's Community Bankers and the American Bankers Association has moved another step closer with a unanimous vote by ACB's board of directors to approve the merger.The membership of the two trade groups will cast their votes to ratify the merger at their annual conventions in October. "Today's vote underscores our board's belief that we are combining two great organizations into one extraordinary organization that will serve its members well through outstanding advocacy, an experienced and talented staff, a wealth of education and training programs, and an unmatched breadth and depth of products and services," ACB chairman Mark E. Macomber said. The organizations can be found online at http://www.acbankers.org and http://www.aba.com.
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Foundation had introduced Version 3 of its credit risk model, using the most recent delinquency data, to improve loan performance predictions.
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Fannie Mae's conservator is supporting the government-sponsored enterprise's test within certain boundaries, according to a recent social media post.
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The Senate Banking Committee is slated to consider Christopher Phelen to be the chair of the Council of Economic Advisers on Thursday. Phelen has said in past academic papers that fractional reserve banking is "highly problematic."
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The bureau said the move is intended to remove potentially confusing language with an upcoming revision to the Equal Credit Opportunity Act.
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President Donald Trump said he wouldn't sign the housing bill, which includes several riders aimed at helping community banks, until Congress passes the SAVE Act.
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