The Senate has passed a defense appropriations bill that includes $29 billion in hurricane disaster assistance for the Gulf Coast states.The disaster assistance package includes $11.5 billion in Community Development Block Grant funds that the states and local governments can use to rebuild communities and housing. The Defense Department bill now goes back to the House for final passage, which is expected before Congress adjourns for the holidays. The House also has to vote again on the $40 billion deficit reduction bill, which contains deposit insurance reform provisions. The Senate made minor changes to the deficit reduction bill before passing it Dec. 21. It is likely that final passage will be delayed until Congress returns in February.
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In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
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Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
March 27 -
The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27 -
The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
March 27 -
Equity is entitled to a little over $70,000 worth of damages.
March 27 -
Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
March 27