The Office of Thrift Supervision has cleared the way for
Fannie Mae's reverse-annuity mortgages allow borrowers 62 years old or
Responding to an inquiry from Fannie Mae, Carolyn Buck, OTS chief
Ms. Buck also said that thrifts may make such loans with an equity share
In exchange for the larger principal, which raises the loan-to-value
Because thrifts are not allowed to make equity investments in real
Ms. Buck, in her opinion, said it would not.
The ABA is testing an information-exchange network to allow banks to share their fraud data with each other. Companies including Baselayer are also building solutions.
Republicans on the House and Senate Small Business committees are accusing the SBA of being irresponsible in granting Funding Circle permission to participate in its flagship loan-guarantee program.
Strong consumer spending and cross-border activity drove an 8% increase in Visa's total payments volume during the first quarter of the year, although Asia's economic recovery is taking longer than expected.
Mastercard launches service to fight instant-payment fraud, EU may green-light Apple's NFC-access plan, and more.
The top five banks and thrifts had combined assets of more than $13 trillion as of December 31, 2023.
The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
