Banking News Headlines

An impressive final tally of 242 House members joined Representatives Ruben Hinojosa (D-Texas) and Judy Biggert (R-Ill) in signing a letter urging the Department of Housing and Urban Development to withdraw its proposed rule amending the Real Estate Settlement Procedures Act.
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Some 220 representatives joined Representatives Ruben Hinojosa (D-Texas) and Judy Biggert (R-Ill) in signing a letter last week urging the Department of Housing and Urban Development to withdraw its proposed rule amending the Real Estate Settlement Procedures Act.
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Bankers should meet locally with their House members during the August recess to express opposition to legislation (HR 5546) that would fix interchange fees that banks negotiate with merchants, ABA said last week in a memo to state association executives and grassroots leaders.
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The Small Business Administration has introduced an online disaster loan application. Businesses and nonprofits can apply electronically for assistance to cover economic injury and losses to real estate and property following a declared disaster.
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Eighty percent of consumers have not paid an overdraft fee in the past 12 months, according to a recent survey of 1,000 consumers conducted for ABA by Ipsos.
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