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Michigan bank expands mortgage operations with asset purchase

03/23/19

University Bancorp gained a number of offices from Huron Valley Financial. It also hired lenders and staff with experience in reverse mortgages and wholesale lending.

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A banker’s guide to Facebook’s new advertising rules

03/21/19

Banks will likely continue to exercise caution in the wake of Facebook's announcement that it’s restricting the way providers of housing, employment and credit advertise on its site.

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Bills to reform credit bureaus unveiled on eve of hearing

02/25/19

Ahead of testimony by the CEOs of the major bureaus, House Financial Services Committee leaders proposed sweeping changes for the credit reporting industry and credit-score protections for furloughed government workers.

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Federal regulators should speak with one voice on CRA: Fed’s Brainard

02/01/19

Federal Reserve Board Gov. Lael Brainard said public comments demonstrate a desire among stakeholders for reforms to be implemented consistently across the Fed, OCC and CRA.

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Challenge of CFPB falls short as Supreme Court passes on case

01/14/19

The U.S. Supreme Court turned away a broad challenge to the structure of the Consumer Financial Protection Bureau, the agency that Republicans say has stifled economic growth through over-regulation.

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FEMA ends halt on flood insurance policies during shutdown

12/31/18

The announcement rescinded the agency's earlier guidance issued to industry partners to suspend sales operations as a result of the current lapse in funding from Congress.

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CFPB catches flak from banks, credit unions on risks of AI

12/06/18

Executives urged the consumer bureau at a public meeting to keep a closer eye on artificial intelligence innovations developed by fintech firms that are subject to less regulation.

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Lenders reliant on CRE face tough road

11/16/18

Challenges will likely increase as interest rates rise and investors grow more concerned about a downward turn in the economic cycle.

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Nonbanks' rapid growth poses risks to industry: FDIC's McWilliams

11/15/18

FDIC Chairman Jelena McWilliams questioned whether regulators and banks are fully capturing the emerging risks of a new shadow banking system.

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Regulators lift CRE concentration cap at New York Community

11/15/18

The move allows the New York multifamily lender to make more loans without having to raise capital.

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