With the Aug. 1 TILA/RESPA integrated disclosure implementation date approaching soon and members facing questions about the complex new requirements, ABA has created a webpage dedicated to TRID frequently asked questions. The webpage consolidates recordings of the Consumer Financial Protection Bureau’s five webinars on TRID implementation, along with detailed ABA FAQs and summaries of each webinar.
The rate for a 30-year fixed-rate mortgage was 6.76% this week. The rate for a 15-year fixed-rate mortgage was 5.89%.
A bill to create a regulatory framework for stablecoins stalled in the Senate after it failed to generate enough votes to advance. Afterward, Senate Republicans vowed to continue working to pass the legislation.
OCC issued an interim final rule restoring its streamlined process for reviewing bank merger applications and rescinding other changes criticized by banks and lawmakers.
Consumer inflation expectations in April were unchanged over the short term, increased over the medium term and decreased over the longer term, according to the Federal Reserve Bank of New York’s most recent Survey of Consumer Expectations.
While the majority of debit card compromises still occur at nonbank ATMs, bank ATMs currently represent 27% of compromise locations, according to FICO.
The Senate voted in favor of a resolution to overturn a 2024 final rule that changed how the OCC reviews proposed bank mergers.
