The Consumer Financial Protection Bureau today released lists of rural counties and rural or underserved counties to use in 2016 in conjunction with the bureau’s Ability-to-Repay, escrow, HOEPA and appraisal rules. Rural counties were generally defined by using a U.S. Department of Agriculture classification system and underserved counties were defined by data collected under the Home Mortgage Disclosure Act, the CFPB said.
With low housing supply continuing to be a concern, planned conversions of office commercial real estate into residential units are starting to pick up.
The OCC released the first quarter 2025 mortgage metrics report, which showed that 97.6% of first-lien mortgages in the federal banking system were current and performing at the end of the quarter.
The Department of Justice announced it has seized $225.3 million in funds linked to cryptocurrency investment scams. The action marks the largest cryptocurrency seizure in Secret Service history.
Financial institutions filed 4.7 million suspicious activity reports in fiscal year 2024. They filed 20.5 million currency transaction reports during the same time frame.
The Treasury Department is exploring ways to streamline the filing process for suspicious activity reports and currency transaction reports as part of a broader effort to modernize BSA enforcement, Deputy Secretary of the Treasury Michael Faulkender said.
Amid tariff-related volatility, how are small and midsize businesses and the banks that serve them faring?
