The Consumer Financial Protection Bureau today released a fact sheet that covers the basics of using the TILA-RESPA integrated disclosures for construction loans. The fact sheet includes information on which construction loans are covered by TRID (open-end transactions or loans for a commercial purpose are not covered), as well as existing provisions for construction loan disclosures and guidance on disclosures for a loan with permanent financing as either one or two loans.
During a hearing on financial scams targeting consumers, Senate Banking Committee members offered different approaches for addressing the problem, with Democrats arguing that financial institutions should take responsibility for scams targeting their customers and Republicans pushing for consumer...
While financial stress among U.S. employees remains high, access to financial planning benefits through work has doubled since 2023, according to a PNC Bank survey.
The rate for a 30-year fixed-rate mortgage averaged 6.2% this week. The rate for a 15-year fixed-rate mortgage averaged 5.27%.
ABA announced the winners of its 2024 ABA Diversity, Equity and Inclusion Awards, which recognize member banks for their internal-facing programs, leadership and activities focused on improving DEI within their workplace.
The Producer Price Index increased 0.2% in August from the previous month, the Labor Department reported.
The Consumer Price Index rose 0.2% in August, the same increase as the previous month, and rose 2.5% over the past year, the Labor Department said.
