FinCEN assessed a $3.5 million civil penalty against cryptocurrency services provider Paxful for Bank Secrecy Act violations and issued a reminder for financial institutions of their anti-money laundering obligations when dealing with virtual currencies.
The Federal Open Market Committee voted to lower the target range of the federal funds rate by 25 basis points, to 3.5%-3.75%. However, three FOMC members voted against the cut.
The 2026 bank M&A outlook
The ROAD to Housing Act is a package of bills aimed at improving housing affordability. House Republicans opposed attaching it to the defense bill, arguing that they want a say in shaping housing policy.
Comptroller of the Currency Jonathan Gould criticized a recent federal court decision leaving in place a Colorado law that caps interest rates and fees on loans to state residents, saying it puts state banks at a competitive disadvantage...
According to new J.D. Power study of U.S. mortgage servicers, a slower industry-wide adoption of mobile apps is resulting in a “decidedly uneven” digital user experience. Some mortgage servicing apps are delivering on industry best practices, others are...
