The OCC and FDIC will host a joint forum for mutual institutions on August 4 in Arlington, Va. All CEOs of mutual state and federally chartered mutual banks, federal savings associations and mutual holding companies are invited to attend. The program will include presentations from mutual bankers and regulators on a variety of topics including an economic outlook, cyber challenges and regulatory compliance updates.
FDIC Vice Chairman Travis Hill outlined his policy priorities for the agency, calling for a return to fundamentals for bank supervision, a “more open-minded approach” to technology and bank-fintech partnerships, and a re-evaluation of how regulators implement the...
Egg prices are climbing due to avian flu, while orange juice and coffee are up due to hurricanes, droughts and a disease affecting citrus globally.
The rate for a 30-year fixed-rate mortgage was 6.93%. The rate for a 15-year fixed-rate mortgage was 6.14%.
The U.S. economy added 256,000 nonfarm jobs in December. The unemployment rate was little changed at 4.1%.
The CFPB proposed an interpretive rule to expand Electronic Fund Transfer Act protections to digital payment mechanisms, such as those involving stablecoins or transactions in video games.
The ABA Foundation offers resources for bank customers and employees on how to recover financially from disasters and on how to avoid scammers who prey on disaster victims and people seeking to donate to recovery efforts.
