Treasury Sanctions International Payment Processor

FinCEN has extended by more than a month the effective dates for orders involving three Mexico-based financial institutions with alleged ties to fentanyl trafficking, according to an agency statement.

The FDIC board will hold an open meeting next week to consider several agenda items, including proposals on regulatory thresholds, the Community Reinvestment Act and bank branches.

Federal Open Market Committee members remain somewhat split on the long-term effects of the Trump administration’s tariff policy on inflation, according to the minutes.

Fannie Mae and Freddie Mac will allow lenders the option to use VantageScore 4.0 while still allowing use of FICO to assess the creditworthiness of mortgages, FHFA Director Bill Pulte announced on a post on X.

What about refinances and renewals for small business, small farm and community development loans? And: Understanding risk-based pricing notices.

Consumer credit increased at a seasonally adjusted annual rate of 1.2% in May, the Federal Reserve reported.