U.S. home prices rose 0.6 percent in September and 1.5 percent in the third quarter, according to the Federal Housing Finance Agency’s House Price Index released today. Prices were up 6.1 percent from a year earlier, marking eight consecutive year-on-year increases of more than 5 percent. The FHFA’s monthly index is calculated using the prices of houses brought with mortgages backed by Fannie Mae and Freddie Mac.
The CFPB announced it is rescinding dozens of guidance documents on topics such as fair lending, overdraft fees, disclosure policies and consumer information requests to large banks and credit unions.
ABA and other plaintiffs said the court has already recognized that an Illinois law restricting certain interchange fees is preempted by federal law, so it should reject the state’s arguments against the court making a summary judgment in...
President Trump nominated former FDIC Board Member Jonathan McKernan as undersecretary of domestic finance at the Treasury Department. McKernan had been the nominee to lead the CFPB.
Acting Comptroller Rodney Hood outlined his top priorities for the OCC, including efforts to promote financial inclusion and expand the banks’ ability to provide cryptocurrency services.
The Dow Jones Transportation Average, which measures shipping, rail and logistics companies, is exhibiting one of its worst H1 performances in 10 years.
Federal Reserve Governor Michael Barr warned that higher tariffs are likely to put upward pressure on inflation and lead to higher unemployment.
