The Consumer Financial Protection Bureau today issued a proposal to raise the threshold at which banks are required to report data on home equity lines of credit. Under the rule, banks originating more than 100 HELOCs are generally required to report under HMDA. The proposal would raise that threshold to 500 HELOCs for the calendar years 2018 and 2019, giving the CFPB time to determine if it will make the adjustment permanent. Comments on the proposal are due by July 31.
Total nonfarm payroll employment rose by 254,000 in September and the unemployment rate edged down to 4.1%, the U.S. Bureau of Labor Statistics reported. Employment continued to trend up in food services and drinking places, health care, government,...
The number of alleged consumer protection violations and financial offenses increased in the first half of 2024, although the total fines assessed dropped dramatically.
Hiring rose in September with nonfarm payrolls adding 254,000 jobs over the month. Meanwhile, the unemployment rate ticked down slightly to 4.1%.
Agencies announce 2025 dollar thresholds used to determine whether certain transactions are subject to protections under Regulation Z and Regulation M, or are higher-priced mortgage loans subject to special appraisal requirements.
Miami is often described as the northernmost city in Latin America, or sometimes as Latin America's business capital. Banesco USA Cali Garcia-Velez discusses how he and his team are growing a Latino banking franchise in South Florida.
The rate for a 30-year fixed-rate mortgage averaged 6.12% this week. The rate for a 15-year fixed-rate mortgage averaged 5.25%.
