Trump postpones executive order on AI
President Trump postponed signing an executive order on artificial intelligence that would have established a path for the federal government to review AI models before they are publicly released.
Weekly Infobyte: What Bank Jobs Are Most at Risk from Automation?
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The rate for a 30-year fixed-rate mortgage was 6.51% this week. The rate for a 15-year fixed-rate mortgage was 5.85%.
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ABA DataBank: Single-family weakness drives April housing starts dip
If builders continue to scale back single-family production, construction activity and the mortgage pipeline are likely to soften. In contrast, modest annual growth in multifamily development is expected to provide some support for construction loan demand among banks.
Fed releases formal proposal to create ‘skinny’ master accounts
After previously seeking public input on the idea, the Federal Reserve issued a formal proposal for establishing payment accounts and will seek further comment.
