FDIC Reduces Budget, Staffing for 2018

The CDFI Fund announced an agreement to issue three guarantees worth $498 million under the CDFI Bond Guarantee Program, the largest amount in the program's history.

Report provides insights, strategies and recommendations for financial institutions navigating the migration to the ISO 20022 standard for electronic data interchange between institutions.

Representatives from four banking regulators shared their agencies’ current supervisory priorities, including a proposed BSA program rule to require financial institutions to maintain risk-based anti-money laundering programs.

The FDIC board will meet on Oct. 17 to consider extending the compliance deadline for its final rule on the use of the agency’s name and logo by financial institutions, as requested by ABA and lawmakers.

The Consumer Price Index rose 0.2% in September — the same increase as July and August — and increased 2.4% over the past year, the Labor Department said.

The rate for a 30-year fixed-rate mortgage averaged 6.32% this week. The rate for a 15-year fixed-rate mortgage averaged 5.41%.