CFPB Seeks Information on Inherited Regulations and Rulemaking Authorities

Federal Reserve Governor Michael Barr warned that higher tariffs are likely to put upward pressure on inflation and lead to higher unemployment.

The rate for a 30-year fixed-rate mortgage was 6.76% this week. The rate for a 15-year fixed-rate mortgage was 5.89%.

A bill to create a regulatory framework for stablecoins stalled in the Senate after it failed to generate enough votes to advance. Afterward, Senate Republicans vowed to continue working to pass the legislation.

OCC issued an interim final rule restoring its streamlined process for reviewing bank merger applications and rescinding other changes criticized by banks and lawmakers.

Consumer inflation expectations in April were unchanged over the short term, increased over the medium term and decreased over the longer term, according to the Federal Reserve Bank of New York’s most recent Survey of Consumer Expectations.

While the majority of debit card compromises still occur at nonbank ATMs, bank ATMs currently represent 27% of compromise locations, according to FICO.