President Trump signed into law a bill prohibiting credit reporting firms from selling mortgage applicant information to lenders who then barrage those same consumers with unwanted solicitations.
FinCEN and U.S. banking agencies released guidance for financial institutions on how to share financial information with their counterparts in other countries without running afoul of the Bank Secrecy Act.
China–U.S. West Coast spot rates are down 68% from June, signaling an earlier, truncated peak season. Importers are pulling back amid tariff whiplash and softer demand.
The U.S. economy added 22,000 nonfarm jobs in August, the Labor Department said. The unemployment rate was little changed at 4.3%.
The rate for a 30-year fixed-rate mortgage was 6.5% this week. The rate for a 15-year fixed-rate mortgage was 5.6%.
The U.S. trade deficit was $78.3 billion in July, up $19.2 billion from $59.1 billion in June, the Commerce Department said.
