Giancarlo to Chair GSEs’ Common Securitization Solutions

The Federal Reserve is seeking comment on whether to create a new “payment account” category that certain financial institutions could use for the limited purpose of clearing and settling payments.

The Senate voted to confirm the nominations of nearly 100 people to positions with the federal government, including Travis Hill to be FDIC chairman.

President Trump ordered federal agencies to quickly implement an existing proposal to reclassify marijuana to expand the availability of cannabis for medicinal purposes.

The rate for a 30-year fixed-rate mortgage was 6.21% this week. The rate for a 15-year fixed-rate mortgage was 5.47%.

The OCC and FDIC said they will not take action against banks for extensions of credit to complex-controlled portfolio companies that otherwise would violate the Federal Reserve’s restrictions on lending to bank insiders, provided banks satisfy certain conditions.

The Consumer Price Index increased 0.2% on a seasonally adjusted basis over the two months from September 2025 to November 2025, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all items index increased...