Federal banking agencies finalized interagency rulemaking to expand the eligibility criteria for the community bank leverage ratio, adopting changes first proposed last year without further revisions.
ABA expressed its support for FCC Chairman Brendan Carr’s decision to schedule a vote on issuing a proposal that would impose stronger “know your customer” requirements on voice service providers that originate calls.
The Treasury Department’s Office of Foreign Assets Control sanctioned a Cambodian senator and 28 individuals for their alleged roles in running scam centers that defraud Americans. ABA applauded the decision.
The rate for a 30-year fixed-rate mortgage was 6.23% this week. The rate for a 15-year fixed-rate mortgage was 5.58%.
The FDIC released guidance with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Mississippi and Tennessee affected by severe weather.
The Department of Justice and Drug Enforcement Administration announced they have reclassified marijuana and marijuana products regulated by state medical licenses as Schedule III drugs, which will expand their availability for medical purposes.
