Financial Services Committee Passes Several ABA-Backed Bills

The Federal Reserve has hired an external firm to conduct a review of the Silicon Valley Bank failure, Fed Vice Chair for Supervision Michelle Bowman said.

The White House released a national policy framework that calls on Congress to take several actions to support the safe deployment of artificial intelligence, including supporting law enforcement efforts to fight fraud and scams and passing federal legislation...

ABA expressed support for the FCC’s decision to schedule a vote on March 26 on whether it should issue a notice of proposed rulemaking that would strengthen the agency’s numbering policies to combat illegal calls.

FinCEN released an FAQ on a geographic targeting order targeting multiple counties and ZIP codes in four states along the Southwest U.S. border.

Sales of new single-family houses in January were at a seasonally-adjusted annual rate of 587,000, which was 17.6% below the December rate and 11.3% below the January 2025 rate.

The rate for a 30-year fixed-rate mortgage was 6.22% this week. The rate for a 15-year fixed-rate mortgage was 5.54%.