M&A News: TowneBank expands in Virginia

The CFPB rescinded a series of changes made to its rules that, among other things, gave its director authority to resolve adjudication hearings overseen by the agency.

The CFPB has nixed a registry to track information on consumer protection violations by nonbanks, citing concerns about compliance costs.

Several policymakers raised concerns with media outlets in recent days about a loophole in the Genius Act that allows stablecoin issuers to avoid its prohibition on paying interest.

A federal court issued an order preventing the CFPB from enforcing its rule on financial data sharing while the bureau reassesses the regulation.

Pending home sales were unchanged in September from the prior month, the National Association of Realtors said. Year over year, pending transactions were down 0.9%.

The Federal Open Market Committee announced that it will lower the target range for the federal funds rate by 25 basis points to 3.75%-4%. Two FOMC members voted against the cut.