Gruenberg tapped for second round as FDIC chairman

The Federal Housing Administration will continue to require three credit reports for single-family loans, the U.S. Department of Housing and Urban Development announced.

The University of Michigan Consumer Sentiment Index decreased 10% in May compared to the month prior, landing at 48.8, according to final results for the month. Sentiment was down 14.2% year over year.

As financially vulnerable customers lean on personal loans to consolidate debt and cover unexpected expenses, nonbank lenders are closing the satisfaction gap with traditional banks, according to a new survey by JD Power.

President Trump postponed signing an executive order on artificial intelligence that would have established a path for the federal government to review AI models before they are publicly released.

ABA joined four other associations to express support for proposed reforms to the CFPB's regulations of the mortgage industry.

The rate for a 30-year fixed-rate mortgage was 6.51% this week. The rate for a 15-year fixed-rate mortgage was 5.85%.