HUD will adopt FICO 10T and VantageScore 4.0 for FHA loans. Fannie Mae and Freddie Mac will begin using VantageScore 4.0 immediately and the future use of FICO Score 10T credit scores for loans delivered to Fannie Mae.
The proposed laws would work in concert to create a national privacy standard for banks to follow rather than the current state and federal patchwork.
Representatives from minority depository institutions gathered in Washington, D.C, this week for the fifth annual MDI Partnership Summit, where they explored opportunities to better serve their communities and educated lawmakers and regulators about the economic contributions of their...
Treasury Secretary Scott Bessent faced questions from senators on both sides of the political aisle about the administration’s proposed budget cuts for the CDFI Fund, with Bessent accusing the program of having pursued a partisan agenda.
The Department of Justice extended by a year the compliance deadlines for a recent revision to the regulation implementing Title II of the Americans with Disabilities Act, which establishes specific requirements for making state and local governments’ web...
Former House Agriculture Committee Chairman David Scott (D-Ga.) has died at age 80, House Democrats announced. Scott was a member of the House Financial Services Committee.
