FHA issues final rule for transitioning ARMs off Libor

ABA led a group of eight financial trade associations in expressing support for proposals to the Federal Communications Commission that would adopt several requests to modernize the FCC’s Telephone Consumer Protection Act rules.

The Trump administration must continue to seek funding for the CFPB, a federal judge ruled last week.

Purchase volume on consumer credit cards increased to $3.6 trillion in 2024, up from $3.2 trillion two years prior, according to the CFPB’s recently released report on the credit card market.

U.S.-based multinational companies will be exempt from the OECD Pillar Two global minimum tax framework under a new international agreement announced by the Treasury Department.

The U.S. manufacturing sector contracted in December for the tenth month in a row, following a two-month expansion preceded by 26 straight months of contraction.

The Treasury Department will require the CDFI Fund to modify its New Market Tax Credits program allocations to ensure compliance with federal anti-discrimination laws, and it will increase monitoring of award recipients, according to an announcement.