The House overwhelmingly voted to pass a bipartisan housing bill that contains several provisions related to banking. The legislation now heads to President Trump, who is expected to sign it into law as early as this week.
Government agencies and contractors would be required to take steps to protect their systems from threats posed by quantum computers under a pair of executive orders signed by President Trump.
The Federal Housing Administration will no longer require lenders to obtain appraisal field reviews for a selection of FHA-approved mortgages, instead making the reviews optional.
Proposed acquisitions announced of banks in Texas, Wisconsin, Illinois and Washington, D.C.
FinCEN proposed taking additional actions to cut off U.S. financial access to a Cambodian firm that allegedly serves as a conduit for laundering money obtained through romance scams and other cybercrimes.
The legislation includes provisions related to brokered deposits, de novo bank formation and a mentor-protégé program pairing large financial institutions with smaller depository institutions.
