The Equal Employment Opportunity Commission on Tuesday opened the portal for banks and other employers to submit 2022 EEO-1 Component 1 data. The EEO-1 Component 1 survey requires private employers with 100 or more employees and federal contractors with 50 or more employees to submit data on employees’ gender, race and ethnicity annually to EEOC. The deadline for submitting 2022 EEO-1 Component 1 data is Dec. 5.
The OCC announced it will no longer examine banks for reputational risk and will remove references to such risk from its Comptroller’s Handbook booklets and guidance.
Legislators and regulators are strongly focused on policy related to payment stablecoins, most recently with the passage of the Genius Act in the Senate Banking Committee. What is the current policy and technology landscape on stablecoins?
Existing home sales rose 4.2% in February to a seasonally adjusted annual rate of 4.26 million, the National Association of Realtors reported. Sales dropped 1.2% from a year ago.
The rate for a 30-year fixed-rate mortgage was 6.67% this week. The rate for a 15-year fixed-rate mortgage was 5.83%.
Twenty-three senators from both parties have signed a joint letter expressing their support for the CDFI Fund after President Trump directed the program to scale back staffing and operations.
OFAC issued a final rule extending recordkeeping requirements for certain transactions from five to 10 years to make them consistent with the recently expanded statute of limitations for sanctions violations.
