The rate for a 30-year fixed-rate mortgage averaged 6.94% this week, down from last week when it averaged 7.02%. A year ago, the 30-year rate was 6.57%. The rate for a 15-year fixed-rate mortgage averaged 6.24%, down from last week when it averaged 6.28%. A year ago, the rate was 5.97%.
While banks have long employed artificial intelligence tools, a new survey shows that a majority of banks globally have either deployed or are in the process of deploying generative AI tools.
An ABA public education campaign warning consumers about the risks of check fraud has received two awards for video and television excellence.
A proposed amendment would add language capping credit card interest rates at 10% to the GENIUS Act, an unrelated bill establishing a regulatory framework for payment stablecoins.
ABA joined state and national associations in voicing strong opposition to adding credit card routing mandates to an unrelated bill on stablecoins.
Sen. Roger Marshall (R-Kan.) has filed an amendment to add credit card network routing mandates to an unrelated bill establishing a regulatory framework for payment stablecoins.
The FDIC board unanimously voted to rescind a 2024 statement on bank mergers that expanded the factors taken under consideration when the agency reviews merger applications.
