Mortgage rates continue drop 

The Financial Action Task Force has updated its lists of jurisdictions with strategic deficiencies in countering anti-money laundering, the financing of terrorism and the financing of proliferation of weapons of mass destruction.

FinCEN issued an alert on identifying and reporting suspicious activity tied to cross-border payments and a notice for financial institutions about exploitation of charities.

California officials should clarify that national banks and federal savings institutions are not required to comply with two state climate disclosure rules, the OCC said.

The FDIC proposed to eliminate a regulation requiring large banks to maintain certain recordkeeping systems for deposit insurance purposes.

The cost of insuring against losses on the debt of hyperscalers and chipmakers that are fueling the AI build-out has spiked in recent days.

By aligning the Federal Housing Administration’s single-family minimum property requirements with those used by Fannie Mae and Freddie Mac, federal housing authorities would be making one of the most meaningful updates to FHA valuation policy in years, ABA...