The House Financial Services Committee will hold a hearing Tuesday on AI applications in housing and financial services. The Housing and Insurance Subcommittee will meet Wednesday for a hearing on housing solutions and regulation. The Senate Banking Committee will meet Thursday for a hearing on export controls, investment security and the Defense Production Act. The House Agriculture Committee will hold a hearing Tuesday on farm country financial conditions.
Banks across the country will participate today in the ABA Foundation's 28th annual Teach Children to Save Day.
Reported losses from suspected internet crimes exceeded $16 billion in 2024, representing a 33% increase from the year before, the FBI’s Internet Crime Complaint Center said in its annual report.
New single-family homes sales rose to a seasonally adjusted annual rate of 724,000 according to the U.S. Census Bureau and HUD.
Economic activity was little changed since March, but uncertainty around international trade policy was pervasive across the 12 Federal Reserve districts, according to the Fed’s third Beige Book report of the year.
The FDIC announced it is changing the virtual data room contractor used to market failing financial institutions. The agency will use ShareVault VDR for all new projects beginning in May.
When banks appeal a supervisory determination at the FDIC, they do not get an independent review. Instead, they appeal to the very regulators who made the original decision.
