Pending home sales fell 5.5% in July from the prior month, the National Association of Realtors said today. The pending home sales index—a forward-looking indicator based on contract signings—decreased to 70.2. Year over year, pending transactions were down 8.5%.
A proposed accounting standards update on hedge accounting should be amended to align with the Financial Accounting Standards Board's risk mitigation goals, the American Bankers Association said in comments to the FASB.
The CFPB proposed a new rule to expand existing federal protections for consumer data to certain activities by data brokers.
The new Q&As cover key implementation topics such as the use of the digital sign and placement of the official sign in bank branches, the agency said.
The top lawmakers on the House Financial Services Committee introduced a bill that would direct regulators to study the potential benefits and risks of AI in the financial and housing markets and propose possible regulations.
ABA has added six banks to the ABA NASDAQ Community Bank Index. The index includes 248 community banks with $240.4 billion in market capitalization.
The Financial Stability Board recently released its 2024 list of global systemically important banks. The list identifies 29 G-SIBs, the same as last year.
