FOMC cuts rates by 25 basis points

The rate for a 30-year fixed-rate mortgage was 6.58% this week. The rate for a 15-year fixed-rate mortgage was 5.96%.

The Federal Communications Commission has published an advisory warning consumers about bank impersonation scams and offering tips for avoiding them.

Brian Johnson, the nominee to lead the CFPB, told lawmakers that he would promote accountability at the agency by ensuring it acts within statutory limits, and that he would keep an “open mind” about the bureau’s staffing.

A market structure bill for digital assets threatens to weaken the financial ecosystem supporting Hispanic-owned businesses by spurring the migration of deposits from federally insured financial institutions to cryptocurrency platforms that don’t offer lending, the U.S. Hispanic Chamber...

The FDIC released guidance with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Louisiana and Mississippi affected by severe weather.

The FDIC’s 2% Designated Reserve Ratio was developed using information available during the financial crisis. Subsequent experience and structural changes in the banking system raise the question of whether the original calibration remains appropriate today.