FDIC Vice Chairman Travis Hill outlined his policy priorities for the agency, calling for a return to fundamentals for bank supervision, a “more open-minded approach” to technology and bank-fintech partnerships, and a re-evaluation of how regulators implement the...
The rate for a 30-year fixed-rate mortgage was 6.93%. The rate for a 15-year fixed-rate mortgage was 6.14%.
The U.S. economy added 256,000 nonfarm jobs in December. The unemployment rate was little changed at 4.1%.
The CFPB proposed an interpretive rule to expand Electronic Fund Transfer Act protections to digital payment mechanisms, such as those involving stablecoins or transactions in video games.
The ABA Foundation offers resources for bank customers and employees on how to recover financially from disasters and on how to avoid scammers who prey on disaster victims and people seeking to donate to recovery efforts.
Acknowledging the coming change in administration, Bowman outlined a more restrained approach to bank regulation based on three principles: Prioritization of safety and soundness, a re-commitment to regulatory tailoring and increased transparency.
