Mortgage rates rise

The FDIC has approved two deposit insurance applications submitted by automobile manufacturers Ford and GM to establish industrial banks, according to an agency statement.

The rate for a 30-year fixed-rate mortgage was 6.09% this week. The rate for a 15-year fixed-rate mortgage was 5.44%.

Government intervention in the U.S. credit card market would harm consumers, small businesses and community-based financial institutions by reducing choice, increasing costs and fraud risks, and creating economic challenges for smaller institutions, the ABA and 10 financial sector...

The ABA Foundation is encouraging banks and bankers to participate in industry-wide efforts to strengthen financial capability in communities across the U.S. This year will see the addition of consumer-facing tools focused on fraud and scam prevention, tax...

The FDIC board finalized several proposed changes to its recently revised signage rules and pushed back the compliance date by a few months.

The FDIC board voted to bring back an independent office at the agency to oversee bank appeals of its supervisory decisions. In addition, the OCC plans to explore similar reforms to its supervisory appeals process.