ABA urges passage of New Markets Tax Credit extension

The rate for a 30-year fixed-rate mortgage was 6.65% this week. The rate for a 15-year fixed-rate mortgage was 5.95%.

Ann Barron-DiCamillo, EVP and CISO at U.S. Bank, has been selected as the next chair of the Financial Services Sector Coordinating Council. She succeeds Debbie Guild, EVP and head of technology at PNC Financial Services Group, who recently...

The Treasury Department released proposed regulations to limit eligible investments for Trump Accounts to choices with low expense ratios and to exclude products with “excessive fees or unnecessarily complex strategies.”

Noting more than half of recent bank charter applications received by his agency involve digital assets, Comptroller of the Currency Jonathan Gould said his job isn’t about “incumbent protection” but rather preserving the integrity of the banking system.

Two California nonprofits have sued the Trump administration to free up $289 million in the CDFI Fund that will expire if not appropriated by the end of September.

While most participants at the Federal Open Market Committee’s July meeting believe inflation will ease as the effects of tariffs and earlier energy price increases wane, several pointed to the possibility that elevated inflation may be more persistent,...