Housing starts decreased by 9.8% in January from the month prior to a seasonally adjusted annual rate of 1.36 million, the Commerce Department reported. The rate was 0.7% below the January 2024 level. New building permits — an indicator of future demand — rose 0.1% in January from the month prior but was 1.7% lower than last year.
FHA announced that non-permanent residents are no longer allowed to access FHA-insured mortgages, part of a broader effort by the Trump administration to tighten immigration policies.
FS-ISAC released a report to help financial service providers predict the challenges and identify the uncertainties involved in implementing generative artificial intelligence solutions.
Under a new executive order from President Trump, effective Sept. 30, the U.S. Treasury will no longer issue paper checks for disbursements, including tax refunds, vendor payments, benefit payments and intergovernmental transfers.
The CFPB's focus too often has been on increasing its authority rather than on instituting checks and balances to ensure that authority is used for the benefit of consumers and consistent with law, ABA in a statement to...
The FDIC is drafting rulemaking to remove reputational risk from its bank supervision, several media outlets reported. The move follows similar action by the OCC last week.
BankFirst in Columbus, Mississippi, has agreed to buy Magnolia State Corp. in Bay Springs, Mississippi.
