The rate for a 30-year fixed-rate mortgage was 6.76% this week, unchanged from last week, according to Freddie Mac. A year ago, the rate was 7.09%. The rate for a 15-year fixed-rate mortgage was 5.89%, down from last week when it was 5.92%. A year ago, the rate was 6.38%.
A bill to create a regulatory framework for stablecoins stalled in the Senate after it failed to generate enough votes to advance. Afterward, Senate Republicans vowed to continue working to pass the legislation.
OCC issued an interim final rule restoring its streamlined process for reviewing bank merger applications and rescinding other changes criticized by banks and lawmakers.
Consumer inflation expectations in April were unchanged over the short term, increased over the medium term and decreased over the longer term, according to the Federal Reserve Bank of New York’s most recent Survey of Consumer Expectations.
While the majority of debit card compromises still occur at nonbank ATMs, bank ATMs currently represent 27% of compromise locations, according to FICO.
The Senate voted in favor of a resolution to overturn a 2024 final rule that changed how the OCC reviews proposed bank mergers.
The CFPB will not prioritize enforcement of a 2024 rule defining lenders who provide buy now, pay later products as credit card providers under the Truth in Lending Act.
