The rate for a 30-year fixed-rate mortgage was 6.89% this week, up from last week when it was 6.86%, according to Freddie Mac. A year ago, the rate was 7.03%. The rate for a 15-year fixed-rate mortgage was 6.03%, up from last week when it was 6.01%. A year ago, the rate was 6.36%.
Bank regulators should abandon the “flawed” approach of creating two sets of capital standards for large banks and instead propose a single set of modernized standards also available as an option for smaller banks, Treasury Secretary Scott Bessent...
In an interview on CNBC, Federal Reserve Vice Chair for Supervision Michelle Bowman spelled out her approach to reforming capital requirements for large banks, saying it was time to evaluate what has and hasn’t worked since passage of...
The House passed by voice vote a bill directing the Securities and Exchange Commission to create a task force dedicated to combating the exploitation of senior investors.
ABA urged House lawmakers to support six bills covering a wide range of banking-related issues, from the Federal Reserve’s discount window to de novo bank formation.
Prosperity Bancshares in Houston and Mercantile Bank in Grand Rapids, Michigan, are among the banks that have announced proposed acquisitions in recent days.
For the fourth and final round of EGRPRA review, the agencies are soliciting comments on regulations in three categories: Banking operations, capital and the Community Reinvestment Act.
