Breaking down the bank-related provisions in the big budget bill

The CFPB and Department of Justice plan to withdraw 2023 guidance warning financial institutions that they risk violating federal protections against discrimination if they rely on immigration status to determine a consumer’s creditworthiness.

The OCC is proposing to amend its chartering regulations to clarify that national banks limited to the operations of trust companies may engage in nonfiduciary activities.

The rate for a 30-year fixed-rate mortgage was 6.16% this week. The rate for a 15-year fixed-rate mortgage was 5.46%.

ABA's Steve Kenneally on the Fed's decision on penny deposits, the operational challenges the penny phaseout poses to retailers and banks, and ABA's advocacy on coinage reform.

The Federal Reserve announced that it will resume accepting pennies from banks and credit unions at commercial coin distribution locations on Jan. 14, providing services that were previously suspended.

Republicans on the House Financial Services Committee unveiled a new bill they said would boost community banking by promoting de novo bank formation, raising regulatory thresholds and revising agency regulatory and supervisory practices.