Mortgage rates rise

OFAC announced new sanctions to target illicit oil smuggling by Iran. In addition, the FinCEN announced it was easing a fentanyl-related order against a Mexican bank to allow the dissolution of the institution.

During a Senate hearing, the ABA Foundation outlined the critical role banks play in protecting older Americans from fraud and financial exploitation while calling for strengthened national coordination, expanded financial literacy efforts and clear federal authority for banks...

Forty-three senators are asking their colleagues to set aside at least $324 million for the CDFI Fund and require those funds to be released in a timely manner.

Overall economic activity increased at a slight to moderate pace in eight of the 12 Federal Reserve districts in recent months, with two districts reporting little change and the remaining two reporting slight to modest declines, the Fed...

Homebuilder confidence in the market for newly built single-family homes fell four points to 34 in April, according to the NAHB/Wells Fargo Housing Market Index.

The Producer Price Index for final demand increased 0.5% in March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.