Pending home sales rose 4% in August from the prior month, the National Association of Realtors said. Year over year, pending transactions were up 3.8%.
Financial institutions can also use the CSBS framework to assess their own AI programs, establish sound AI governance and risk management, and prepare for examinations.
The FDIC proposed a new rule to prevent states from imposing certain regulations on state banks chartered in other states.
Homebuilder confidence in the market for newly built single-family homes fell three points to 32 in September, according to the National Association of Home Builders/Wells Fargo Housing Market Index.
The rate for a 30-year fixed-rate mortgage was 6.95% this week. The rate for a 15-year fixed-rate mortgage was 6.26%.
The Senate Banking Committee voted along party lines to advance the nomination of Brian Johnson to be CFPB director. Committee members also voted unanimously to advance legislation reauthorizing the Terrorism Risk Insurance Program.
The FDIC proposed a new rule “to improve the speed, certainty and predictability” of bank merger reviews, including expanding what factors it will examine to determine a merger’s potential competitive effects and establishing a streamlined application process for...
