The rate for a 30-year fixed-rate mortgage was 6.24% this week, down from 6.22% last week, according to Freddie Mac. A year ago, the rate was 6.78%. The rate for a 15-year fixed-rate mortgage was 5.49%, down from 5.50% last week. A year ago, the rate was 5.99%.
The FDIC proposed a new rule to establish Bank Secrecy Act and sanctions compliance standards for stablecoin issuers regulated by the agency.
Recent actions by the OCC make clear that federal law preempts an Illinois law restricting interchange fees, so a federal court should reverse its ruling finding otherwise, ABA, the Illinois Bankers Association and other plaintiffs said in a...
Kevin Warsh was sworn in as chairman of the Federal Reserve during a ceremony at the White House.
The Federal Housing Administration will continue to require three credit reports for single-family loans, the U.S. Department of Housing and Urban Development announced.
The University of Michigan Consumer Sentiment Index decreased 10% in May compared to the month prior, landing at 48.8, according to final results for the month. Sentiment was down 14.2% year over year.
As financially vulnerable customers lean on personal loans to consolidate debt and cover unexpected expenses, nonbank lenders are closing the satisfaction gap with traditional banks, according to a new survey by JD Power.
