The rate for a 30-year fixed-rate mortgage was 6.21% this week, down from 6.22% last week, according to Freddie Mac. A year ago, the rate was 6.72%. The rate for a 15-year fixed-rate mortgage was 5.47%, up from 5.54% last week. A year ago, the rate was 5.92%.
President Trump ordered federal agencies to quickly implement an existing proposal to reclassify marijuana to expand the availability of cannabis for medicinal purposes.
The OCC and FDIC said they will not take action against banks for extensions of credit to complex-controlled portfolio companies that otherwise would violate the Federal Reserve’s restrictions on lending to bank insiders, provided banks satisfy certain conditions.
The Consumer Price Index increased 0.2% on a seasonally adjusted basis over the two months from September 2025 to November 2025, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all items index increased...
As part of a new push to increase transparency, the Federal Reserve made public the first of several staff manuals on the supervision of the largest banks.
ABA joined 52 state bankers associations in sending a joint letter to Congress urging lawmakers to clarify and enforce the statutory prohibition on payment stablecoin issuers and affiliated platforms offering yield, rewards or interest to stablecoin holders because...
The National Institute of Standards and Technology released draft guidelines for applying the agency’s cybersecurity framework to the adoption of artificial intelligence technologies by businesses and other organizations.
