Mild home appreciation in November as regions diverge

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...

Housing starts have been on a downward trajectory since peaking in 2022. However, single-unit starts increased 7.6% from July. Paired with continued elevated mortgage rates, banks may experience reduced demand for mortgages and construction loans.

CFPB regulations require updates to be announced in the Federal Register. No official notice has been published yet, and it is unclear whether the agency can mandate use of the new version.

House Financial Services Committee advanced legislation to prevent states from imposing interest rate caps on loans from out-of-state state-chartered banks and credit unions. Committee members also advanced a CFPB reform bill.

The Senate Banking Committee advanced the Farm Bill after it had previously stalled, with the current version of the legislation including several provisions supported by ABA.