The FDIC and Office of the Comptroller of the Currency today released the schedules for Community Reinvestment Act examinations and evaluations to be conducted in the second and third quarters of the year.
ABA said it supports a proposal to allow banks and credit unions to use intermediaries to send transfers through the FedNow payments service, as long as certain safeguards are taken.
ABA joined seven other associations to express support for the White House's executive order promoting access to mortgage credit.
A federal court has vacated FinCEN’s new anti-money laundering reporting requirements for residential real estate transfers. As a result, reporting requirements are suspended while the agency appeals the decision.
The Trump administration is proposing new rules to govern grantmaking by federal agencies, including the Treasury Department, Small Business Administration and Department of Housing and Urban Development.
New orders for manufactured durable goods increased $25.5 billion, or 7.9%, from the previous month to $346 billion in April, the U.S. Census Bureau said.
The rate for a 30-year fixed-rate mortgage was 6.53% this week. The rate for a 15-year fixed-rate mortgage was 5.87%.
