Mortgage rates drop

ABA has long championed the SAFE Banking Act, which would prevent regulators from prohibiting or discouraging financial institutions from serving cannabis businesses in states where it is legal.

The FDIC proposed updating the definitions of small and large institutions that determine which methodology is applied to calculate an institution’s deposit insurance assessment rate, and revising the deposit insurance rate schedules for all institutions.

The FDIC is proposing to reduce the amount of information that large banks must share in their insured depository institution resolution plans, and to raise the minimum asset size for requiring resolution submissions. The agency also proposed a...

ABA expressed strong support for the Federal Communications Commission’s proposal to impose specific “know your customer” requirements on voice service providers that originate calls,

The CFPB unveiled actions to “restore integrity and utility” to its consumer complaint portal, which it said would increase the effectiveness of the complaint system.

The rate for a 30-year fixed-rate mortgage was 6.49% this week. The rate for a 15-year fixed-rate mortgage was 5.84%.