The rate for a 30-year fixed-rate mortgage was 6.52% this week, up from 6.48% last week, according to Freddie Mac. A year ago, the rate was 6.84%. The rate for a 15-year fixed-rate mortgage was 5.84%, up from 5.79% last week. A year ago, the rate was 5.97%.
The Producer Price Index for final demand increased 1.1% in May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
The OCC has released for public review draft forms that will be used to collect information from payment stablecoin issuers under its jurisdiction.
CISA released a new framework for federal civilian agencies in determining how quickly to patch software vulnerabilities, noting that artificial intelligence is “vastly increasing” the pace at which such vulnerabilities are discovered.
President Trump nominated bank executive Brian Johnson to lead the CFPB, which has been without a full-time leader since the firing of Rohit Chopra last year.
ABA said it strongly supports the shift toward risk-based compliance in a proposed overhaul of the Bank Secrecy Act program rule.
The Financial Stability Board has released a draft list of 12 sound practices to guide the adoption of artificial intelligence by banks and other financial institutions.
