FinCEN urges financial institutions to help identify federal student aid fraud

Republicans on the House Financial Services Committee urged the Federal Reserve to continue to make progress in reducing the time to process bank merger and acquisition applications.

While federal law requires banking agencies to review their regulations every decade to identify and address unnecessary burdens, the agencies lack documented procedures to fulfill that obligation or determine its effectiveness, the General Accountability Office concluded in a...

The Federal Reserve’s proposed payment account framework is a prudent approach to responsible innovation if additional safeguards are adopted to protect the safety, soundness and integrity of the U.S. payments system, ABA and the Consumer Bankers Association said.

The ABA Office of the Chief Economist views home sales as a potential reversal in mortgage demand. Despite elevated mortgage rates, consumers may consider this a new norm and could support construction loan demand.

ABA joined other financial sector associations to release a guide for financial institutions in determining which data shared with federal regulators should be subject to heightened security standards, as the banking agencies recently announced new policies for handling...

The rate for a 30-year fixed-rate mortgage was 6.58% this week. The rate for a 15-year fixed-rate mortgage was 5.96%.