The CFPB was temporarily unable to perform some of its statutory duties because of Trump administration stop-work orders, according to a new report by the Federal Reserve Office of Inspector General. The office also concluded that the administration's...
Federal Reserve Chairman Kevin Warsh said that the central bank will likely continue to focus on fighting inflation, which continues to remain persistently above the Fed’s 2% target.
The FDIC issued a final interim rule to update its regulations on reciprocal deposits to conform with housing legislation recently passed by Congress.
The FDIC and OCC finalized a rule to formally define “unsafe and unsound practices,” which they said would bring more certainty to bank supervision.
The rate for a 30-year fixed-rate mortgage was 6.66% this week. The rate for a 15-year fixed-rate mortgage was 5.98%.
The FDIC will extend the public comment deadline for its proposed bank information disclosure rule to align it with a deadline for a similar rule proposed by the OCC. ABA asked for the extension.
