ABA DataBank: U.S.-Japan intervention supports the yen

The Senate confirmed John Crews as a member of the National Credit Union Administration board as part of a block of nominations up for consideration. In his new position, Crews will likely lead the agency.

ABA recommended targeted reforms to the TILA-RESPA Integrated Disclosure framework to reduce unnecessary compliance burdens, improve disclosure accuracy, streamline mortgage closings, and preserve strong consumer protections.

Despite the unemployment rate remaining relatively low, a moderation in labor market conditions could lead to a broader cooling in consumer credit performance.

The Federal Housing Administration has released a draft mortgagee letter proposing a Reinstatement Advance Payment Demonstration that would provide a voluntary alternative method for securing partial claim and payment supplement debt. The proposal would eliminate the need for...

The Senate Agriculture Committee failed to advance the Farm Bill after committee Democrats objected that the legislation did not contain a two-year delay of changes to the Supplemental Nutrition Assistance Program.

The rate for a 30-year fixed-rate mortgage was 6.69% this week. The rate for a 15-year fixed-rate mortgage was 6.01%.