FinCEN and the Federal Reserve are withdrawing a proposed rule that would have significantly shrunk the dollar threshold for banks to report cross-border wire transfers.
Top Democrats on the House Financial Services Committee are pledging to place greater emphasis on housing policy and tackle financial fraud as they seek their colleagues’ support for committee leadership in the upcoming Democrat-controlled Congress.
Continued job growth, low unemployment and steady labor demand should support household income growth and consumer spending, providing a positive backdrop for both business and consumer loan demand.
The rate for a 30-year fixed-rate mortgage was 7.18% this week. The rate for a 15-year fixed-rate mortgage was 6.57%.
A total of 720 lenders reported data about originations and purchases of small loans — $1 million or less — to businesses and farms in 2025.
More than 6,500 communities across the U.S. have been designated Qualified Opportunity Zones, which provide tax incentives for investing in distressed areas, the Treasury Department and IRS announced.
