The OCC’s Community Developments Investments newsletter published today focuses on how banks can provide sustainable loan modifications and help reduce foreclosures. For example, the newsletter looks at how banks are engaging with the Treasury Department’s Hardest Hit Fund in California, Florida, Kentucky and North Carolina. It also reviews foreclosure prevention activities under the Community Reinvestment Act.
FOMC sees ‘lack of further progress’ in reducing inflation
Citing a “lack of further progress” in recent months in dialing back inflation, the FOMC announced that it will maintain...