The rate for a 30-year fixed-rate mortgage was 6.79% this week, up from last week when it averaged 6.72%, according to Freddie Mac. A year ago, the rate was 7.5%. The rate for a 15-year fixed-rate mortgage was 6%, up from last week when it averaged 5.99%. A year ago, the rate was 6.81%.
ABA and 16 groups are urging lawmakers to pass legislation banning the practice of credit reporting firms selling consumer contact information to lenders who then barrage those same consumers with unwanted solicitations.
Two former National Credit Union Administration board members have filed a lawsuit in federal court challenging their terminations, calling the decision by President Trump “patently unlawful.”
The banking sector remains sound and resilient overall, and most banks continue to report capital levels well above regulatory requirements, the Federal Reserve said in its first Financial Stability Report of 2025.
The FCC voted to advance an ABA-backed proposal to create a new call authentication requirement designed to limit criminal access to the U.S. calling network.
A federal court in California issued a temporary restraining order preventing enforcement of a FinCEN order requiring money services businesses to report certain cash transactions along part of the U.S.-Mexico border.
The Small Business Administration has reinstated stronger underwriting requirements for 7(a) loans through the issuance of a Standard Operating Procedure document.
