Industrial Production Down Again in December

Industrial production dropped 0.5% in March from the previous month, the Federal Reserve reported. The March figure was up 2.4% from a year prior.

The rate for a 30-year fixed-rate mortgage was 6.3% this week. The rate for a 15-year fixed-rate mortgage was 5.65%.

A recent study of more than 150 years of U.S. bank data has concluded that weak fundamentals are the primary driver of bank failures, and that strong banks usually survive runs.

The eleven Democratic members of the Senate Banking Committee called for the committee to delay the nomination hearing for Kevin Warsh to be Federal Reserve chairman until the Trump administration drops its investigations into current Chairman Jerome Powell...

The Fair Credit Reporting Act is a critical consumer protection law that supports responsible lending, and policymakers should avoid changes that could restrict credit availability by reducing data accuracy or adding complexity, banker Veneshia Ferdinand told House lawmakers...

The OCC has terminated the lease on the CFPB’s headquarters six years early, according to government records obtained by Reuters news agency.