Mortgage rates slip

OFAC implemented sanctions against a network of alleged Southeast Asian scam centers that steal billions of dollars from U.S. residents using forced labor and violence.

FinCEN issued a new geographic targeting order covering the Southwest U.S. border, which comes after the original order was challenged in federal court.

Consumer credit increased at a seasonally adjusted annual rate of 3.8% in July, the Federal Reserve reported.

FinCEN issued a notice to help financial institutions detect and disrupt a financially motivated type of extortion in which victims are coerced into sending explicit images of themselves.

Consumer inflation expectations in August ticked up at the short-term horizon and remained unchanged at the medium- and longer-term horizons, according to the Federal Reserve Bank of New York’s most recent Survey of Consumer Expectations.

The OCC issued two bulletins for financial institutions “to eliminate politicized or unlawful debanking in the federal banking system.”