ABA DataBank: Fed rate hike reset
Hotter-than-expected inflation data in April pushed financial markets to sharply revise expectations for Federal Reserve monetary policy.
Newsbytes
OCC finalizes rules citing federal preemption of state interest-on-escrow laws
The OCC finalized two rules to clarify that national banks are exempt from state laws regulating real estate escrow accounts....
ABA, associations offer recommendations for streamlining FHA financing
As part of a recent Trump administration push to expand access to mortgage credit, the Federal Housing Administration should modernize...
Industrial production rose 0.7% in April
Industrial production increased 0.7% in April after decreasing 0.3% in March. In April, manufacturing output rose 0.6%, the index for...
FDIC updates signage rules Q&A to reflect recent changes
The FDIC has updated the Q&As for its signage and advertising requirements to reflect recent changes to the regulation.
Mortgage rates slip
The rate for a 30-year fixed-rate mortgage was 6.36% this week. The rate for a 15-year fixed-rate mortgage was 5.71%.
House releases text of amended housing bill ahead of vote
House leadership has released the text of its amendment for a bipartisan housing bill ahead of a possible vote on...
FDIC releases study of 2023 bank failures
The FDIC released a detailed analysis of the 2023 spring bank failures, finding that depositors with “substantial” uninsured funds were...
Senate Banking Committee advances Clarity Act
The Senate Banking Committee voted 15-9 to advance a market structure bill for digital assets. ABA and other groups continued...
Miran resigns from Federal Reserve Board
Federal Reserve Governor Stephen Miran submitted his resignation as a member of the Fed board, effective when his successor is...
