Federal report identifies CRE, cybersecurity as financial stability risks
Commercial real estate and cybersecurity risks remain potential vulnerabilities for the U.S. financial system, the Office of Financial Research said...
Newsbytes
CFPB finalizes rule to regulate nonbank payments providers
The CFPB finalized a rule that will allow it to regulate large nonbank firms that provide digital payments services, but...
Gensler to exit SEC on Jan. 20
The Securities and Exchange Commission announced that Chairman Gary Gensler will step down from the commission on Jan. 20, 2025.
FHA extends compliance deadline for face-to-face requirement for borrowers in default
FHA has extended by six months the compliance deadline for a new rule removing the face-to-face meeting requirement for certain...
Mortgage rates rise
The rate for a 30-year fixed-rate mortgage was 6.84% this week. The rate for a 15-year fixed-rate mortgage was 6.02%.
Existing home sales rose 3.4% in October
Existing home sales increased 3.5% in October to a seasonally adjusted annual rate of 3.96 million, the National Association of...
ABA, associations: Proposed brokered deposit rule violates law and should be withdrawn
An FDIC proposal to expand the definition of brokered deposits not only fails to justify the reason for the change,...
New York Fed: Credit demand held steady but rejection rates rose in 2024
Credit demand remained stable in 2024 but consumers reported higher rejection rates and said they are less likely to apply...
Fed’s Bowman: Public input harmed when regulators release flood of proposed rules
When banking agencies overwhelm the rulemaking process “by publishing thousands of pages of rulemakings in a short period of time,”...
NCUA’s Harper asks for ‘flexibility’ if Community Reinvestment Act applied to credit unions
The nation’s top official in charge of supervising credit unions asked for “flexibility” should Congress decide to apply the Community...
