New Home Sales Increased in May

New single-family home sales rose to a seasonally adjusted annual rate of 610,000 in May, according to the U.S. Census Bureau and the Department of Housing and Urban Development. The May level was 2.9% above the revised April rate of 593,000 and 8.9% above the May 2016 level. Sales grew in two regions, 6.2% in the South and 13.3% in ...

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OCC, CSBS Exchange Views on OCC’s Special-Purpose Charter

The OCC’s proposed limited-purpose charter for fintech companies was the subject of a lively discussion at the American Bankers Association’s Payments Forum today, as regulators from the OCC and Conference of State Bank Supervisors exchanged at-times opposing views.

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ABA, Trade Groups Support Proposed CFPB Structural Change

In a joint financial trade association letter to House and Senate Appropriations Committee leadership today, ABA supported the inclusion of language in the fiscal year 2018 spending bill that would transition the Consumer Financial Protection Bureau to a bipartisan, five-member commission.

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