Mortgage rates decline
The rate for a 30-year fixed-rate mortgage was 6.23% this week. The rate for a 15-year fixed-rate mortgage was 5.58%.
Newsbytes
FDIC issues relief guidance for Mississippi, Tennessee banks affected by storms
The FDIC released guidance with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of...
Agencies ease federal restrictions on state-regulated marijuana products
The Department of Justice and Drug Enforcement Administration announced they have reclassified marijuana and marijuana products regulated by state medical...
HUD, FHFA roll out plans for new credit scoring in mortgages
HUD will adopt FICO 10T and VantageScore 4.0 for FHA loans. Fannie Mae and Freddie Mac will begin using VantageScore 4.0 immediately and the...
House Republicans unveil data privacy bills
The proposed laws would work in concert to create a national privacy standard for banks to follow rather than the...
Bankers seek to communicate MDI value at D.C. summit
Representatives from minority depository institutions gathered in Washington, D.C, this week for the fifth annual MDI Partnership Summit, where they...
Senators press Bessent on proposed CDFI Fund cuts
Treasury Secretary Scott Bessent faced questions from senators on both sides of the political aisle about the administration’s proposed budget...
DOJ extends deadline for state, local government digital accessibility rule
The Department of Justice extended by a year the compliance deadlines for a recent revision to the regulation implementing Title...
Rep. Scott dies at age 80
Former House Agriculture Committee Chairman David Scott (D-Ga.) has died at age 80, House Democrats announced. Scott was a member...
House committee advances ABA-backed bill to ease Section 1071 reporting burden
The House Financial Services Committee voted 26-22 to advance legislation to exempt certain lenders from small-business lending data reporting requirements.
