Hearings scheduled on FinCEN oversight, Fed discount window
The House Financial Services Committee will hold an oversight hearing Wednesday on the Financial Crimes Enforcement Network and Office of...
Newsbytes
ABA backs bills to prevent abuse of mortgage ‘trigger leads’
ABA urged Congress to pass legislation to ban the practice of credit reporting firms selling consumer contact information to lenders...
FCC rules that consent is required for AI-generated voices in outbound calls
The FCC issued a declaratory ruling concluding that speech generated by artificial intelligence falls under the Telephone Consumer Protection Act’s...
Mortgage rates mixed
The rate for a 30-year fixed-rate mortgage was 6.64% this week, up slightly from last week when it averaged 6.63%.
FinCEN proposes new residential real estate reporting requirements
FinCEN proposed a new rule to require certain professionals involved in real estate closings and settlements to report information to...
ABA to FCC: Protect critical calls to bank customers
ABA and seven trade associations urged the FCC to protect the ability of banks to place critical calls—such as fraud...
Commerce Department launches AI safety consortium
The Department of Commerce announced the creation of the U.S. AI Safety Institute Consortium, an advisory group with representatives from...
Recording of FDIC, CFPB tax webinar now available
A recording of the FDIC’s and CFPB’s Jan. 29 webinar, “Tax Time and EITC: Bankable Moments and Resources for Consumers,”...
Consumer credit increased in December
Consumer credit increased by 2.4% in 2023, the Federal Reserve reported. Consumer credit increased at an annual rate of 0.4%
U.S. international trade deficit increases in December
The international trade deficit was $62.2 billion in December, up from $61.3 billion in November, the Commerce Department announced.
