The rate for a 30-year fixed rate mortgage was 6.55% this week, up from 6.49% last week. according to Freddie Mac. A year ago, the rate was 6.75 percent. The rate for a 15-year fixed-rate mortgage was 5.93%, up from 5.82% last week. A year ago, the rate was 5.92 percent. Source link
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Credit card rate caps and overdraft protection fees ultimately hurt the people they’re supposed to protect by limiting access to credit and driving consumers to unregulated entities, Senate Banking Committee Chairman Tim Scott (R.C.) and Consumer Financial Protection Bureau Acting Director Russell Vought said today. Vought appeared before the committee on the second day of […]
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Proposed legislation to adjust banking regulations and encourage de novo bank formation would promote economic growth in communities across the country, the American Bankers Association and 52 state bankers associations said today in a joint letter to House leaders. Law on Access to the Capital Main Street (HR 6955) brings together several proposals previously presented […]
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Whenever I plan a trip to a city, I review Airbnb experiences in that location. I’ve used the platform for almost a decade as a way to gauge what can be done (in addition to my other travel research). My first Airbnb experience was an overnight kayaking trip through Miami in 2017, and since then […]
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The Federal Reserve, the FDIC and the Office of the Comptroller of the Currency today announced a “coordinated approach” to handling sensitive information used in bank audits, including a new pledge to notify banks of data breaches that threaten to reveal that information. Joint statement it comes more than a year after the OCC notified […]
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Airport lounges can seem crowded and boring these days. But the Portal Lounge at Minneapolis-Saint Paul International Airport (MSP) is trying to change that. It’s fun and futuristic (and available with Priority Pass), with a section dedicated to video games and a robot bartender serving drinks. If that concept sounds somewhat familiar, that’s because it […]
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Although sentiment has softened somewhat, local bankers across the country remain largely optimistic about future economic conditions, according to the latest quarterly survey by the Conference of State Bank Supervisors. Second quarter Bank sentiment index in the community was 129, down slightly from 131 in the previous quarter and four points below the record high […]
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Builder confidence in the newly constructed single-family home market was 34 in July, down two points from an upwardly revised reading of 36 in June, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released today. Sentiment has remained below 40 for 15 consecutive months, the longest such stretch since […]
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Forward estimates of US retail and foodservice sales for June 2026, adjusted for seasonal variations and differences between holidays and trade days but not for price changes, were $768.6 billion, up 0.2% from the previous month and up 6.7% from June 2025. Total sales for April 2026 to June 2026 increased 6.4% compared to the […]
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Author: Maggie Chan The current risk and compliance environment – an age of regulatory resets and rapidly evolving technology – is the best time to rethink the roles of risk and compliance in a bank of any size. Risk and compliance can help a bank achieve strategic goals and efficiency, but they must move beyond […]
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