Spring’s hot housing market just ran into a problem
Mortgage rates rising nearly 40 basis points from early-year lows have pushed some buyers out of the market, even as inventory and affordability remain better than a year ago, ICE Mortgage Technology found.
Trump budget includes cuts to CDFI Fund
The White House’s proposed 2027 budget would slash funding to the Community Development Financial Institutions Fund, the latest in an ongoing campaign from the Trump administration to dismantle the politically popular program.
More than half of US bankers say AI is a priority
American Banker’s 2026 AI Talent Shift survey finds that most institutions upped spending on artificial intelligence by at least 10% over the last year.
How legacy payment systems expose banks to fintech rivals
Tech overhauls aren’t easy, financial tech experts say it’s necessary to compete effectively with digital-focused firms.
Treasury picks BNY, Robinhood for Trump accounts rollout
The partnership between the long-established bank and the fintech brokerage will handle the development of the government-owned account platform behind the new government-seeded retirement accounts for children.
The Biden fiduciary rule is officially dead. What comes next?
The Trump DOL has said it “has no current plans” for further rulemaking, but that contradicts its own notice of potential regulation last year.
Mexico is about to leapfrog over the US in real-time payments
Across Latin America, central bank-led instant payment networks have seen enormous growth. The next breakout market is Mexico. If bankers in the U.S. want to see the future of consumer payments, they should look south.
Consumers are watching their wallets
Consumer credit-card balances are down, a sign consumers are pulling back on spending amid rising gas prices and the Iran war.
Rocket leads UWM in 2025 HMDA loan count, trails in volume
United Wholesale Mortgage lost ground to RKT in one category but held onto a healthy lead in another, an analysis of Home Mortgage Disclosure Act data shows.
Sunshine Act Notice: FDIC Board of Directors Meeting
SUNSHINE ACT MEETING NOTICE The FDIC Board of Directors will meet in an open session: Date and Time: Tuesday, April 7, 2026 | 1:00 p.m. ET Place: The Board meeting will be open to public observation by webcast. Members of the media should contact the Office of Communications by Monday, April 6, at MediaRequests@FDIC.gov to attend […]