McLEAN, Va. - (03/03/06) Mortgage rates remain littlechanged this week, with long-term rates falling only slightly andshort-term rates rising a little bit, according to Freddie Mac. Theaverage for the benchmark 30-year, fixed-rate mortgage dippedslightly this week to 6.24%, from 6.26% last week, while theaverage for the 15-year, fixed-rate loan remained unchanged at5.89%. The average for the five-year ARM rose to 5.97% this weekfrom 5.96% last week, and the average for the one-year ARM moved to5.34%, from 5.32%.
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A White House executive order issued Friday afternoon directing regulators to ease Dodd-Frank compliance burdens comes as a bipartisan housing bill advances on Capitol Hill.
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The bank and fintech entered an agreement to expand open banking ahead of the CFPB's new 1033 rule and announced joint fraud-combatting product improvements.
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A federal judge wrote in an opinion that a "mountain of evidence" suggests the subpoenas were an effort to push Federal Reserve Chair Jerome Powell to lower interest rates or resign.
March 13 -
Investors claim JPMorganChase collected fees while ignoring suspicious transfers linked to a $328 million crypto Ponzi scheme.
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Federal bank enforcement actions have dropped sharply since the start of the second Trump administration, but experts' views vary about whether less enforcement will result in a buildup of risk in the financial system.
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Billy Beale, who was hired to clean up Virginia-based Blue Ridge Bankshares after its failed foray with fintechs, has left the $2.4 billion-asset company. His successor is Harry Golliday, who was named interim CEO.
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