McLEAN, Va. - (02/17/06) -- Long-term mortgage rates inched upagain this week, to their highest level this year, according toFreddie Mac. The average for the 30-year, fixed-rate mortgageincreased to 6.28% this week, from 6.24% last week; while theaverage for the 15-year, fixed-rate loan rose to 5.91%, from 5.83%.ARM rates also moved higher, with the five-year ARM rising to5.95%, from 5.89% last week; and the average for the one-yearaverage going to 5.36% from 5.34%.
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The Minneapolis-based company has promoted Kedia to president, a role that CEO Andy Cecere and his predecessor both held before being named to the top job.
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The Consumer Financial Protection Bureau's overdraft proposal would set fees at $14. With fee income under attack from many sides, bankers say they would have to further restrict credit.
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In a surprise move, the Federal Deposit Insurance Corp., Office of the Comptroller of the Currency and Federal Housing Finance Agency proposed a long-awaited rule to curb certain incentive-based pay arrangements for bank executives.
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The $1.1 billion-asset Vibrant is working with the San Francisco-based distributed ledger development firm Metallicus through its Metal Blockchain Banking Innovation Program to examine use cases.
May 6 -
Forty companies made the 2024 edition of American Banker's annual list of enviable workplace cultures in the financial technology space. Here is a look at some of what makes these firms employers of choice.
May 6 -
Incumbents face the challenge of updating their infrastructure for digital payments, while newcomers are pushing to compete by using artificial intelligence, cloud hosting and other technologies.
May 6