Economic news

The agency’s new guidance would limit some nonprofits’ ability to help borrowers pay their down payments, leading to higher home costs.

The president says the Fed is giving China a competitive advantage; bank stocks gained after tariffs on Mexican imports nixed.

The banking industry isn't prepared to transition away from a key financial benchmark in 2021, and steps need to be taken now to avoid market disruptions.

The head of Fannie Mae and Freddie Mac’s regulator blamed “burdensome” local regulations for a lack of housing supply, and also provided an update on the administration’s plan for GSE reform.

The Federal Communications Commission is expected to consider changes that would allow consumers to block calls from numbers not on their contacts list while the House should vote to extend the National Flood Insurance Program.

Although Libor will will not be phased out until at least 2021, Randal Quarles said making the switch early is "consistent with prudent risk management."

In a presentation Thursday, co-COO Gordon Smith expanded on Jamie Dimon's recent comments about frustrations in the mortgage market, was upbeat about branch profitability and discussed some of the bank's Chase Pay challenges.

Uber Technologies Inc. is going nationwide with a program that helps those without a car — or the financial means to get one — drive for the ride-hailing giant.

One credit union economist says tit-for-tat on tariffs could slow economic growth but will not result in an economic downturn.

Payment solutions that lower the cost of electronic payments through exchange rate transparency ultimately improve the buyer’s relationships with their suppliers, writes Nvoicepay's Alyssa Callahan.

At a time when costs continue to soar and regulators weigh reforms for Fannie Mae and Freddie Mac, more than half of the Democratic presidential candidates have talked about housing on the campaign trail.

New president suggests less regulation and meets with bank leaders; state and city check for illegal lending activity.

Ahrendts, 58, joins the home-sharing startup after a five-year stint overhauling Apple Inc.’s retail operations.

The Italian family that founded a bank in the 14^th century and pioneered branches and letters of credit is now setting up a tech-forward, crypto-friendly disruptor in the United States.

The White House is considering conservative economist Judy Shelton to fill one of the two vacancies on the Federal Reserve Board of Governors.

As fintechs race to reinvent transit payments, Uber's laying the groundwork in Denver to make sure it takes a leading position.

Solving open banking's challenges requires a whole new approach to international payments beyond basic open development, says Marten Nelson, co-founder of Token.io.

The Senate has confirmed a new president and two board members, giving the U.S. Export-Import Bank the ability to approve loan guarantees of more than $10 million for the first time since 2015.

Big banks may have found a way to lower needed reserve levels; with Brexit delayed, Goldman will hold off on expansion.

Transaction fraud, attacks, compliance and political uncertainty are a toxic mix, argues Ian Stone, CEO of Veualta.