The Senate has passed a defense appropriations bill that includes $29 billion in hurricane disaster assistance for the Gulf Coast states.The disaster assistance package includes $11.5 billion in Community Development Block Grant funds that the states and local governments can use to rebuild communities and housing. The Defense Department bill now goes back to the House for final passage, which is expected before Congress adjourns for the holidays. The House also has to vote again on the $40 billion deficit reduction bill, which contains deposit insurance reform provisions. The Senate made minor changes to the deficit reduction bill before passing it Dec. 21. It is likely that final passage will be delayed until Congress returns in February.
-
A federal judge in Texas dismissed the Consumer Financial Protection Bureau's medical debt rule and prohibited states from passing their own laws prohibiting medical debt on credit reports.
6h ago -
Dr. Mark Calabria takes on the additional role of chief statistician of the United States; retired Ally Bank executive Diane Morais has joined First Citizens Bancshares' board of directors; MainStreet Bank has promoted Alex Vari to chief financial officer; and more in this week's banking news roundup.
9h ago -
While refinances are behind the latest increases, the pace of purchase activity may be a stronger indicator of where the housing market sits.
11h ago -
The share of economists expecting a September rate reduction grew in the July Wolters Kluwer survey, but the October or later percentage also increased.
11h ago -
Rising home prices and softening sales offer a mixed view of a market that some say is shifting to favor buyers.
July 11 -
The notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company's network.
July 11