Although the federal government is on high alert for possible terrorist attacks on key financial institutions, Treasury officials want the markets to continue to operate as usual."I applaud the financial services industry for remaining open for business," Treasury Secretary John Snow said Monday morning. The Treasury secretary said he is working closely with the Department of Homeland Security and others to monitor the situation. "Federal regulators and law enforcement officials will continue to work closely with financial market participants to quickly respond to any potential market disruptions," Secretary Snow said. At Freddie Mac, "it is business as usual," a spokesman said.
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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.
11h ago -
The notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company's network.
July 11