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Bond traders now see a roughly 60% chance of an emergency quarter-point cut by the Federal Reserve within one week because of the market turmoil.
August 5 -
Shares in U.S. banks weren't immune to a global market sell-off, as worries mounted over whether the U.S. economy's recent resilience is faltering. The turmoil hit some tech stocks hard and led to the worst day for Japanese stocks since the 1980s.
August 5 -
The top six states have an average monthly mortgage payment of $3,127.
August 5 -
United Wholesale Mortgage, Celink, Cenlar and others are utilizing artificial intelligence to streamline call center operations.
August 5 -
New insurance written in the second quarter was only 2% lower year-over-year, the smallest drop in nearly three years.
August 5 -
The Consumer Financial Protection Bureau has received more than 11,000 comment letters on its proposal on personal financial data rights, but banks say the agency should ensure that more fintech partners take on their fair share of the rule's compliance burden.
August 4 -
There were reports of rates plummeting after new numbers Friday showed a notable drop in overall jobs but then moderating later in the day.
August 2 -
Industry participants say more direct communication between fintechs and federal regulators could help avoid bad outcomes. Some underused legal tools could help bridge the gap.
August 2 -
Nine federal regulatory agencies are requesting comment on a rule that would create data standards for supervisory information collected and submitted to financial regulators.
August 2 -
Inflation and housing affordability are the two top election-year issues among home buying consumers, according to a new report from Veterans United Home Loans.
August 2