Two months after vowing to kill the previous administration’s rule on the sharing of customer data between banks and fintechs, the Consumer Financial Protection Bureau is revisiting the issue. The agency says it plans to write a new advanced notice of proposed rulemaking, a starting point for a new rule, in three weeks. The CFPB […]
The CFPB intends to start writing a new data-sharing rule Read More »
Wednesday brought another incremental increase in the level and importance of the calendar events with the power to create volatility for rates. Some of the events were economic reports out earlier in the morning. The other 2 events consisted of the Fed’s policy announcement and the subsequent press conference with Fed Chair Powell. The economic
Mortgage Rates Sideways to Slightly Lower Read More »
Housing regulator Bill Pulte showed new frustration with Federal Reserve Chairman Jerome Powell and the latest decision to keep short-term rates unchanged on Wednesday, adding to pressure President Trump has been putting on the monetary policymaker to lower them. This time Pulte used his social media account on X to take issue with the way
Pulte takes issue with Powell statement on Fed housing role Read More »