In this week’s banking news roundup: Rohit Chopra is named senior advisor to the Democratic Attorneys General Association’s working group on consumer protection and affordability; Flagstar Bank’s private-banking division adds two additional wealth-planning capabilities; Chime promotes three members of its executive leadership team; and more.
Democratic AGs hire former CFPB Director Chopra Read More »
Mortgage stakeholders are applauding President Trump’s latest executive order seeking to curb state-level regulation around artificial intelligence. Processing Content The Trump Administration will target state laws and challenge them in court, and withhold certain grant funding for states with AI laws it deems onerous, according to the order signed Thursday. The directive suggests existing state
Trump targets “onerous” state AI laws, wins lender support Read More »
The Federal Housing Administration has officially established the 2026 limits for loans that it insures, including traditional products and those originated through its reverse mortgage program. Processing Content The administration set the core limits for single-unit properties in low- and high-cost areas at $541,287 and $1,249,125, respectively. Those limits are based on 65% and 150%
Federal Housing Administration sets loan limits for 2026 Read More »