May 2026

New-home sales declined by more than forecast in April

Sales of new US homes declined in April by more than forecast as builder incentives failed to motivate potential buyers at the start of the spring selling season. Processing Content Purchases of new single-family homes decreased 6.2% from March to a 622,000 annualized pace, according to government data released Thursday. Economists expected a 660,000 rate, […]

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Russell Vought

CFPB sued over new rule that would weaken fair-lending laws

Russell Vought, acting director of the Consumer Financial Protection Bureau.Bloomberg News Processing Content Key insight: The new CFPB rule protects lenders from being penalized for unintentional discrimination, including in cases involving automated algorithms and credit models. What’s at stake: The new rule narrows the legal definition of “discouragement,” making it easier for banks to avoid

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