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House, Senate committee hearings underway this week
The House and Senate’s banking committees this week are scheduled to host their first hearings of the 118th Congress.
ICBA requests clarity on HUD appraisal guidance
ICBA called on the Department of Housing and Urban Development to clarify lender obligations under draft guidance on borrower requests for Reconsideration of Value, or ROV, of appraised properties...
Proposal would require banks to verify U.S. Treasury checks
The Treasury Department’s Bureau of the Fiscal Service issued a proposed rule to amend its regulations governing the payment of checks drawn on the U.S. Treasury.
Fed raises interest rates 25 basis points
The Federal Open Market Committee raised the federal funds rate target by 25 basis points to a range of 4.5% to 4.75%.