Industry News

Fed Likely to Preach Patience on Rate Cuts

Fed Likely to Preach Patience on Rate Cuts

By Christopher Rugaber | The Associated Press | March 18, 2024 | Reprints

Across the United States, many people are eagerly anticipating the Federal Reserve’s first cut to its benchmark interest rate this year: Prospective home buyers hope for lower mortgage rates. Housing developers looking to get shovels in the ground.

NAR Settles Commission Lawsuits

NAR Settles Commission Lawsuits

By James Sanna | March 15, 2024 | Reprints | Unlock Link

The National Association of Realtors abruptly reversed course Friday morning, announcing it was settling all lawsuits against it over real estate commissions for a substantially smaller sum than it would have paid under a preliminary verdict announced last year.

CFPB Seeks $8 Credit Card Late Fee Cap

CFPB Seeks $8 Credit Card Late Fee Cap

By Ken Sweet and Josh BOak | The Associated Press | March 5, 2024 | Reprints | Unlock Link

The Biden administration announced a rule Tuesday to cap all credit card late fees, the latest effort in the White House push to end what it has called “junk fees” and a move that regulators say will save Americans up to $10 billion a year.