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WASHINGTON—Rep. Maxine Waters (D-CA), the ranking member of the House Financial Services Committee, has sent a letter to Acting CFPB Director Russell Vought, voicing concern over reports that he may use the government shutdown as an opportunity to furlough Bureau employees.

Screenshot 2025-10-02 070745

Patrick Pierce

iStock-zimmytws

iStock-zimmytws

On October 1, 2025 – the day after Congress missed its deadline to reauthorize the National Flood Insurance Program (NFIP) – federal regulators issued an unusual reminder to banks, credit unions, and other lenders. They confirmed that lenders may continue making mortgage loans on properties in flood zones even while the NFIP is offline.

ATLANTA—The $31-million 1st Choice Credit Union here has merged into $739-million Hope Federal Credit Union, based in Jackson, Miss., NCUA announced.

MCLEAN, Va.--The 30-year fixed-rate mortgage (FRM) increased this past week, averaging 6.34%, Freddie Mac reported.