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MCLEAN, Va.--The 30-year fixed-rate mortgage rate continued to drop this past week, averaging 6.30%, Freddie Mac said.

WASHINGTON--This week, the Defense Credit Union Council addressed several key policy issues impacting credit unions and the communities they serve. 

NEW YORK— U.S. light-vehicle sales fell 13.9% year over year in March to an estimated 1.39 million units, though the decline was less severe on a selling day adjusted basis, down 10.5%, as March had one fewer selling days than a year earlier, according to GlobalData.

SAN FRANCISCO—After CUToday.info reported that Anthropic was withholding public release of Claude Mythos Preview because of its cyber capabilities, Reuters is now reporting the more immediate risk for financial institutions may be how the model could turn the financial industry’s own legacy technology complexity into a force multiplier for AI-powered attacks. '

WASHINGTON— The FDIC has rescinded Biden-era supervisory guidance that warned banks they could face scrutiny for charging multiple nonsufficient funds (NSF) fees when the same unpaid transaction is re-presented more than once, rolling back a consumer-compliance policy that had become a flashpoint with the banking industry.

WASHINGTON— A federal judge in Washington has moved Bank of America and the FDIC closer to wrapping up their long-running fight over underpaid deposit insurance assessments, ruling the bank must pay interest on the roughly $540 million it owes using one formula for the period before judgment and a different federal rate after judgment, Law360 reported.

WASHINGTON--The House Financial Services and General Government (FSGG) Subcommittee is expected to mark up its FY27 bill starting Friday, and credit unions are encouraging members to fully fund the Treasury’s Community Development Financial Institution (CDFI) Fund.

WASHINGTON— President Donald Trump said this week that rapidly advancing artificial intelligence could pose new risks to the U.S. financial system, while also arguing the technology could ultimately make banking “better and safer and more secure,” according to Reuters.