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NEW YORK—The electric vehicle revolution, once a runaway narrative in the automotive industry, is now encountering a patch of rough road. General Motors’ quiet retreat from its bold 2035 all-EV pledge—announced this month alongside a $4-billion investment largely focused on gas-powered vehicles—has reignited questions about the future of EVs and what a recalibration could mean for resale values and lenders’ portfolios.

WASHINGTON--The Federal Reserve voted Wednesday to advance a proposal that would reduce a banking capital rule—the enhanced Supplemental Leverage Ratio (eSLR)—for big banks.

WASHINGTON--“For too long, community financial institutions have been under a regulatory onslaught that has forced many to close or merge,” America’s Credit Unions President/CEO Jim Nussle wrote to the House Financial Services Committee Subcommittee on Oversight and Investigations ahead of a hearing focused on the CFPB.

WASHINGTON—Mortgage applications increased 1.1% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 20, 2025. 

MCLEAN, Va.--The 30-year fixed-rate mortgage decreased this week, averaging 6.77%, Freddie Mac reported.