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OCC Releases CRA Performance Evaluations for 13 National Banks and Federal Savings Associations
October 1, 2026 / Source: OCC
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of September 1, 2026, through September 30, 2026. Under the CRA, the OCC assesses an institution’s record of meeting the credit needs of its entire community, including low- and…
Treasury Announces the Completion of Automatic Enrollment Today for Trump Accounts
October 1, 2026 / Source: U.S. Department of the Treasury
WASHINGTON — Today, the U.S. Department of the Treasury announced the completion of automatic enrollment for Trump Accounts, expanding access and creating a pathway for philanthropic contributions to invest in the financial futures of millions of American children. Trump Accounts are tax-advantaged investment accounts for American children under the age of eighteen. Claiming a child’s account…
Operation Economic Outcast Takes Unprecedented Action Against Sanctions Evasion Network Used by Iran
October 1, 2026 / Source: FinCEN
Today, as part of Operation Economic Outcast, the U.S. Department of the Treasury took unprecedented action against the A7 Network, a shadow banking network with ties to Russia used by the Iranian regime to evade sanctions. Treasury’s Financial Crimes Enforcement Network (FinCEN) proposed a rule that would prohibit transmittals of funds regarding transactions involving the…
Mortgage Rates Average 7.28%
October 1, 2026 / Source: Freddie Mac
MCLEAN, Va., Oct. 01, 2026 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.28%. “With mortgage rates on their current trajectory, the housing market continues to be supported by favorable economic conditions,” said Sam Khater, Freddie Mac’s Chief…