Merchant groups have filed suit against the Office of the Comptroller of the Currency and National Credit Union Administration, saying the agencies exceeded their authority in exempting banks and credit unions from Illinois’ interchange fee law.
“Cities throughout California must play by the same set of rules,” said Tamara Suminski, C.A.R.’s president and a Southern California broker and REALTOR®, in a statement accompanying the lawsuits. Three cities, three legal theories Each city is accused of a distinct form of non-compliance. In San Diego, the nonprofit alleges the city applied a “walking…
Home ownership is the top five-year financial goal for 31 per cent of lower-middle-class Indians, according to a survey published on Tuesday. Home Credit India’s fourth edition of “The Great Indian Wallet 2026” said that the share has risen by 8 percentage points from last year, marking the largest increase among the…
My top 10 things to watch Wednesday, Nov. 4 1. Were the midterms a clearing event on Wall Street? Enough big money was waiting for the election to come and go that it might serve as such, even as the Democrats taking the House and Senate was seen as bad for the AI trade. Futures…
Major salmon farmers introduce chicken feed despite consumer concerns
Key Insight: How a USDA pilot program expansion shifts closing authority to select lenders. Expert Quote: “Approved lenders will take greater responsibility for loan origination and approval, reducing delays.” — George Kelly, rural housing service administrator at the USDA Some lenders may have a competitive advantage when it comes to serving homebuyers in rural areas….
By Bhaskar Dutta, Subhadip Sircar and Anup Roy Over the past two years, India’s central bank built one of the world’s largest bearish dollar bets to support a persistently weak rupee. It now faces the challenge of unwinding that position without destabilizing the currency market. With a spate of recent…