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Sheehy housing legislation aimed at vets passes Senate

The first piece of legislation Sen. Tim Sheehy introduced as a senator, an effort to increase VA Home Loan awareness, has passed the U.S. Senate as part of a broader package of housing legislation, his office announced. The legislation, co-led by Sen. Chris Van Hollen, a Maryland Democrat,

German central bank abandons controversial overhaul

German central bank abandons controversial overhaul

Germany's central bank said Wednesday it was abandoning a project to renovate its historic Frankfurt headquarters after furious criticism over costs that could spiral into the billions, and would instead move permanently to a new site. The enormous 1970s brutalist concrete building had become synonymous with the Bundesbank

British fintech Revolut gets full UK banking licence

British fintech Revolut gets full UK banking licence

British fintech company Revolut on Wednesday said it had obtained a full UK banking licence from regulators, lifting restrictions on it competing with established retail lenders. "This milestone means that Revolut Bank UK... will be able to start offering accounts as a fully licensed bank for both retail and

Polling shows voters want 10% interest rate cap, groups say

(The Center Square) – Nearly two-thirds of voters support a 10% cap on credit card interest rates, even if it means fewer rewards programs or tougher access to credit. The poll, conducted by Data for Progress and commissioned by Groundwork Collaborative and Protect Borrowers, also found that nearly half of

March Mortgage Outlook: Lower Rates Ahead

We're seeing interest rates on 30-year, fixed rate mortgages start with fives for the first time in three-and-a-half years, and rates' downward trajectory is likely to continue in March. I'm not anticipating any major moves — just a continuation of what we

ECB books third straight annual loss

ECB books third straight annual loss

The European Central Bank said Thursday it booked its third straight loss in 2025 due to the lingering impact of a record run of interest rate hikes. The ECB lost 1.25 billion euros ($1.47 billion) last year, although this was sharply down from an all-time shortfall of

Trump administration considers selling some student debts to private sector

(The Center Square) – The Trump administration confirmed Monday that it is considering selling portions of the nearly $1.7 trillion federal student loan portfolio to private sector companies. While the private investors would gain ownership and collection rights over the loans, the original federal terms of the loans would theoretically