A proposal to tie cancellation of private mortgage insurance policies to automated valuation models would add unnecessary risk to mortgage portfolios and would result in less, not more, affordable housing.

The Trump administration's nominee to lead the Consumer Financial Protection Bureau, Jonathan McKernan, is seen as an institutionalist with a deep knowledge of policy. But whether he keeps the bureau shuttered or rebuilds it is uncertain.

Federal Reserve Chair Jerome Powell said insurance companies and banks are already pulling out of disaster-prone areas, which could pose problems.

Lawmakers, citing past failures, say FDIC staffing shortages weaken oversight.

Post-inauguration day, employers are still being loud about their support for comprehensive benefits for their workforce.

The FEMA-operated program has over 4.7 million policies in force, and lawmakers have kept it intact via dozens of short-term extensions since 2017.

The Federal Open Market Committee cut the fed funds target again in December but signaled fewer cuts in 2025. There was some dissent. The markets are watching to see if the Federal Reserve pauses its easing cycle in January. Brian Rehling, head of global fixed-income strategy at Wells Fargo Investment Institute, recaps and parses the previous day's FOMC meeting and Fed Chair Jerome Powell's press conference.

A multi-state coalition of insurance commissioners issued a joint letter to the Department of Government Efficiency advising the closure of the Federal Insurance Office.

Clean energy transition to continue despite likely policy changes under new administration.

California's IBank has partnered with an insurer and fire resilience fund to pay for fire resilience programs.