FDIC Finalizes Limits on Qualified Financial Contracts

Comptroller of the Currency Jonathan Gould dismissed concerns raised by bank advocates and others about allowing digital asset firms to establish national trust banks, saying that limiting such activity would “undermine the dynamic and evolving nature of the...

The survey found that 23% of bank customers and 29% of credit card customers said they had not taken any security measures to secure their accounts.

Consumer inflation expectations in November remained unchanged at the short-, medium- and longer-term horizons, although consumers expect medical costs to rise sharply in the future, according to the Federal Reserve Bank of New York’s most recent Survey of...

The FDIC and the Office of the Comptroller of the Currency rescinded guidance on leveraged lending issued more than a decade ago, saying it was too restrictive.

Consumer credit increased at a seasonally adjusted annual rate of 2.2% in October. Revolving credit, largely a reflection of credit card debt, increased at an annual rate of 4.9%.

Volatility measures began rising in late October after Fed Chair Powell stated that a rate cut in December was not a foregone conclusion.