CFPB to curtail credit card late fee safe harbor
The CFPB released a final rule sharply reducing allowable late fees on credit card payments. ABA said the rule is based on flawed data.
The CFPB released a final rule sharply reducing allowable late fees on credit card payments. ABA said the rule is based on flawed data.
The ISM nonmanufacturing index decreased 0.8% from the prior month to land at 52.6% in February, the Institute for Supply Management said.
New orders of manufactured goods decreased $21.5 billion, or 3.6%, from the prior month to $569.7 billion in January, the Commerce Department said.
North Valley Bancshares agrees to buy Commodore Financial Network in Ohio; Southern States Bancshares in Alabama to purchase CBB Bancorp.
Federal Reserve regulators get “a failing grade” for their policy response to last year’s bank failures, House Financial Services Committee Chairman Rep. Patrick McHenry (R-N.C.) said.
Two dozen House lawmakers called on federal regulators to investigate the nation’s largest credit union following reports of racial disparities in its lending practices.
According to the CBO, the projected size of the labor force will be larger by 1.7 million workers in 2024 than the agency expected one year ago, due to the influx of migrant workers
The University of Michigan Consumer Sentiment Index decreased 2.7% in February compared to the month prior, landing at 76.9, according to final results for the month.
Construction spending in January was at a seasonally adjusted annual rate of $2.1 trillion, 0.2% below the revised December estimate, the Commerce Department said.
U.S. manufacturing activity continued contracting for the 16th consecutive month in February, the Institute for Supply Management said.