Newsbytes

Small Business Optimism Held Strong in March

The NFIB Small Business Optimism Index decreased 0.6 points in March to 104.7, maintaining the high level of post-election optimism. Three of the ten index components rose, while five declined. Reported job creation has improved, as 51% of businesses reported hiring or trying to hire. However, 45% reported few or no qualified applicants for the positions they were trying to ...

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ABA Urges Treasury, Regulators to Fix Capital Rule Problems

As part of the banking industry’s continuing response to President Trump’s executive order outlining “core principles” for financial regulation, ABA provided recommendations to the Treasury Department today on areas where the bank capital framework can be improved.

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Consumers Anticipate Slightly Higher Spending, Lower Income Growth

Americans’ expectations for how much more they will spend in the next year landed at 3.29 percent in March, a slight nudge from February’s 3.19 percent reading, according to the Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations. The outlook for household income growth declined, landing at 2.52 percent from 2.8 percent in February. The decrease was ...

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Consumer Credit Growth Strong in February

Consumer credit increased at a seasonally adjusted annual rate of 4.8% in February, up from a 3.5% rate in January. Total outstanding credit increased $15.2 billion during the month (compared with $10.9 billion in January) to $3.79 trillion. Revolving credit grew at an annual rate of 3.5% to $1.0 trillion, compared to a 3.2% decrease in January. Non-revolving credit rose ...

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ABA Offers Staff Analysis of CFPB Data Collection Proposal

ABA has published a free, members-only staff analysis of the Consumer Financial Protection Bureau’s recent proposal to provide flexibility for lenders around the collection of applicants’ demographic data under the Home Mortgage Disclosure Act (Regulation C) and the Equal Credit Opportunity Act (Regulation B).

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