Household Debt Jumps to End 2016

Outstanding household debt increased by a robust 1.8 percent in the final quarter of 2016, rising by $226 billion to $12.58 trillion, the Federal Reserve Bank of New York said today.

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Trades: FCC Overstepped Authority in TCPA Exemption Final Rules

In a joint comment letter to the Federal Communications Commission this weekend, ABA and the Consumer Bankers Association urged the FCC to facilitate -- not impair -- important communications between lenders and borrowers of debt owed to or guaranteed by the federal government, including calls made to service federally guaranteed or insured mortgages or federal student loans.

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Fed Survey: CRE Tightening Trend Continues

Bankers continued tightening credit for commercial real estate loans and consumer loans in the last three months while holding steady on other business loans and easing credit standards very slightly in their home mortgage portfolios, according to the Federal Reserve’s latest senior loan officer survey released today.

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