ABA Data Bank: U.S. Households Continue to Manage Debt Levels in Q3

Persistent price growth continues to pressure household balance sheets. Over time, this could weigh on consumer loan performance as borrowers face greater difficulty managing rising costs.

Pontiac Bancorp agrees to buy Ottawa Bancorp in Illinois. Profinium Financial Holdings to buy F&M Community Bank in Minnesota.

ABA and the Michigan Bankers Association have released a new ad highlighting Rep. Bill Huizenga’s (R-Mich.) support for policies that make life more affordable for Michigan families by lowering taxes and fighting scammers who target bank customers.

The Treasury Department has appointed Chris Miller as director of the CDFI Fund. He joins the fund from Three Roots Capital, a certified CDFI based in Tennessee.

The GDP second estimate at 1.5% demonstrates resilient private demand; strong increases in real final sales reflect continued appetite for consumer and commercial credit.  

The Consumer Confidence Index was 89.4 in August, down from 90.2 in July, the Conference Board said.