The banking industry reported a return on assets ratio of 1.27% and aggregate net income of $79.3 billion in the third quarter of 2025, an increase of $9.4 billion, or 13.5%, from the prior quarter.
The CFPB has published a new “humility pledge” to guard against what its current leadership said was “weaponization” of its past supervision.
The average cost of this year's classic Thanksgiving feast is $55.18, a decline of 5% from 2024 and the third consecutive annual decline.
Consumer sentiment decreased 2.6 points month-over-month in November to 51, down 20.8 points from one year ago, according to final results for the month from the University of Michigan Surveys of Consumers.
The Federal Reserve has extended by a month the comment period for a proposed rule to make stress tests for large banks more transparent.
The CFPB plans to furlough much of its staff on Dec. 31 and transfer its remaining litigation to the Justice Department, according to the news site Government Executive.
