Hearings scheduled on large bank oversight, financial innovation

According to TD Bank's Merry Money Survey, as the holiday season gets under way consumers are taking a prudent strategy to stay financially sound.

The OCC announced an increase in assessment rates for the 2025 calendar year, which are primarily targeted at large banks and other institutions requiring increased supervisory resources, according to the agency.

Personal income increased 0.6%, or $ 147.4 billion, in October, the Commerce Department said.

Pending home sales rose 2% in October from the prior month, marking the third consecutive month of gains, the National Association of Realtors said.

New orders for manufactured durable goods increased $700 million or 0.2% in October to $286.6 billion, the U.S. Census Bureau said in its most recent advance report.

Real gross domestic product increased at an annual rate of 2.8% in the third quarter of 2024, according to the Commerce Department’s second estimate.