The University of Michigan Consumer Sentiment Index increased 3.3% in March compared to the month prior, landing at 79.4, according to final results for the month. The March figure was up 28.1% from a year ago. The current conditions component of the index increased 3.9% from the month prior, landing at 82.5, while the consumer expectations index rose 2.9% to 77.4.
Under a new executive order from President Trump, effective Sept. 30, the U.S. Treasury will no longer issue paper checks for disbursements, including tax refunds, vendor payments, benefit payments and intergovernmental transfers.
The CFPB's focus too often has been on increasing its authority rather than on instituting checks and balances to ensure that authority is used for the benefit of consumers and consistent with law, ABA in a statement to...
The FDIC is drafting rulemaking to remove reputational risk from its bank supervision, several media outlets reported. The move follows similar action by the OCC last week.
The Consumer Confidence Index was 92.9 in March, down 7.2 points from the previous month, the Conference Board said.
Home prices increased 4.1% in January compared to the same month a year ago, up from a 4% rise the previous month, according to the S&P CoreLogic Case-Shiller Index.
Credit conditions are expected to weaken modestly over the next six months as businesses and consumers adopt a more cautious outlook amid heightened uncertainty, according to ABA’s latest Credit Conditions Index.
