Consumer credit increased at a seasonally adjusted annual rate of 3.4% in February, the Federal Reserve reported today. Nonrevolving debt—the category that includes auto loans and student loans—increased at an annual rate of 0.9%, while revolving debt, which includes credit cards, increased at an annual rate of 10.2%.
Total nonfarm payroll employment rose by 254,000 in September and the unemployment rate edged down to 4.1%, the U.S. Bureau of Labor Statistics reported. Employment continued to trend up in food services and drinking places, health care, government,...
The number of alleged consumer protection violations and financial offenses increased in the first half of 2024, although the total fines assessed dropped dramatically.
Hiring rose in September with nonfarm payrolls adding 254,000 jobs over the month. Meanwhile, the unemployment rate ticked down slightly to 4.1%.
Agencies announce 2025 dollar thresholds used to determine whether certain transactions are subject to protections under Regulation Z and Regulation M, or are higher-priced mortgage loans subject to special appraisal requirements.
The rate for a 30-year fixed-rate mortgage averaged 6.12% this week. The rate for a 15-year fixed-rate mortgage averaged 5.25%.
The CFPB published a chart to help entities determine whether they must register for its nonbank registry. The bureau previously released filing instructions for the registry.
