The University of Michigan Consumer Sentiment Index decreased 12.7% in May compared to the month prior, landing at 67.4, according to preliminary results for the month. The May figure was up 14.2% from a year ago. The current conditions component of the index fell 12.9% from the month prior, landing at 68.8, while the consumer expectations index fell 12.5% to 66.5.
In a court filing, the CFPB said its leadership has directed staff to initiate new rulemaking to implement Section 1071 of the Dodd-Frank Act and plans to soon release a proposal to possibly replace or change its current...
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced that the goods and services deficit was $122.7 billion in December, down $9.0 billion from $78.9 billion in February, revised.
The Treasury Department announced it is planning events, initiatives and public engagement opportunities throughout April as part of National Financial Literacy Month.
FS-ISAC released a report on how financial institutions can strengthen collaboration between their cybersecurity, fraud, financial crime and anti-money laundering teams.
The ISM services index decreased 2.7% from the prior month to land at 50.8% in March, the Institute for Supply Management said. Readings over 50% indicate expansion.
The Senate Banking Committee voted along party lines to advance the nominations of former FDIC board member Jonathan Gould to be comptroller of the currency and Paul Atkins to be chair of the SEC.
