Consumer credit decreased at a seasonally adjusted annual rate of 1.8% in November 2024, the Federal Reserve reported today. Nonrevolving debt—the category that includes auto loans and student loans—increased at an annual rate of 2%, while revolving debt, which includes credit cards, decreased at an annual rate of 12%
Treasury proposes rule to bar large institutional investment in single-family homes
A large institutional investor is defined as an investor that has direct or indirect control over at least 350 homes. Penalties for violating the law can range from $1 million to three times the purchase price of the...









