The Office of the Comptroller of the Currency today released economic and financial market scenarios for use in its upcoming stress tests for covered institutions, as required by the Dodd-Frank Act. Covered institutions are required to submit the results of their company-run stress tests to the OCC by April 5 and publish those results between June 15 and July 15.
With the school year beginning across the nation, 29 states now have a financial literacy graduation requirement, up from just six in 2019, according to a recent report by the National Endowment for Financial Education.
Consumer prices for electricity have routinely outpaced the headline CPI number.
Federal Reserve Chairman Jerome Powell said that risks to the U.S. labor market are rising, signaling a possible shift in the Fed’s approach to monetary policy moving forward.
The CFPB is seeking public comment on the costs and challenges of enforcing the Dodd-Frank Act’s data sharing requirements as it considers new rulemaking to implement the law.
The rate for a 30-year fixed-rate mortgage was 6.58% this week. The rate for a 15-year fixed-rate mortgage was 5.69%.
Existing home sales rose 2% in July to a seasonally adjusted annual rate of 4.01 million, the National Association of Realtors reported. Sales also increased 0.8% from a year ago.
