New orders for manufactured durable goods increased $2.7 billion or 0.9% in February to $289.3 billion, the U.S. Census Bureau said in its most recent advance report. The increase followed a 3.3% January increase. Excluding transportation, new orders increased 0.7%. Excluding defense, new orders increased 0.8%. Transportation equipment led the increase, $1.4 billion or 1.5% to $98.3 billion.
OCC’s Gould criticizes court ruling to enforce Colorado rate cap
Comptroller of the Currency Jonathan Gould criticized a recent federal court decision leaving in place a Colorado law that caps interest rates and fees on loans to state residents, saying it puts state banks at a competitive disadvantage...
