The FDIC announced today it is changing the virtual data room contractor used to market failing financial institutions. The agency will use ShareVault VDR for all new projects beginning in May.
A VDR is a secure website that the FDIC populates with information about failing institutions. The agency has used VDRs since 2000 and said the change in contractors was the result of a competitive bidding process.
Despite temporary tariff relief, small businesses still face elevated costs from historically high tariffs on Chinese goods.
Overall customer satisfaction with personal loans has remained largely flat, according to J.D. Power’s 2025 U.S. Consumer Lending Satisfaction Study.
The CFPB issued an interim final rule ending protections for mortgagors experiencing hardships due to the COVID-19 pandemic.
The University of Michigan Consumer Sentiment Index decreased 2.7% in May compared to the month prior, landing at 50.9, according to preliminary results for the month.
Housing starts increased by 1.6% in April from the month prior to a seasonally adjusted annual rate of 1.34 million, the Commerce Department reported.
The CFPB has withdrawn a proposed rule to prohibit contractual provisions in agreements for consumer financial products or services that waive “substantive” consumer legal rights and protections.
