The Consumer Price Index rose 0.3% in June after rising 0.2% the previous month and increased 2.7% over the past year, the Labor Department said. Year-on-year core CPI — which excludes more volatile food and especially energy prices — posted a 2.9% gain. The energy index decreased 0.8% while the food index increased 3%.
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...
