The University of Michigan Consumer Sentiment Index decreased 4.9% in November compared to the month prior, landing at 51, according to final results for the month. Sentiment was down 29% year over year. The current conditions index fell 12.8% from the month prior to 51.1. The index of consumer expectations rose 1.4% from the month prior to land at 51.
Banking agencies promise new approach for handling sensitive information
The Federal Reserve, FDIC and OCC announced a “coordinated approach” for handling sensitive information used in bank examinations, including a new pledge to notify banks about data breaches that threaten to expose that information.








