Consumer credit increased at a seasonally adjusted annual rate of 2.6% in the second quarter, with revolving and nonrevolving credit increasing 3.9% and 2.1%, respectively, according to the Federal Reserve. In June, consumer credit increased at an annual rate of 3.3%.
The FDIC issued a final interim rule to update its regulations on reciprocal deposits to conform with housing legislation recently passed by Congress.
The FDIC and OCC finalized a rule to formally define “unsafe and unsound practices,” which they said would bring more certainty to bank supervision.
The rate for a 30-year fixed-rate mortgage was 6.66% this week. The rate for a 15-year fixed-rate mortgage was 5.98%.
The FDIC will extend the public comment deadline for its proposed bank information disclosure rule to align it with a deadline for a similar rule proposed by the OCC. ABA asked for the extension.
A growing number of employees with health savings accounts are contributing to those accounts, with more than half of employees choosing an HSA option when offered the option, according to a new survey by the Plan Sponsor Council...
Businesses that fail to disclose that they use consumer data to set personalized prices for goods or services are likely engaging in deception or unfairness and can expect the Federal Trade Commission to pursue enforcement actions, according to...
