Consumer Credit Growth Decelerates in June
Consumer credit increased at a seasonally adjusted annual rate of 4.3 percent in June. Total outstanding credit increased $14.6 billion...
Economy
ISM: Non-Manufacturing Sector Growth Slowed in July
The ISM Non-Manufacturing Index registered 53.7 points in July, 1.4 percentage points lower than June’s figure. This was the 114th consecutive...
Banks Report Stronger Residential Mortgage Demand
The second quarter saw substantially stronger demand for residential mortgage loans, according to the Federal Reserve’s latest senior loan officer...
ABA Data Bank: As Share of Disposable Income, Credit Card Debt Holds Steady
As a share of disposable income, credit card credit outstanding (seasonally adjusted) eased 3 basis points to 5.40 percent in...
Credit Card Use Moderates in First Quarter
Credit card use moderated in the first quarter of 2019, according to the American Bankers Association’s latest Credit Card Market...
Fed Cuts Interest Rates for First Time Since Financial Crisis
As expected by analysts, the Federal Open Market Committee announced today that it would cut the target rage for the...
FDIC 2019 Risk Review Warns Banks of Credit, Market Risks
The FDIC today flagged high loan concentrations, as well as the interest rate environment and short-term liquidity challenges, as key...
Banker Op-Ed: CECL Is Solution in Search of Problem
The Financial Accounting Standards Board’s current expected credit loss model for loan loss accounting is a solution in search of...
