Why Bankers Should Care about Student Debt
Bankers didn’t create the student debt crisis. But they can help in ways that provided targeted support to employees and customers alike.
Bankers didn’t create the student debt crisis. But they can help in ways that provided targeted support to employees and customers alike.
Construction spending decreased 0.2% in March to a seasonally adjusted annual level (SAAL) of $1,218.3 billion, according to the Census Bureau. February’s spending estimate was revised to a rate of $1,220.7 billion. March’s figure is 3.6% greater than the March 2016 estimate of $1,176.4 billion. Total private construction was $940.2 billion SAAL, nearly the same
The ISM Manufacturing Index registered 54.8 points in April, down 2.4 percentage points from the previous month, according to the Institute for Supply Management. April’s reading indicates an eighth consecutive month of expansion in manufacturing, as readings over 50 points denote expansion. Of the eighteen manufacturing industries, sixteen reported growth while one reported contraction. The
Following this week’s introduction of the Financial Choice Act, 52 state bankers associations wrote to House Financial Services Committee Chairman Jeb Hensarling to commend him for taking the first step toward addressing the negative impacts of the Dodd-Frank Act.
Consumer Sentiment increased 0.1 point in April to 97.0, according to the University of Michigan Consumer Sentiment Index. The Current Economic Conditions Index fell 0.5 point to 112.7, while the Consumer Expectations Index rose 0.5 point to 87.0. “Consumer sentiment continued to travel along the high plateau established following Trump’s election, with only minor deviations
Real GDP grew at a seasonally adjusted annual rate of 0.7% during the first quarter of 2017, according to the Bureau of Economic Analysis’s “advance” estimate, down from 2.1% in the fourth quarter. The deceleration in real GDP reflected a deceleration in personal consumption expenditures along with drawbacks in private inventory investment and in state
Common-sense changes to the current regulatory and legislative framework can help drive economic growth and allow banks to better serve their customers, clients and communities, ABA President and CEO Rob Nichols said today in an interview on Bloomberg TV.
As part of the banking industry’s continuing response to President Trump’s executive order outlining “core principles” for financial regulation, ABA yesterday called for a full repeal of the Dodd-Frank Act’s complex Volcker Rule.
New credit card accounts totaled 88.1 million in the fourth quarter of 2016, according to the latest edition of ABA’s Credit Card Market Monitor released today.
New orders for manufactured durable goods increased 0.7% in March to $238.7 billion, following a 2.3% February increase, according to the U.S. Census Bureau. New orders excluding defense rose 0.1% on the month, as orders of nondefense capital goods increased 1.2% to $75.0 billion. Shipments of manufactured durable goods increased 0.2% to $239.8 billion. Inventories