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...
Economy
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...
Nichols: Banks Prepared for Interest Rate Uncertainty
Despite economic headwinds and uncertainties around the Federal Reserve’s next move on interest rates, the banking sector remains strong and...
SEC Urges Market Participants to Prepare for Libor Transition
The Securities and Exchange Commission late Friday issued a statement warning of the potential consequences for financial markets if the...
Powell: Trade Uncertainties, Slowing Global Growth Putting Pressure on U.S. Economy
Testifying before the House Financial Services Committee today, Federal Reserve Chairman Jerome Powell said he and his colleagues “don’t expect...
