A dedicated international task force focused on executing sanctions against Russia has blocked or frozen more than $30 billion worth of sanctioned Russian assets in financial accounts and economic resources, and immobilized approximately $300 billion worth of Russian Central Bank Assets, according to a press release issued by the Treasury Department.
Real GDP decreased at a seasonally adjusted annual rate of 1.6% during the first quarter…
CFPB’s change is “contrary to law and subject to legal challenge” as well as potential congressional action, the groups said.
only 19% of business leaders reported optimism about the national economy for the year ahead, the lowest percentage recorded in 12 years of survey data.
The Fed also confirmed the new timeline for implementation based on review of public comments: March 10, 2025.
The OCC Mortgage Metrics Report showed that 96.9% of mortgages were current and performing at the end of the quarter, compared to 94.2% a year earlier.
The American Bankers Association and several other trade groups last week requested a 60-day extension to the comment period for the CFPB’s unexpected advance notice of proposed rulemaking on credit card late fees and late payments.
New orders for manufactured durable goods in May increased $1.9 billion, or 0.7%, to $267.2…
Facing rising household costs, a looming recession and record levels of debt, 59% of U.S. bank customers expect help to improve their financial health, but most feel that banks aren’t delivering, according to a recent survey.
U.S. banks extended $179 billion in farm loans in 2021, of which $99.6 billion came from farm banks that specialize in the ag space.