Newsbytes

U.S. Banks Added $48.9 billion in Loans in June

Commercial banks added $48.9 billion in loans and leases in June according to the Federal Reserve’s H.8 statistical release, an increase of 0.6 percent. Total loans and leases increased $25.4 billion (0.3 percent) in May. Total bank assets for commercial banks fell for the second month in a row, declining $16.4 billion (0.1 percent) to $15.33 trillion, but remains 4.6 ...

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NCUA Head to Testify as Agency Subverts Congressional Intent

National Credit Union Administration Chairman Debbie Matz will appear before the House Financial Services Subcommittee on Financial Institutions and Consumer Credit tomorrow -- her first appearance before Congress since 2011 -- and ABA urged House members to hold NCUA accountable for its efforts to subvert congressional intent.

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Existing Home Sales at Highest Level Since 2006

Existing home sales increased 3.2 percent to a seasonally adjusted rate of 5.49 million in June, according to the National Association of Realtors, up from a downwardly revised 5.32 million in May. Existing home sales have increased year over year for the last nine months. Median existing home prices increased 6.5 percent year over year to $236,400, the fortieth consecutive ...

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Pentagon Tightens Loan Rules for Service Members

The Defense Department today issued a final rule tightening restrictions on lending to service members. The rule expands the restrictions in the Military Lending Act -- which principally targeted tax refund anticipation loans, payday loans and car title loans -- to cover credit cards, lines of credit, installment loans and deposit advances offered to service members.

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