Household Debt Rises by $206 Billion in Fourth Quarter
Outstanding household debt rose by 1.4% in the fourth quarter of 2020, rising by $206 billion to land at $14.56...
Newsbytes
Home Builder Confidence Improved Slightly in February
The National Association of Home Builders/Wells Fargo Housing Market Index increased to 85 in February. NAHB Chairman Chuck Fowke noted...
Industrial Production Rises 0.9% in January
Industrial production rose 0.9% in January. Total industrial production in January was 1.8% lower than its year-earlier level. Manufacturing output...
Retail Sales Jump 5.3% in January
There were $568.2 billion in retail and food service sales in January, up 5.3% from December and 7.4% above the...
Producer Prices Rose 1.3% in January
The Producer Price Index for final demand rose 1.3% in January, seasonally adjusted, according to the U.S. Bureau of Labor...
ABA Cautions Against Unilateral Efforts to Reform CRA in Letters to Fed, OCC
As the Federal Reserve contemplates updates to its Community Reinvestment Act regulations, the American Bankers Association emphasized the importance of...
Biden Administration Extends Foreclosure Moratorium, Mortgage Forbearance
To help provide relief to many homeowners currently in forbearance due to COVID-19, President Biden today announced an extension of...
FDIC Finalizes Deposit Insurance Rule Change to Accommodate CECL Transition
The FDIC today finalized changes to the risk-based deposit insurance system that applies to banks with more than $10 billion...
Nichols Provides Update on ABA Core Platforms Initiative, Debuts CoreConnection
During opening remarks at ABA's virtual Conference of Community Bankers today, ABA President and CEO Rob Nichols shared an update...
Bowman: Fed to Revisit Framework for Antitrust Analysis
In response to shifting market dynamics and increasing competition in the financial services industry, the Federal Reserve is contemplating changes...
