Consumer credit increases in October
Consumer credit increased at a seasonally adjusted annual rate of 6.9% in October and 6.8% in September. Total outstanding credit...
Newsbytes
New York Fed: Inflation expectations fall
Consumer inflation expectations declined in the short, medium and longer terms in November, according to the Federal Reserve Bank of...
ABA Data Bank: Annual growth for median weekly earnings
Median weekly earnings growth was strong across the board in Q3 2022, but particularly for those with less than a...
Toomey, Warren team up on bill to extend FOIA to Federal Reserve Banks
Sens. Pat Toomey (R-Pa.) and Elizabeth Warren (D-Mass.) this week unveiled a bipartisan bill that would subject regional Federal Reserve...
Poll: Even high-net-worth individuals feeling pinch of inflation
Most Americans—including millionaires—don’t consider themselves wealthy and are worried about inflation and a possible recession, according to a survey commissioned...
Survey: Younger adults to seek financial advice after inheriting
Most younger adults in the U.S. plan to work with a financial adviser after inheriting from a family member, according...
CFPB issues preliminary decision on TILA preemption of NY state law
The Consumer Financial Protection Bureau this week announced its intent to make a preemption determination regarding whether the Truth in...
FSB to focus on large bank resolution preparedness, resolutions for CCPs in 2023
The Financial Stability Board will continue to focus its efforts in 2023 on bank resolution preparedness, and completing resolution frameworks...
ABA, trade groups urge further scrutiny of big tech payment platforms
The Consumer Financial Protection Bureau should continue to increase its oversight of “big tech” payment platforms until all consumers are...
Banking industry is strong, but economic warning signs remain, OCC report says
Banks remain well capitalized and with ample liquidity and sound credit quality, “although macroeconomic headwinds are a concern,” according to...
