Credit Card Use Continues to Expand in Third Quarter
Credit card use picked up in the third quarter of 2018, according to ABA’s latest Credit Card Market Monitor released today.
Credit card use picked up in the third quarter of 2018, according to ABA’s latest Credit Card Market Monitor released today.
In an interview with Stuart Varney on Fox Business today, ABA President Rob Nichols says he’s optimistic about finding opportunities for bipartisan cooperation among members of the Democrat-controlled House Financial Services Committee.
The Conference Board Consumer Confidence Index decreased 6.4 points to 120.2 in January. The Present Situation Index declined slightly by 0.3 points to 169.6. The Expectations Index fell 10.4 points to 87.3. “Consumer Confidence declined in January, following a decrease in December,” said Lynn Franco, Senior Director of Economic Indicators at The Conference Board. “The
The Financial Accounting Standards Board’s current expected credit loss standard presents significant operational challenges and stakeholders are concerned about real and potentially severe economic effects, participants noted at a roundtable discussion hosted by FASB today.
Senate Banking Committee Chairman Mike Crapo (R-Idaho) today outlined the approach to data privacy and data security legislation he will continue to pursue during the 116th Congress.
The financial regulatory agencies last Friday released a final rule governing the acceptance of private flood insurance.
Congress tonight passed — and President Trump signed into law — legislation to fund the federal government until Feb. 15, bringing the historic 35-day shutdown to a temporary halt while budget negotiations continue.
The federal banking agencies have found improved credit quality in the Shared National Credit portfolio, a bundle of large syndicated bank loans that includes 8,571 credit facilities and 5,314 borrowers — and totals $4.4 trillion, according to the SNC Review released today. Despite the improvement, however, risk remains elevated compared to prior economic cycles, they
Commodity Futures Trading Commission Chairman Chris Giancarlo signaled today that the CFTC will soon advance a new cross-border derivatives proposal once the government shutdown ends.
To increase use of the Earned Income Tax Credit by qualified working families, the OCC promoted EITC Awareness Day on January 25. With only 80 percent of eligible taxpayers claiming the EITC, the OCC encouraged banks to educate their local communities about the credit. In addition, the OCC suggested that banks provide low-cost products and