Economic activity grew at a modest to moderate rate from August to early October, but in some parts of the country growth slowed due to supply chain disruptions, labor shortages and uncertainty around the Delta variant of COVID-19, according to the Federal Reserve’s seventh Beige Book release of the year. The report was based on information collected through Oct. 8.
Nine in 10 Americans with a bank account say they are satisfied or very satisfied with their primary bank, according to the results of a new Morning Consult survey released today during the American Bankers Association Annual Convention in Tampa, Florida.
With the COVID-19 pandemic driving more consumers to online and mobile banking, banks have to meet rising customer expectations and bridge online and in-person options, the American Bankers Association and Accenture said today in a new report on the state of digital lending.
Federal Open Market Committee members said that if they decide to start tapering asset purchases at their next meeting, the process could begin in mid-November or mid-December.
The Occupational Safety and Health Administration sent the Office of Management and Budget on Tuesday a draft emergency temporary standard that would implement part of President Biden’s vaccine mandates.
The American Bankers Association encouraged the FDIC today to maintain flexibility as it thinks about how best to conduct exams post-pandemic.
The Financial Stability Board today put forth several policy proposals aimed at increasing the resilience of money market funds, which experienced extreme volatility in the early days of the COVID-19 pandemic.
The average hourly earnings for a worker employed in the retail industry, which have risen steadily through the pandemic, increased 4.4% year-over-year to $22.12 in August 2021.
Following the onset of the COVID-19 pandemic, credit card debt fell to $811 billion in the second quarter of 2020, before rising to $825 billion by the end of the year, the largest six-month decline on record, according to the biennial Credit CARD Act report released by the CFPB today.
The Small Business Administration has issued a final rule outlining procedures for appealing final SBA Paycheck Protection Program loan review decisions to its Office of Hearings and Appeals