Source: federalreserve.gov
Testimony from some of the top regulators in the country ahead of a Wednesday (May 15) Capitol Hill hearing on bank oversight took note of...
Bank of America’s CEO says consumer spending is still healthy despite steep interest rates. Spending has risen between 3% and 4% this month compared to a year ago, Brian...
Consumers are girding for inflation to settle in over the long haul. But they intend to keep spending. As reported on Monday (May 13), the Federal...
Beyond the Consumer Financial Protection Bureau (CFPB)’s new rule that would cap credit card late fees, banks are girding for the impact of the Federal...
Many consumers hit their credit card limit at least sometimes, and for consumers struggling to get by financially, that percentage skyrockets. By the Numbers The December installment...
Federal Reserve Governor Lisa Cook highlighted commercial real estate, private credit and cyber risks as potential issues. Speaking Wednesday (May 8) at the Brookings Institution in Washington, D.C., Cook provided...
Banks are seeing a slide in demand for loans — at the same time that they’re tightening lending standards. And the pressures, as noted in...
The rise of open banking and FinTechs is changing the fabric of financial services. Data sharing and pacts between traditional financial institutions and digital-only innovators...
A new study from the Federal Reserve indicates that it’s not income levels or ability to repay that drives banks’ willingness to extend credit. Rather,...