Source: federalreserve.gov
Consumer credit grew at a seasonally adjusted rate of 5.7% in April. Revolving credit increased at an annual rate of 13.1% during the month, while...
An International Monetary Fund (IMF) director said the Federal Reserve may need to do more to slow lending. IMF Managing Director Kristalina Georgieva told CNBC...
For banks — and specifically for their consumers: No deposit, no return? The bedrocks of finance — the commercial banks — are seeing at least...
Credit card use is up, and card balances are increasing. It may be the more vulnerable borrowers among us signaling that distress could lie ahead...
Federal Reserve Bank of Richmond President Tom Barkin reportedly said there is a “demand slowdown.” At the same time, Barkin declined to say the country is nearing a recession,...
The Federal Reserve Board’s latest report on the pressures faced by U.S. households paints a picture where a record number of consumers say they are...
A Federal Reserve governor said changes to banking regulations should be “targeted,” not broad and fundamental. Speaking Friday (May 19) at the Texas Bankers Association...
Federal Reserve officials reportedly seem more divided than ever on whether more interest rate hikes are needed. Officials’ comments signaling different opinions on the issue come...
U.S. lawmakers faced off Thursday (May 18) over two proposed stablecoin bills. Both bills under consideration would allow both banks and non-banks to issue stablecoins. It was...