Rohit Chopra, director of the Consumer Financial Protection Bureau, said Wednesday that total outstanding credit card debt last year rose above $1 trillion for the first time, and that high interest rates and fees are contributing to the growing debt burden.
The Beige Book is a Federal Reserve System publication about current economic conditions across the 12 Federal Reserve Districts. It characterizes regional economic conditions and prospects based on a variety of mostly qualitative information, gathered directly from each District’s sources. Reports are published eight times per year.
This time of year, you’re probably buying lots of things online. Gifts, decorations, food! But what if something you’ve ordered shows up different than advertised? Or damaged? Or never comes at all? If so, you’re not alone.
The Federal Trade Commission just released its National Do Not Call (DNC) Registry Data Book for Fiscal Year 2023 this month, revealing a decline in consumer complaints regarding robocalls and unwanted telemarketing calls.
WASHINGTON — Reports from 4,614 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reflect aggregate net income of $68.4 billion in third quarter 2023, down $2.4 billion (3.4 percent) from the prior quarter. First and second quarter income benefitted from non-recurring gains from the accounting treatment for the acquisition of the three large bank failures this spring. Excluding these one-time gains, net income would have been roughly flat for the past four quarters.
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