A six-figure income, a house in a nice neighborhood, two cars in the garage and kids in private schools — yet still feeling panicked when an emergency expense hits. And while the Fed once held out $400 as the average emergency expense threshold, that unexpected expense is now more likely to be about three times as much.
Its the 10th day of March, 2025, and there have already been more TCPA class actions filed this March (85) than all of March, 2024 (84).
The Consumer Financial Protection Bureau extended the comment deadline for an advance notice of proposed rulemaking (ANPR) by 30 days to April 7, 2025. The ANPR seeks public input on potential amendments to Regulation V of the Fair Credit Reporting Act, focusing on consumer protections against identity theft and “coerced debt.”
The FDIC has proposed rescinding the agency’s 2024 Statement of Policy on Bank Merger Transactions. FDIC officials said at the time of issuance that the Statement of Policy addresses the scope of transactions that will be reviewed, the process for that review and whether a proposed deal follows the standards established in the Bank Merger Act.
Federal bank regulatory agencies today reported in the 2024 Shared National Credit (SNC) report that credit risk associated with large, syndicated bank loans remains moderate. However, the agencies noted weakened credit quality trends continue due to the pressure of higher interest rates on leveraged borrowers and compressed operating margins in some industry sectors.
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