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April

28
2023
Trends

US consumer spending plateaus; core inflation remains strong

WASHINGTON, April 28 (Reuters) - U.S. consumer spending was unchanged in March as an increase in outlays on services was offset by a decline goods, but persistent strength in underlying inflation pressures could see the Federal Reserve raising interest rates again next week.

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April

28
2023
Industry News

Federal Agencies Announce AI Enforcement and Consumer Protections

Several federal agencies have released a policy statement on the use of artificial intelligence products under existing laws, particularly to ensure that consumers aren’t discriminated against by the algorithms companies use for loans or other financial products.

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April

28
2023
Trends

CoreLogic: US Mortgage Delinquency Rate Hovers Near Record Low in February

IRVINE, Calif.--(BUSINESS WIRE)--CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for February 2023.

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April

28
2023
Industry News

Are P2P investments FSCS protected?

For savers and investors, the financial services compensation scheme (FSCS) represents a safety net. Established in 2001 and expanded after the global financial crisis of 2007/2008; it has recovered billions of pounds of consumer money over the past two decades.

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April

28
2023
Industry News

Banks step up pace of borrowing from Fed emergency lending program for second week

Investing.com -- Banks stepped up the pace of borrowing from the Federal Reserve’s emergency lending programs for the second-straight week, pointing to ongoing liquidity strains just as rumblings in the sector reemerged following recent disappointing quarterly results from regional banks.

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