Consumer complaints tied to credit reporting issues made to the Consumer Financial Protection Bureau (CFPB) have nearly doubled in the past year, a recent report said.
Today’s housing market is so pricey that homebuyers are highly sensitive to any distinct moves in mortgage rates. And that’s what happened last week. Rates dropped, and buyers dove in.
America’s banking giants are expected to reveal a huge outflow of cash in the days ahead. As the Financial Times (FT) reported Tuesday (April 11), analysts project that depositors looking for high returns from money market funds and other alternatives withdrew nearly $100 billion from JPMorgan, Bank of America, Citi and Wells Fargo during the first quarter of the year.
The Office of the Comptroller of the Currency (OCC) today published the spring 2023 edition of the Interest Rate Risk Statistics Report. The report presents interest rate risk data gathered during examinations of OCC-supervised midsize and community banks and federal savings associations (collectively, banks). The statistics are for informational purposes only and do not represent OCC-suggested limits or exposures.
Amid outcry, the state said it was no longer suing residents who had improperly used hurricane recovery money. That doesn’t change anything for the 425 who already paid a total of $6.8 million back to the state.
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