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April

4
2023
Trends

U.S. mortgage delinquencies barely budge from record lows

CoreLogic has reported little movement in mortgage performance in January, with delinquency and foreclosure figures hovering near historic lows. Delinquencies dropped 0.5% year over year and 0.2% month over month in January.

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April

3
2023
Trends

US Bank Deposits and Lending Both Dropped Last Week Amid Turmoil

(Bloomberg) -- Deposits at US banks fell sharply and lending declined by the most in nearly two years amid financial turmoil triggered by the collapse of several banks this month.

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April

3
2023
Industry News

State AG may help with delinquent debt collection in Rossford

ROSSFORD — City council is considering the use of the Ohio Attorney General’s Office for delinquent debt collection.

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April

3
2023
Industry News

CFPB Issues Guidance to Address Abusive Conduct in Consumer Financial Markets

WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) issued a policy statement that explains the legal prohibition on abusive conduct in consumer financial markets and summarizes over a decade of precedent. The CFPB leads enforcement and supervision efforts to identify and end abusive conduct against consumers. In 2010, in response to the financial crisis, Congress passed the Consumer Financial Protection Act, and created the prohibition on abusive conduct.

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April

3
2023
Trends

OCC Reports Fourth Quarter 2022 Bank Trading Revenue

WASHINGTON—The Office of the Comptroller of the Currency (OCC) reported cumulative trading revenue of U.S. commercial banks and savings associations of $9.6 billion in the fourth quarter of 2022. The fourth quarter trading revenue was $3.1 billion, or 24.5 percent, less than in the previous quarter and $2.4 billion, or 33.9 percent, more than in the fourth quarter of 2021.

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