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March

6
2023
Trends

Banks Hike Rates as Deposits See Historic Drop

Banks are raising their deposit rates to woo back consumers from higher-yield alternatives. A move to things like Treasury bills and money market funds has seen commercial bank deposits fall for the first time since 1948, Bloomberg News reported Monday (March 6), citing data from the Federal Deposit Insurance Corp. (FDIC).

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March

6
2023
Trends

On the heels of the pandemic, borrowers with low credit are falling behind on car loans

Borrowers with low credit scores are falling behind on their car loan payments as inflation eats away at consumer spending power.

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March

6
2023
Industry News

Ohio bill would require hospitals to post prices and limit collections if they don't

A federal law says hospitals should be posting prices for some key services so patients can compare costs. But some Ohio lawmakers say that's not happening in most Ohio hospitals. And those legislators are sponsoring a bill that would make an Ohio law requiring hospitals to share that information publicly.

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March

6
2023
Industry News

Robocall Growth Slows, Spam Texts Explode According to Robokiller 2022 Phone Scam Insights Report

NEW YORK, March 6, 2023 /PRNewswire/ -- Americans received a whopping 225 billion robotexts, a 157% increase from 2021 and the most significant increase on record, according to Robokiller's annual phone scam report released today. Scammers haven't shifted too far away from robocalls yet, as those reached 78 billion in 2022, a modest 8% increase from the year prior.

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March

3
2023
Industry News

Report on the Home Mortgage Disclosure Act Rule Voluntary Review

This report contains the findings of the Bureau’s voluntary review of the final rule on the Home Mortgage Disclosure Act the Bureau issued in October 2015 (2015 HMDA Final Rule) and related amendments (collectively, the HMDA Rule). Section 1022(d) of the Dodd-Frank Act requires the Bureau to conduct an assessment of each significant rule or order adopted by the Bureau under Federal consumer financial law.

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