Even as threats to finance and accounting data grow, cybersecurity remains siloed from the finance and accounting functions in most companies. That’s problematic as organizations work to minimize cyber risks and mitigate the damage from potential attacks.
NEW YORK—The Federal Reserve Bank of New York's Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit. The Report shows an increase in total household debt in the fourth quarter of 2022, increasing by $394 billion (2.4%) to $16.90 trillion. Balances now stand $2.75 trillion higher than at the end of 2019, before the pandemic recession. The report is based on data from the New York Fed's nationally representative Consumer Credit Panel.
The Federal Trade Commission today launched a new Office of Technology that will strengthen the FTC’s ability to keep pace with technological challenges in the digital marketplace by supporting the agency’s law enforcement and policy work.
On January 3, 2019, the Good Accounting Obligation in Government Act (GAO-IG Act or Act)
was enacted as Public Law number 115-414. This report is published by the Consumer Financial
Protection Bureau (Bureau or CFPB) in compliance with that law. 1
Consumer debt collections fell by a third between 2018 and 2022, a sign that Americans' household finances are getting stronger, the Consumer Financial Protection Bureau said Tuesday.
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