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January

5
2023
Trends

Office of Research Blog: Even as rents increase, fewer people are buying

The past two years of high inflation have been difficult for renters. In our recent report, Making Ends Meet in 2022, we found that nearly one third of renters did not pay or were late with the rent at least once in the last year. As we discussed in a previous blog post in this series, housing is a large share of overall expenditures and housing inflation has been a big part of recent inflation.

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January

5
2023
Industry News

FTC Proposes Rule to Ban Noncompete Clauses, Which Hurt Workers and Harm Competition

The Federal Trade Commission proposed a new rule that would ban employers from imposing noncompetes on their workers, a widespread and often exploitative practice that suppresses wages, hampers innovation, and blocks entrepreneurs from starting new businesses.

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January

5
2023
Industry News

USDA Announces January 2023 Lending Rates for Agricultural Producers

WASHINGTON, Jan. 3, 2023 – The U.S. Department of Agriculture (USDA) announced loan interest rates for January 2023, which are effective Jan. 3, 2023. USDA’s Farm Service Agency (FSA) loans provide important access to capital to help agricultural producers start or expand their farming operation, purchase equipment and storage structures or meet cash flow needs.

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January

5
2023
Industry News

DFCU Financial Completes First Citrus Bank Acquisition

DEARBORN, Mich., January 3, 2023 (Newswire.com) - DFCU Financial and First Citrus Bank have closed on their previously announced business combination and are now branded as DFCU Financial. This transaction creates a stronger and more comprehensive financial institution for its members.

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January

5
2023
Trends

Paying off debt is top priority for many consumers in 2023: survey

Inflation, rising costs and the fear of recession have not derailed some Americans from sticking to their money goals this year, a new survey said. Despite the challenging economic environment, 42% of respondents said that paying off debt was their top priority in 2022, according to consumer financial app Cleo's 2022 Money Trend Report.

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