NEW YORK, Oct 13 (Reuters) - Leaders from U.S. banking giants on Thursday said strict capital requirements, which were bolstered after the 2008 financial crisis, could restrain economic activity.
A majority of U.S. households are taking the possibility of an economic recession seriously, new research suggests. Eighty-four percent of respondents in a recent survey said they are concerned about a recession happening before the end of the year, and 76% said they are making changes to their lifestyle in preparation for the downturn, according to financial group BMO’s latest Real Financial Progress Index.
WILMINGTON, Del., Oct. 12, 2022 /PRNewswire/ -- The global peer-to-peer lending market is prognosticated to reach a value of US$ 1.14 Trn by 2031, according to a research report by Transparency Market Research (TMR). Besides, the peer to peer lending market forecast states that the market is expected to grow at a CAGR of 29.3% during the forecast period, 2022-2031.
Washington, D.C. – The Consumer Financial Protection Bureau, the Federal Reserve Board, and the Office of the Comptroller of the Currency today announced that the 2023 threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans will increase from $28,500 to $31,000.
On October 6, 2022, Amerigroup Insurance Company reported a data breach with the Texas Attorney General’s Office. According to Amerigroup, the breach resulted in the names, addresses, Social Security numbers, and health insurance information belonging to certain individuals being compromised. However, because Amerigroup has yet to post notice of the incident on its website or otherwise elaborate on the breach, the cause of the data breach remains unknown.
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