NEW YORK—e-Commerce sales in the United States reached $250 billion in the first quarter of the year, representing a 6.6% increase from 2021.
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NEW YORK—After American Express dropped its 0% APR balance transfer offer during the pandemic, the pricing offer is making its return.
WASHINGTON—The Fannie Mae Home Purchase Sentiment Index (HPSI) decreased 0.8 points in August to 62.0, its sixth consecutive monthly decline, as high home prices and elevated mortgage rates continue to weigh on consumer sentiment, particularly home-selling sentiment.
WASHINGTON–The nation’s 4,771 commercial banks and savings institutions insured by the FDIC posted aggregate net income of $64.4 billion in second quarter 2022, a decline of $6.0 billion (8.5%) from a year ago.
WASHINGTON— Overall economic activity was unchanged on balance since early July, although that depends on the region of the country, according to the newest Beige Book data released by the Federal Reserve.
WASHINGTON—CUNA and NAFCU have joined several trades on a letter to the CFPB regarding the Bureau’s request for comment on the Paperwork Reduction Act as it relates to the collection of credit card terms.
ALBUQUERQUE, N.M.–Kirtland Federal Credit Union has unveiled new branding, a new logo and new messaging.
WASHINGTON— The Consumer Financial Protection Bureau (CFPB) has released an Issue Spotlight highlighting some of the “difficulties and experiences” it said it has heard from caregivers about being pursued over friends’ or family members’ alleged debts from nursing home facilities.
WASHINGTON–The Community Development Financial Institutions Fund said supplemental guidance information is now available related to the CDFI cure period.
NEW YORK–The Federal Reserve’s vice chairman said the Fed will need to see “several months” of low monthly inflation data to be convinced price increases are on the wane and it can stop raising rates.