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Bank of America Report Finds Wealthy Most Pessimistic While GDP Rises 4.9%

Bank of America Report Finds Wealthy Most Pessimistic While GDP Rises 4.9%

Consumer spending, government spending and residential investments were the catalysts for growth
ABA Criticizes Proposed CFPB Rule On Personal Finance Data

ABA Criticizes Proposed CFPB Rule On Personal Finance Data

The ABA has warned of concerns over implementation costs
Credit Card Debt Over $1 Trillion Draws Attention from Congress

Credit Card Debt Over $1 Trillion Draws Attention from Congress

Interest rates for credit card holders have climbed to a record high of more than 20%
Consumers Interested in Embedded Finance Offerings

Consumers Interested in Embedded Finance Offerings

Fear of recession continues to impact habits despite improving economic outlook, according to survey
Capital Bank Launches New Lender Finance Group

Capital Bank Launches New Lender Finance Group

Scott Lisman and Thomas Scott have joined the bank to run the group
Truist to Bring Quantum Computing to Consumer Banking

Truist to Bring Quantum Computing to Consumer Banking

The banking giant has teamed up with IBM to explore the potential for enhancing banking systems
Consumer Bank Fined $9 Million in Settlement

Consumer Bank Fined $9 Million in Settlement

The U.S. Consumer Financial Protection Bureau has fined Citizens Bank for violating the Truth in Lending Act
CFPB Plots Clampdown on BNPL

CFPB Plots Clampdown on BNPL

‘Buy now, pay later’ products should be subject to the same rules as other forms of credit, says director Rohit Chopra
US Household Debt Increases

US Household Debt Increases

Q4 2022 data reveals increased borrowing led by credit card debt
Households Turn Gloomy on Incomes

Households Turn Gloomy on Incomes

US consumers expect household incomes to lag inflation over the coming year
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