Government News

Today’s current economic climate is already influencing consumer spending and credit in 2024, and is becoming a hot topic for businesses seeking to engage past-due customers. Economic Growth in 2023, But Slowdown Expected in 2024 Last year proved that the…

Based on Freddie Mac’s latest Primary Mortgage Market Survey, the U.S. 30-year fixed-rate mortgage (FRM) averaged 6.74 percent as of March 14, 2024. “The 30-year fixed-rate mortgage decreased again this week, with declines totaling almost a quarter of a percent…

Feb 6 (Reuters) – Overall borrowing levels in the U.S. rose modestly during the final three months of last year as more types of borrowing ran into trouble, especially on the auto front, even as overall difficulties remained below levels…

The American love affair with debt took a timeout in December. After piling on debt for much of the year – in 2023, the type of credit commonly provided by charge cards and other loans increased 8.4 percent – consumers slammed on…

Jan 22 (Reuters) – The month is poised to be the busiest January on record for new U.S. corporate bond sales, with two regional banks on Monday adding to what has been a rush of post-earnings debt issuance by banks.…

Sales of previously owned homes rose 3.1% in January to 4 million units on a seasonally adjusted annualized basis, according to the National Association of Realtors. Sales were down 1.7% year over year. The count is based on closings, so…

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today took action against a medical debt collector, Commonwealth Financial Systems, for illegally trying to collect unverified medical debts after consumers disputed the validity of the debts. Under the order issued today,…

WASHINGTON —  The federal government’s gross national debt has surpassed $34 trillion, a record high that foreshadows the coming political and economic challenges to improve America’s balance sheet in the coming years. The U.S. Treasury Department issued a report Tuesday…

Nov 1 (Reuters) – The U.S. Treasury Department on Wednesday said it plans to “gradually” increase the size of most of its debt auctions in the November 2023 to January 2024 quarter and expects it will need one more additional quarter of…

Federal bank regulatory agencies announced today that they will extend until January 16, 2024, the comment period on their long-term debt proposed rule to improve the resolvability of large banks and enhance financial stability.  The agencies extended the comment period to allow…