Legal News

This morning, the New York Fed’s Center for Microeconomic Data released the 2023:Q3 Quarterly Report on Household Debt and Credit. After only moderate growth in the second quarter, total household debt balances grew $228 billion in the third quarter across all types, especially credit…

With average rates on 30-year fixed-rate mortgages hitting 8% on Wednesday, you might be thinking twice about buying a home, even if you can afford one. But if you’re trying to decide between buying now or waiting, remember that there’s no…

The bond vigilantes are coming back as investors continue to sell amid the prospect of higher-for-longer interest rates and a growing fiscal deficit, according to Kevin Zhao, head of global sovereign and currency at UBS Asset Management. The yield on…

Last week, a group of consumer advocate organizations filed a Petition for Rulemaking with the CFPB that would prohibit the use of pre-dispute arbitration clauses in consumer contracts in favor of arbitration clauses that would permit consumers to choose between arbitration and…

Oct 6 (Reuters) – Twenty-three Democratic U.S. senators on Friday urged congressional appropriators to increase spending on federal public defenders beyond what is proposed in pending spending legislation or risk significant job cuts. In a letter to the leaders of the U.S.…

WASHINGTON — The U.S. Department of the Treasury today announced its current estimates of privately-held net marketable borrowing[1]for the July – September 2023 and October – December 2023 quarters. During the July – September 2023 quarter, Treasury expects to borrow $1.007…

NEW YORK, Sept 1 (Reuters) – Six private equity and hedge fund trade groups on Friday sued the U.S. Securities and Exchange Commission (SEC), arguing the agency overstepped its statutory authority when adopting sweeping new expense and disclosure rules last week.…

CoreLogic report attributes healthy mortgage performance to strong job market. A new report from CoreLogic found the overall delinquency rate for U.S. mortgages dropped to a record low of 2.6%, down from 2.7% in May 2022 and 2.8% in April…

WASHINGTON, June 3 (Reuters) – President Joe Biden on Saturday signed a bill that suspends the U.S. government’s $31.4 trillion debt ceiling, averting what would have been a first-ever default with just two days to spare. The House of Representatives…

WXYZ) — A new scam using letters posing as the State of Michigan is causing Attorney General Dana Nessel to raise alarm to Michigan residents and businesses. “Posing as our state agencies to scare businesses and workers into paying entities…