Federal Reserve Chair Jerome Powell said during his regular press conference Wednesday that the process of determining tariff-related price increases was always going to be slow, but it has taken longer than he expected.
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A FICO survey shows 33% think exaggerating income on credit applications is acceptable. Ironically, many also prioritize strong fraud prevention from banks.
July 30 -
The insurance-linked market's rapid growth continues as natural catastrophes grow
July 30 -
A tariff-induced economic slowdown could dampen consumer debt payments.
July 29 -
The Senate Banking Committee passed a housing package that includes funding for manufactured and other kinds of housing, but also includes an appraisal provision that mortgage bankers oppose.
July 29 -
FICO scores and credit enhancement slip in BHG's largest deal to date
July 29
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As high interest rates make refinancing impossible for many homeowners, increasing numbers of them are turning to HELOCs and home equity loans for cash.
July 28 -
Mostly prime Canadian consumers bolster securitized assets.
July 28 -
CLO and ABS issuance continues apace as spreads remain tight
July 28 -
A judge ruled the Pennsylvania lender had to commit to its increased fair lending obligations for three more years, as it wouldn't harm the public interest.
July 28 -
The agency has a proposed repeal in place, getting ready to be made public on July 28, which would rescind another Biden-era fair housing policy.
July 25 -
Numbers on use and performance point to potential for nonpublic insurers to take on a greater role but also suggest there are limits to it, Fitch Ratings found.
July 25 -
Ratings are holding up but global economic prospects dim
July 25