inflation

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CFPB Gets Earful on Limiting Credit Card Late Fees

The Consumer Financial Protection Bureau is taking heat from banks and credit unions over its proposal to limit increases in credit card late fees that would otherwise increase because of...

PSCU: Inflation Helps Boost Member Spending in June

The gains in the amount spent far outpace gains in the number of transactions. PSCU reported Tuesday that the value of purchases it handles for affiliated credit unions rose much...

Bitcoin Drops to Nearly $19K as Fed Renews Inflation Warnings

Jun 30, 2022 — Central bank leaders warned Wednesday that inflation is going to last longer than some estimated. Bitcoin fell toward $19,000 during Asian afternoon hours after central bankers...

Dimon Says Brace for U.S. Economic ‘Hurricane’ Due to Inflation

June 1 – Jamie Dimon, Chairman and Chief Executive of JPMorgan Chase & Co described the challenges facing the U.S. economy akin to an “hurricane” down the road and urged...

Report sees monetary policy, inflation, cyberattacks as risk drivers

(Nov. 19, 2021) Monetary policy, inflation, and cyberattacks could heighten risk to the financial system, according to the annual report issued this week by the Treasury office tasked with conducting...

BRIEFLY: Fact sheet on LIBOR demise published; Powell inflation indicators only ‘transitory’

(April 30, 2021) A two-page fact sheet that lays out what’s behind the demise of the London Interbank Offer Rate (LIBOR), a widely used rate used for such lending products...