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Credit reporting problems spark the biggest portion of CFPB consumer complaints, study says

April 10, 2023

Consumer complaints made to the Consumer Financial Protection Bureau (CFPB) rose 61% in 2022 from 2021 — credit reporting issue saw the biggest jump, according to a U.S. Public Interest Research Group (PIRG) report.

New York United States Joe Biden Consumer Financial Protection Bureau Federal Reserve Bank Us Public Interest Research Group

Source: foxbusiness.com

Daily Financial Regulation Update -- Tuesday, March 14, 2023 | Paul Hastings LLP

March 14, 2023

March 13, 2023- The Federal Reserve Board announced that Vice Chair for Supervision Michael S. Barr is leading a review of the supervision and regulation of Silicon Valley Bank,...

New York United States United Kingdom Tim Scott Travis Hill Jeromeh Powell

Source: jdsupra.com

Interest Rates Tap Out Consumers as Credit Growth Slows in January: Fed Report

March 7, 2023

Consumer credit extended its expansion streak to kick off the year as revolving and non-revolving debt grew, new Federal Reserve data confirm.

New York United States Anuj Nayar Mark Hamrick Joe Raedle Getty Bureau Of Economic Analysis

Source: theepochtimes.com

U.S. household debt hit a record $16.90 trillion

March 3, 2023

2022 saw household debt — notably credit card balances and auto loans — rise to new levels, jumping $394 billion in the fourth quarter of the year alone.

New York United States York Center Federal Reserve Bank Reserve Bank Microeconomic Data

Source: kiplinger.com