News stories tagged 2022
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CFPB Report Finds Household Financial Health is Declining after Several Years of Increased Savings
Annual survey of consumer financial health shows downtrends in ability to repay debts The Consumer Financial Protection Bureau (CFPB) released a new Making Ends Meet report covering the financial health of...
Housing and Mortgage Markets Declined Significantly in 2022, Not Expected to Meaningfully Recover Until 2024
Authored by Fannie Mae December 19, 2022 — We have adjusted our 2022 economic growth expectations to 0.4 percent on a Q4/Q4 basis, up from 0.0 percent following both the...
Fed Actions on LIBOR
Federal Reserve Board adopts final rule that implements Adjustable Interest Rate (LIBOR) Act by identifying benchmark rates based on SOFR (Secured Overnight Financing Rate) that will replace LIBOR in certain...
NASCUS Summary: December 2022 NCUA Board Meeting
On December 15, the NCUA Board held its final meeting of 2023. The Board was briefed on the Share Insurance Fund’s (SIF) Normal Operating Level, which will remain at 1.33%....
Dec. 16: CFPB Updates This Week
CFPB & FHFA news release announcing the publication of updated loan-level data for public use collected through the National Survey of Mortgage Originations The Consumer Financial Protection Bureau (CFPB) and...
Dec. 12: CFPB News This Week
NASCUS Member Benefit: Recent CFPB Resource Summaries CFPB Consumer Financial Protection Circular 2022-07: Reasonable Investigation of Consumer Reporting Disputes 12 CFR Chapter X The Consumer Financial Protection Bureau (CFPB) issued...
NCUA Issues Letter to FCUs on Meeting Requirements
In March 2020, November 2020, and November 2021, the NCUA issued three letters to federal credit unions providing flexibility during the pandemic related to annual meetings.1 In those letters, the...
State Regulator Group Raises Concerns About FDIC Nominees
November 29, 2022 — The Conference of State Bank Supervisors is complaining that none of the nominees for the Federal Deposit Insurance Corp. board has state regulatory experience on the...
House Committee on Financial Services Announces December Schedule
The House Committee on Financial Services announced the following schedule for the month of December: Thursday, December 1 at 10 a.m. ET: The full Committee will convene for a hybrid...
CFPB News This Week
Biden Asks Supreme Court to Overturn Fifth Circuit’s CFPB Ruling The Biden Administration on Monday asked the U.S. Supreme Court to overturn an appeals court decision that found that the...
Senate Committee Hearing: New Consumer Financial Products and the Impacts to Workers
Click on the image above to access a recording of the hearing. THE COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS will meet in OPEN SESSION, HYBRID FORMAT to conduct a...
Survey of Consumer Expectations: Inflation Expectations Continue Decline at the Short- Medium-, and Long-Term Horizons
September 12, 2022 — The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the August 2022 Survey of Consumer Expectations, which shows that inflation expectations continued...