Banking News & Insights
U.S. Third-Quarter GDP Growth Reported at 4.9%
Data released this week showed that the U.S. economy continues to demonstrate resilience....
As Expected, Fed Proposes Reduction in Cap on Bank Card Transaction Fees
The Federal Reserve surprised almost no one on Wednesday, as they proposed a reduction in the cap...
Regulators Approve Proposal to Modernize Fair Lending Rules
U.S. regulators have approved a proposal they say will modernize fair lending rules with changes...
Federal Reserve Expected to Propose Lowered Cap for Debit Card Swipe Fees
When the Federal Reserve Board meets on October 25, debit card swipe fees are expected to be one...
Third Quarter Profits Rise for BofA, as Goldman Sachs Sees Sharp Decline
Bank of America and Goldman Sachs reported third quarter profits this week, with vastly different...
U.S. Retail Sales Rise as Consumer Spending Remains Robust
Despite ongoing concerns about a slowing U.S. economy, consumer spending continues to show signs...