According to the Wall Street Journal the resumption of student loan repayments could divert up to $100 billion in American consumer spending over the next year. This resumption begins on October 1, and follows the payment pause...
Read MoreOn September 20, the Federal Reserve Board voted to keep the federal funds rate in the range of 5.25% and 5.5%, marking only the second meeting this year that the Fed opted to keep rates...
Read MoreIn a report issued by the FDIC on September 8, the agency acknowledged that measures could have been implemented by bank regulators to mitigate deposit runs at First Republic Bank. The report emphasizes that the FDIC could...
Read MoreAccording to Federal Reserve data, the growth rate of bank consumer lending has slowed, from 10.8% year-over-year growth in January, to 7.3% YoY growth in June, to only 5.9% YoY growth in July. Moreover, overall...
Read MoreAccording to the American Banker, a slowdown in commercial lending could hint at a forthcoming U.S. recession. Banks are tightening lending standards for commercial borrowers and charging higher rates for loans with riskier profiles. Tightening...
Read MoreThe Wall Street Journal reports that seasonalized severe delinquency rates among auto loans have reached the highest levels seen since 2006, due in part to record-high auto prices. Defaults and missed payments for sub-prime auto loans...
Read MoreAccording to the Wall Street Journal, investors are finding opportunities in commercial real-estate (CRE). CRE owners have started to sell distressed properties at lower prices. Investor opportunities may continue to rise as CRE values have...
Read MoreRecent data suggest that late payments and delinquencies, which were trending at historical lows, are creeping higher across different lending types. The Wall Street Journal cites S&P data that auto loan delinquency rates are higher...
Read MoreAccording to the Federal Reserve Bank of New York’s quarterly household debt and credit report, total debt increased by only 0.1% to $17.06 trillion during the second quarter. The increase was driven by credit card...
Read MoreAccording to the Wall Street Journal, home insurers have struggled to maintain profitability throughout five of the past six years due to increased claims and inflation. To encourage profitability, home insurers are attempting to pass...
Read MoreOn June 30, the Biden Administration announced a repayment plan for federal student loan borrowers, known as the Saving on a Valuable Education (SAVE) plan. SAVE is an income-driven repayment plan, under which borrowers will...
Read MoreHSBC’s recently released ESG survey indicates a rise in anti-ESG sentiment in the U.S. The survey, conducted from May to June 2023, polled 310 ESG professionals, representing 292 institutions with a collective $8.9 trillion in...
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