Endorsed Federal Reserve hikes to counter inflation The House of Representatives Financial Services Committee questioned bank CEOs last week, inquiring on a variety of topics. The hearing primarily…
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Mortgage Rates Hit 5.89 Percent
Some banks offer zero-down financing. As the Federal Reserve attempts to curb inflation by increasing interest rates, mortgage rates continue to rise. The home lending rate is now…
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Treasury Secretary Expects EU to Further Aid Ukraine
Secretary Yellen attends bank meetings Thursday and Friday. Treasury Secretary Janet Yellen traveled to Germany and Poland this week to meet with G7 finance ministers and central bank…
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Federal Reserve Chair Secures Second Term
Jerome Powell received bipartisan support. The Senate on Thursday voted 80-19 to give Federal Reserve Chairman Jerome Powell a second four-year term, keeping him as the head of…
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Inflation Hits 31-Year High
The Consumer Price Index is up 6.2% over last October. The Department of Labor, which maintains data on the cost of living, has reported that the Consumer Price…
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Banking Industry Concerned with Comptroller Nominee
She has proposed major changes to the nation’s banking system. America’s national banking system regulates banks through state or federal charters and regulations. Banks apply for a national…
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U.S. Treasury Fines Bank $80M
Information of 106 million users hacked through data breach. This week the U.S. Department of the Treasury fined banking company Capital One $80 million in the wake of…
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