Banking/Financial Institutions

Banking/Financial Institutions

House panel quickly approves CFTC tweaks

The House Agriculture Committee easily advanced legislation Tuesday that would reauthorize the Commodity Futures Trading Commission while tweaking its mandate.

The bill would give the CFTC Congress’s blessing to continue operating for...

Read More...

Consumers spending more on credit cards, keeping balances lower

Consumers are using their credit cards for more and paying down their balances, according to a new survey released Wednesday. 

The American Bankers Association (ABA) released a report showing that in the July-September quarter of last year, consumer spent more on non-essential goods and service while the average ending balances fell nearly 5 percent, a sign that consumers are less likely to use their cards for long-term debt purposes.

Read More...

Pages