Consumer Alert: Do New Yorkers pay more for health insurance under the Affordable Care Act? – News10NBC
Are New Yorkers paying more under the Affordable Care Act than people elsewhere? Open enrollment begins in just over two months, and if you don’t have health insurance, you can visit New York’s Affordable Care Act portal to choose a plan. An interesting question came from a viewer about how New York’s program compares to […]
Revived Democrat Hope Boosts Consumer Sentiment
Americans still think the economy is pretty bad, but revived hopes for a Democratic election boosted consumer expectations in August. The University of Michigan Consumer Sentiment Index was roughly flat for the fourth straight month. Compared to a year ago, consumer sentiment is slightly weaker than it was a year ago. But beneath that surface […]
Americans’ household debt surged in recent years amid challenging consumer environment
Former Council of Economic Advisers chairman Kevin Hassett responded to former President Trump’s explanation of his economic policies to Kudlow, R-N.C. Liabilities American Households Amid a tough economic environment for consumers, delinquency rates have skyrocketed over the past few years, reaching their highest levels in more than a decade. According to a quarterly report released […]
Lobbying World: Consumer Brands Association regroups as CEO departs
of Consumer Brands Association The Association of Life Insurance Companies (CBA) has announced a slew of new hires and promotions following the departure of former CEO David Chavern to become president and CEO of the American Association of Life Insurance Companies. CBAs have been added Jonathan Bridgman As a Membership Program Manager, Jennifer Smith As […]
There’s Something Very Strange in the Fed’s Consumer Data
Trump expectations rise, inflation expectations fall In a presidential election year, many economic surveys cannot escape the significance of expectations for the presidential election results. Federal Reserve Bank of New York Monthly survey of consumer expectations Showed Surprising fall in inflation expectations The median inflation expectation for the three-year future fell 0.6 percentage points to […]
Consumer Confidence Gets A Boost As Economic Optimism Grows
American consumers are becoming a little more optimistic about the economy. The Conference Board’s index rose to 100.3 from a revised June reading of 97.8, a slight increase but still below pre-pandemic levels and not enough to lift mood overall. The outlook for the next six months has brightened, reaching 78.2, the highest since January, […]
Consumer Sentiment Unexpectedly Sinks To 8 Month Low
The Biden campaign had hoped that a recent drop in inflation might lift voters’ views of the economy, but those hopes took a hit on Friday after the University of Michigan said its gauge of consumer sentiment fell to its lowest level in eight months in early July. Preliminary results from the University of Michigan […]
Stock futures dip slightly as traders brace for key consumer inflation report: Live updates – CNBC
13 minutes ago European stocks open higher See the chart… Stoxx 600 Index. 8 hours ago Federal Reserve Fines Citigroup $60.6 Million The Federal Reserve on Wednesday fined Citigroup $60.6 million for violating a 2020 enforcement action. press release. “Citigroup failed to adequately remediate its data quality control issues and failed to implement compensation controls […]
Consumer watchdog unveils foreclosure protections proposal
The Consumer Financial Protection Bureau (CFPB) proposed new rules on Wednesday aimed at helping homeowners facing foreclosure. The proposed rules would require mortgage servicers to exhaust all options to help homeowners before foreclosing and would limit the fees they can charge while they explore options, such as a temporary payment halt or extending the loan […]
CFPB Takes Action Against Fifth Third for Wrongfully Triggering Auto Repossessions and Opening Fake Bank Accounts – Consumer Financial Protection Bureau
Washington DC – The Consumer Financial Protection Bureau (CFPB) today took action against Fifth Third Bank for a series of illegal activities that will result in the bank paying a $20 million penalty and providing compensation to approximately 35,000 affected consumers, including approximately 1,000 who had their vehicles repossessed. Specifically, the CFPB is ordering Fifth […]