Higher One to Repay $11 Million to 60,000 Students for Charging Excessive Overdraft Fees
Higher One has agreed to repay $11 Million in restitution to students who were victims of excessive overdraft fees.
February Existing Home Sales Experience Small Slump
Homes sales are also a sign of consumer confidence since people usually purchase homes only when they are feeling economically secure.
Jobless Claims Decline in March
The rate of jobless claims is an indicator for the health of the employment market, which is a factor in the health of the overall economy.
February Consumer Sentiment Index Shows Fears of Inflation
March’s preliminary consumer sentiment index report showed that overall consumer’s in the US are wary of the future of the economy.
Increase in Gas Prices Pushes Inflation Up in February
The increase in gas prices drove a 3.2 percent increase in the energy index as well, even when the price index for natural gas was falling.
Retail Sales Report Shows Consumers’ “Pent Up” Demand
February’s Retail Sales Report increased 1.1%. The report follows in a series of positive signs for the US economy.
Fourth Quarter GDP Report Shows Economy Growing
On February 29th the U.S. Department of Commerce’s Bureau of Economic Analysis released their GDP report for the fourth quarter of 2011.
Will You Benefit From the Mortgage Settlement with Ally Bank, Bank of America, Citibank, JP Morgan Chase and Wells Fargo?
If you believe you may be eligible for mortgage reduction as a result of this recent mortgage settlement, contact your servicing lender.
Fed Sees US Economy Treading Water
The bottom line is things are not looking up, nor are they looking down. The board was split about the overall direction of the US economy.
January Retail Sales Increase 5.5% Year Over Year
January’s retail sales amounted to $401.4 billion, which was a 5.8% increase over January 2011.
US Manufacturing Makes Gains in January
The Institute for Supply Management’s Manufacturing Index report shows that US manufacturing is strong and will continue to be strong.
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Most Recent
Redbook Report Shows Retail Sales Strong
The latest release of the Redbook Research shows that sales for the week ending June 2nd are up 3.1% from the same period one year ago.
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CFPB Holds Financial Services Firms Accountable for Contractors’ Violations
Under the oversight of the CFPB, financial services institutions are barred from engaging in deceptive or abusive practices toward consumers.
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Discriminatory Lending Practices Targeted by CFPB
The CFPB has the responsibility of acting as consumer watchdog for financial markets and will focus on discriminatory lending practices.
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Consumer Financial Protection Bureau Investigates Arbitration Clauses for Financial Services
Financial services companies prefer the use of arbitration clauses for financial services because of speed, lower cost and fairness.
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Consumer Confidence Drops Sharply in May
The drop in consumer confidence is surprising given last Friday the expectations for an improving economy were at their highest since 2007.
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Consumer Sentiment at the Highest Since October 2007
The Consumer Sentiment report from Reuters/ University of Michigan shows yet another increase in consumer confidence.
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