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Fed data shows pre-pandemic gains for lower-income families, but disparities continue

PROVIDENCE – The gap between the wealthiest families and the rest of the country decreased slightly from 2016 to 2019, with the biggest gains...

Report: Black, Hispanic Americans continue to face barriers to credit and...

PROVIDENCE – Black and Hispanic Americans were denied credit card applications roughly twice as often as their white peers, regardless of income, in 2019,...
THE FEDERAL RESERVE, shown above, has issued a report that anticipates increased commercial lending by credit unions based on the relaxing of rules two years ago. Is that a good thing? / BLOOMBERG FILE PHOTO/ANDREW HARRER

Regulators issue notice of proposed Volcker Rule exemption for small banks

PROVIDENCE – Federal banking agencies have issued a notice of proposed rule-making to exempt banks with less than $10 billion in assets from the...
THE FEDERAL RESERVE Board has introduced a proposal to scale back several elements of the Volcker Rule. / BLOOMBERG FILE PHOTO/ANDREW HARRER

Fed releases proposal for easing Volcker Rule trading limits

NEW YORK - Wall Street’s long campaign to chip away at the toughest trading restriction imposed on banks after the financial crisis is finally...
A NEW STUDY RELEASED by TransUnion identified 10.6 million borrowers with debt tied to the market interest rate that have an elevated risk of not having the capacity to absorb a rate increase of 0.25 percent.

TransUnion: 10.6M consumers at risk of being unable to absorb interest-rate...

CHICAGO – A new study released last week showed most borrowers with debt tied to the market interest rate could absorb increased monthly payments...

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