Articles

FDIC Proposed Rule Regarding False Advertising, Misrepresentations about Insured Status & Misuse of FDIC Name or Logo

August 13, 2021 - 3 min read

On May 10, 2021, the Federal Deposit Insurance Corporation (FDIC) proposed a rule to implement section 18(a)(4) of the Federal Deposit Insurance Act, which prohibits any person from making false or misleading representations about deposit insurance or from using the FDIC’s name or logo in a manner that would imply an uninsured financial product is…

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CFPB Adds Housing Assistance Loans to TRID FAQs

August 11, 2021 - 1 min read

On May 14, 2021, the Consumer Financial Protection Bureau (CFPB) updated its TRID FAQs to include questions and answers regarding housing assistance loans under the Truth-in-Lending/Real Estate Settlement Procedures Act Integrated Disclosure Rule, as implemented by Regulation Z (12 CFR 1026). The Q&As discuss that housing assistance loans are generally subject to TRID but may…

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ProBank Austin Advisor

August 9, 2021 - 1 min read

The strong labor market report should give the Fed a reason to alter rate guidance. The Federal Reserve is charged by Congress with conducting monetary policy in such a way as to promote full employment and stable prices. The data released in the last three months reflect a strong movement towards full employment. The labor…

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ProBank Austin Advisor

August 2, 2021 - 1 min read

Investors ignored the data from last week believing it is too soon to determine the base level of economic activity post pandemic. The Advance Report for second quarter economic growth was released last week. Real GDP was reported as having increased by 6.5% over first quarter levels. The consensus forecast called for an increase of…

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ProBank Austin Advisor

July 26, 2021 - 1 min read

A big week for data will cause volatility in both stock and bond prices. A huge amount of data will be released this week. This data should provide evidence of the strength of the rebound from re-opening from the pandemic. As recently as a month ago, forecasts called for growth of better than 10% for…

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ProBank Austin Advisor

July 19, 2021 - 1 min read

Investors continue to worry about the strength and length of the recovery. The strength and sustainability of the economic rebound continues to weigh on financial markets. The risk is growth slows in the second half of this year after the huge surge in Real GDP in the first half. The Federal Reserve has fed these…

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ProBank Austin Advisor

July 12, 2021 - 1 min read

The inflation data due out this week will be high but no one seems to care. The limited data released last week did nothing to resolve the caution investors are taking about the future course of economic recovery. The JOLTS data still reflects a record level of unfilled job openings. This condition limits the ability…

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ProBank Austin Advisor

July 6, 2021 - 1 min read

Uneven data releases add to the caution the Fed has been operating under. Conflicting data was released last week. The strong data included a large increase in consumer confidence and nonfarm payroll growth. The weaker data included motor vehicle sales, the unemployment rate, and trade deficit. It is weeks like this that makes determining the…

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ProBank Austin Advisor

June 28, 2021 - 1 min read

Economic conditions are beginning to reach a point where the new normal can be defined. The U.S. economy is rapidly reaching a stable condition where determinations can be made as to the nature of the environment post-pandemic. Personal income, spending and inflation for May were released last week. While the economy was not fully opened…

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