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Banking, Real Estate

“US bank profits jump but watchdog warns of stress”

“The U.S. banking industry recorded higher profits in the second quarter of 2024, but the Federal Deposit Insurance Corporation on Thursday identified several lingering areas of concern including commercial real estate and credit cards. …However, it also noted that signs… Continue Reading…

Personal Finance

“Consumer complaints up 31% since 2018 about collection attempts for medical debt not actually owed, federal watchdog finds”

“For some consumers, medical debt they don’t even owe appears to ends up haunting them anyway. Complaints jumped 31% from 2018 to 2021 about debt collectors attempting to get consumers to fork over amounts that already were paid or otherwise… Continue Reading…

Banking, Economy

Not Good! “Former TARP watchdog: ‘No question’ that banks will need another bailout”

“A key figure in the financial crisis is not convinced that the U.S. government has fixed its “too big to fail” problem… Barofsky told Yahoo Finance that the largest banks have only gotten larger and more interconnected than they were… Continue Reading…