Category Archives: U.S. Economy

2012 Off to Good Start with Strong Lending Results

This week both Citi and JPMorgan Chase announced strong results for small business lending in 2011. Chase’s announcement of a 52% increase year-over-year for small business lending was staggering, with a total of $17 billion lent to American small businesses … Continue reading

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BITS and FS-ISAC Launch Service to Reduce Email Fraud

BITS, the technology policy division of The Financial Services Roundtable, and the Financial Services Information Sharing and Analysis Center (FS-ISAC) are offering financial institutions a new service to prevent email fraud and phishing attacks through enhanced threat intelligence. The Trusted … Continue reading

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Business Lending Up 8% for 2011

As we begin 2012, there are signs that the economy is growing. New construction of apartment buildings and supermarkets can be seen around town. Signs for hire are posted in storefront windows. But it is business lending in particular, that … Continue reading

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Let’s Go:The CFPB and Financial Services Companies

 Last week, the Consumer Federation of America, one of the most effective and respected consumer organizations in the country, hosted a conference in Washington, DC.  I was honored when CFA invited me to speak at the conference because while we … Continue reading

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Have a Safe Holiday Season Online

Nine million shoppers logged in Cyber Monday to contribute to the biggest online spending day in history. Online sales hit a new one-day high of $1.028 billion, an increase of 15.9% over last year, according to comScore Inc. data. Since … Continue reading

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WaPo Article on Fed Loans is Myopic and Misleading

Today’s Washington Post article, “Secret, low-interest loans from Federal Reserve helped banks reap $13 billion in income,” is myopic and misleading. Let’s travel back in time to fall of 2008. Top headlines were: “Stocks Drop Sharply and Credit Markets Seize … Continue reading

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More to the Story: The Reality of Financial Services Post Crisis

Zach Goldfarb’s recent article, “Wall Street’s resurgent prosperity frustrates its claims, and Obama’s” (November 6), lays out a number of concerns of how the financial services industry has operated since the financial crisis. Data show there is much more to … Continue reading

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Gallup News:U.S. Unemployment Improves in October

Some promising news from Gallup in the area of unemployment. Unemployment, as measured by Gallup without seasonal adjustment, is at 8.4% at the end of October, down from 8.7% in September and 9.2% in August. Unemployment was at 8.3% in … Continue reading

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Getting Back to Business

This weekend my 6 year old granddaughter and I stopped by a Wells Fargo bank branch in Annadale, VA. There we found a lobby filled with Americans happily doing, of all things, banking business. Over the course of a hour … Continue reading

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Working Past Retirement: New Gallup Survey

A recent poll from Gallup finds that 63% of Americans will continue to work at least part-time following retirement. That same poll finds that 18% will work full time past retirement age. Read more.

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