Deregulation is Not a 4-Letter Word, Neither is Regulation
The Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA) of 2018 initially imposed broad regulatory burdens on all large and community banks, even though many community banks do not engage in the risky lending that caused the 2008 financial…
Rate Risk Worries Returning to the Picture
A timely confirmation is expected for Kevin Warsh to be the next Federal Reserve Chair, with Jay Powell remaining on the Fed’s board until his term ends in January 2028 (awkward). While we don’t know exactly what will happen with…
Easy to Swipe, Harder to Pay
The Federal Reserve’s Open Market Committee meets April 29 to decide on interest rates, likely the last meeting chaired by Jay Powell before his term ends May 16. Credit card debt, one area greatly affected by interest rates, continues to…