Median-Priced Homes Not Affordable for Average Wage Earners in Most U.S. Housing Markets
Median home prices in the second quarter of 2019 were not affordable for average wage earners in 74 percent of U.S. counties.
In Broadside, ABA Calls for ‘Top-to-Bottom’ Assessment of CU Industry
The industry has long been a vocal critic of the corporate tax exemption that credit unions enjoy, as well as what some might call an overreach when it comes to credit unions’ field of membership expansions and some of the services they provide.
Report Ranks MA Credit Quality Average
Credit quality in Massachusetts ranked about average compared to the rest of the country.
Report Finds State Has One of Strongest Economies In U.S.
Massachusetts had the third best state economy in the study, behind only Washington and Utah.
‘SAFE’ Marijuana Bill Would Increase Deposits at Banks, CUs by $1.4B
Insured deposits at financial institutions would see a bump if Congress provided legal safety for those banking marijuana businesses.
Boston Homebuyers Need to Make More Than $106K to Afford a House
The annual salary needed to afford the median home in Boston is more than $106,000, a new study from HSH Assoc. has found.
Fintechs’ Share of Personal Loan Market Continues to Grow
Fintech companies continue to increase their share of the personal loan market.
Banking Industry Must Embrace Digital Transformation
The banking industry is the most likely to be negatively impacted if it does not embrace digital transformation, a new report has found.
Report: More Credit Unions Offer Free Checking Accounts
Many more credit unions offer free checking accounts than banks, according to a new Bankrate report; 82 percent of credit unions offer free checking accounts to everyone, compared with just 38 percent of banks.
CFPB REPORT: Credit Card Market Stable, Delinquencies and Charge-Offs Up
The credit card market is stable, but delinquency and charge-offs have modestly increased over the last two years, according to the Consumer Financial Protection Bureau’s biennial report on the state of the credit card market.
Banks Under $50B To Win Big Under Proposed Dodd-Frank Relief
The biggest winners in the Senate’s proposed Dodd-Frank Act relief bill would be banks that have not yet crossed the $50 billion threshold, and not yet incurred the additional compliance costs that accompany that threshold.
Consumer Spending In 2016 Increased At Slower Pace, Despite Higher Incomes
Consumer spending in 2016 increased at a slower pace year-over-year, despite a faster increasing pre-tax income per consumer unit, the U.S. Department of Labor Statistics reported Tuesday.
