Natural Disaster Recovery Sparks Jump in Consumer Spending
In the wake of major hurricanes in Texas, Florida, and Puerto Rico, Secretary of Commerce Wilbur Ross announced a 3% increase in Gross Domestic Product (GDP) for the 3rd quarter of 2017. In particular, consumer spending jumped one percent in September alone, one of...
Pence Breaks Tie, Senate Votes to Repeal Arbitration Rule
Barely one day after the U.S. Department of the Treasury issued a report on the likely monetary and compliance impacts of the new regulation, a split 50-50 Senate led Vice President Pence to cast the deciding vote in favor of repealing the Consumer Financial...
Treasury Report Slams Potential Impact of CFPB Arbitration Rule
Only a few weeks after Acting Comptroller of the Currency Keith Noreika expressed concern over the added costs associated with the recently issued arbitration rule, the U.S. Department of the Treasury released a report on Monday detailing the likely monetary and...
