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U.S. banks need better defenses against rates shock, regulators warn

September 2, 2016 by · Leave a Comment 

Years of stubbornly low interest rates and expectations they will remain low for years to come have prompted U.S. banks to shift their balance sheets in ways that put them at risk if rates suddenly spike, regulators are warning. The dynamic “raises …

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U.S. banks need better defenses against rates shock, regulators warn

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New U.S. mortgage rules aim to stop wrongful foreclosures

August 4, 2016 by · Leave a Comment 

The U.S. agency charged with protecting consumers' finances approved rules on Thursday that will help prevent wrongful home foreclosures, as the regulator continues to press on with reforming the country's massive lending market. The rules by the Consumer Financial Protection Bureau (CFPB), created in the aftermath of the U.S. housing bust that began in 2006, build on current regulations requiring a mortgage servicer to grant certain foreclosure protections to a struggling borrower once …

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New U.S. mortgage rules aim to stop wrongful foreclosures

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U.S. jobless claims rise marginally, factory orders decline

August 4, 2016 by · Leave a Comment 

The number of Americans filing for unemployment benefits unexpectedly rose last week, while renewed job cuts in the energy sector boosted layoffs announced by U.S.-based employers in July. Despite the increases, the labor market remains healthy and will probably continue to support economic growth for the rest of this year

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U.S. jobless claims rise marginally, factory orders decline