According the Bureau for Labor Statistics, 10.1 million Americans were unemployed as of October. As reported last month, the number of long-term unemployed — those jobless for 27 weeks or more — rose by 249,000, to 2.3 million. In the New York metropolitan market, thousands lost their jobs in just the months of September and October.

Money market funds had net inflows of $21.21 billion in the week that ended Tuesday and the amount of money in the funds hit a record $3.54 trillion, according to iMoneyNet's Money Fund Report.

While San Francisco had the biggest improvement in affordability for prices today versus 2019, Hartford remains in a very deep freeze, First American said.

Home prices increased 0.9% year-over-year and 0.1% month-over-month in January, according to the S&P Cotality Case-Shiller national home price index.

Stock prices jumped notably following the billionaire and legacy GSE investor's comment indicating Fannie and Freddie have been "stupidly cheap."

There’s no reason for the central bank to prohibit nonbank financial firms from entering the payments system as long as appropriate rules are put in place to protect against risk.

Despite complaints about the slow pace of change within government, policymakers, including agency heads, are increasingly focused on modernizing regulation, an important step forward for the industry.

Instead of investing in contactless cards, financial institutions should focus on moving their offerings to mobile — into apps that can do more than money management, argues Mehmet Sezgin, CEO and founder of myGini.