WASHINGTON-Consumers' ability to afford a mortgage down payment is still severely impaired, according to a poll by the National Foundation for Credit Counseling.
The NFCC asked identical questions in May 2010 and May 2011, and the results show little change, with both of them revealing that nearly half of the respondents would never be able to save enough money for a down payment on a home, with only 12% indicating they would have no trouble coming up with a 20% down payment.
The top five banks and thrifts have combined total assets of nearly $13 trillion.
The banking-as-a-service middleware provider will be acquired by TabaPay. Other middleware providers may be forced to evolve or face the same fate.
Institutions and their investors are facing pressure from climate activists, cautiously awaiting interest rate cuts and adjusting to new Federal Reserve and FDIC policies.
A new Citizens Bank survey suggests rising check-fraud incidents are driving middle-market companies to accelerate plans to fully adopt digital payments. But 70% of all businesses will continue to rely on checks for years to come, according to recent data from the Association for Financial Professionals.
After several quarters of slumping investment banking and trading fees, the Charlotte, North Carolina-based company reported a big uptick from that division, which helped compensate for a large decline in net interest income.
The Federal Reserve's Office of the Inspector General says the Fed has yet to fulfill 65 recommendations, and also identified 18 outstanding issues at the Consumer Financial Protection Bureau.
