Fresh Today

Fresh Today

NEW YORK—Recession concerns—and the hard lessons learned by many—continue to move further into the rear view mirror as a new report shows consumers are taking on larger balances for auto loans and credit cards, pushing overall household debt levels higher.

SAN FRANCISCO—John Stumpf, the embattled chairman and CEO of Wells Fargo who has been slammed by Congress for the scandal in which bank employees created more than two million sham accounts, has resigned.

WASHINGTON—The Federal Housing Finance Agency (FHFA) should work to ensure that Fannie Mae and Freddie Mac activities, including credit risk transfers, do not give advantages to lenders that conduct larger amount of business with the enterprises, asserts CUNA.