News from July 2023

CFPB Director: 'I am pleased to report that the CFPB continues to deliver tangible results for the public today"

U.S. Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra had some good and not-so-good news for consumers, as well as the tech and banking industries, that he was "pleased" to deliver to congressional representatives last month.

Dallas Fed: Weak prices have brought 'oil and gas activity to a standstill in the second quarter'

The Federal Reserve Bank of Dallas released its quarterly energy survey on June 23, which found that oil and gas activity was unchanged during the second quarter, while the business activity index dropped to 0, down from 2.1 in Q1.

IMF's Gopinath talks to European Central Bank Forum on 'how to contend with high inflation'

International Monetary Fund First Deputy Managing Director Gita Gopinath told officials at the European Central Bank Forum on Central Banking 2023 that while some of the key elements of inflation have been contained, others could still cause economic strife.

KC Fed Chair Chad Wilkerson: District services activity 'increased significantly' in June

The Federal Reserve Bank of Kansas City's monthly Services Survey released June 23 said the Tenth District's activity climbed rapidly in June, but expectations of future activity decreased slightly.

U.S. Bank's Haworth on Fed's rate-hike policy: 'To this point, the economy is avoiding a recession'

The Federal Reserve held firm on its target federal funds rate, keeping it within a range of 5.00% to 5.25%.

KC Fed's Wilkerson on latest manufacturing survey results: 'Regional factory activity declined further in June'

The Federal Reserve Bank of Kansas City recently released its Manufacturing Survey for June.

CFPB Director Chopra says bureau 'continues to deliver tangible results for the public'

Rohit Chopra, the director of the Consumer Finance Protection Bureau, made his opening statements to the Senate Committee on Banking, Housing and Urban Affairs on June 13, where he reported that the CFPB is continuing to ensure that consumers are protected while preparing for the future.