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MND - Newswire 12/05/2019 10:32
. Economists and investors have their eye on debt. Have a balance on your credit. card? Or a mortgage, or car loan? You're not alone. Federal, corporate and. household debt worldwide stands at an unprecedented , nearly. three times the volume of economic output. (To keep things in perspective,. if you paid $1 million a year to reduce that, it would take 250 million years,. not including accrued interest.) Does anyone care? Some economists say. borrowing should increase and debt is not a problem as long as it remains. sustainable, while others say the effectiveness of monetary policy will be. curtailed if a crisis occurs. Fortunately in MBS land, US mortgage. delinquencies have fallen to near 25-year lows. Hopefully home buyers don't. want to go throu.
MND - Newswire 04/03/2018 13:01
The Acting Director of the Consumer. Financial Protection Bureau (CFPB) presented the Bureaus semi-annual report to. Congress on Monday. The report, which. details CFPB's work through the end of the 2017 Fiscal Year, was not the main. event. Mick Mulvaney, who holds the temporary. position in the CFPB along with being director of the Office of Management and. Budget (OMB), prefaced the report with a memo suggesting Congress make changes. that will fundamentally alter the mandate and structure of the agency. ...(). Forward this article via email: to someone you know that may want to read it.

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