7 Numbers Behind The General Misery For Consumers

For the past month, World Cup hospitality has been the name of the game for the City of Brotherly Love. Philadelphia unveiled its 39-day FIFA FanFest on June 11, and a week later on June 19, it saw a record-breaking 250,000 attendees. As of Wednesday, July 8, more than 425,000 fans have attended the event….

Wall Street giant Goldman Sachs has barred employees from trading on prediction-market contracts linked to financial markets and political events, ‌a ⁠source familiar with ⁠the matter said on Thursday. A memo was issued some time back in which the policy prohibits staff from participating in event-based ⁠contracts that could ‌create real or perceived conflicts of…

Servicing, Processing Support, AI Tools ; Lenders Focusing on Consumers; Thoughts on UAD 3.6 During a recent trip overseas, I spoke to a banker who stated, “Technology doesn’t stop at the border.” True. The days of writing out this Commentary or taking an app on a yellow pad of paper are long gone….

Key insight: San Francisco voters will decide on Nov. 3 whether to approve a governance framework that would make the city the first municipality in the country to establish a public bank. Expert quote: “San Francisco has every ability in the world to do a safe, successful public bank. But they need laws that are…

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A new bipartisan bill in Congress aims to improve the financing environment for condominium associations to make structural repairs. Democratic Rep. Debbie Wasserman Schultz and Republican Rep. María Elvira Salazar, both of Florida, reintroduced the Making Condos Safer and Affordable Act. It had a few provisions around financing for structural and safety repairs. Wasserman Schultz…