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dismal-jellyfish

Consumer credit increased at a seasonally adjusted annual rate of 2.4% during Q2.

Consumer credit increased at a seasonally adjusted annual rate of 2.4% during Q2. Revolving credit (credit cards) up 1.2%, while nonrevolving credit up 2.9%.

Consumer credit increased at a seasonally adjusted annual rate of 2.4% during the second quarter. Revolving credit (credit cards) increased at an annual rate of 1.2%, while nonrevolving credit increased at an annual rate of 2.9%. In June, consumer credit increased at an annual rate of 2.
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics
From June 1997 - June 2023, Pershing failed to report millions of fractional share trades

FINRA 'discipline' Alert: From June 1997 - June 2023, Pershing failed to report millions of fractional share trades to the FINRA/Nasdaq Trade Reporting Facility, the Over-the-Counter Reporting Facility, and their predecessor.

FINRA has made public that Pershing LLC failed to report millions of fractional share trades over a span of more than two decades. From June 1997 to June 2023, Pershing did not report these trades to the FINRA Trade Reporting Facility (FNTRF) or Over-the-Counter Reporting Facility (ORF), resulting in unpaid
dismal-jellyfish ๐Ÿ“ฐ News
Wall Street is big mad about FINRA's Securities Lending and Transparency Engine (SLATE) Rule 6500 Series. MFA petitions FINRA to limit proposed securities loan reporting rules.

Wall Street is big mad about FINRA's Securities Lending and Transparency Engine (SLATE) Rule 6500 Series. MFA petitions FINRA to limit proposed securities loan reporting rules.

The Managed Funds Association (MFA), represents over 180 fund managers (including traditional hedge funds, credit funds, and crossover funds) with assets exceeding $3.2 trillion, and has urged FINRA to limit its proposed enhanced securities loan reporting rules to what is mandated by the SECโ€™s final Securities Lending Rule.
dismal-jellyfish ๐Ÿงฑ Market Reform
Total household debt rose by $109 billion to reach $17.80 trillion.

NY Fed Q2 Report on Household Debt & Credit: Total household debt rose by $109 billion to reach $17.80 trillion. Auto & credit card delinquency rates remain elevated.

The Federal Reserve Bank of New Yorkโ€™s Center for Microeconomic Data released its Quarterly Report on Household Debt and Credit for Q2, revealing a $109 billion (0.6%) increase in total household debt in Q2 2024, reaching $17.80 trillion. Key Findings: * Mortgage balances rose by $77 billion to
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics
"Current economic conditions at home and abroad appear to be reaching an inflection point"

FSC Chairman holds meeting and emphasizes importance of comprehensive efforts to manage debt risks: "Current economic conditions at home and abroad appear to be reaching an inflection point"

Today, Financial Services Commission (FSC) Chairman Kim Byoung Hwan held a meeting with macroeconomic and financial market experts to review and manage financial risks. key takeaways from the meeting include: * Evaluating financial risks in four areas: household debt, real estate project finance, small business debt, and the soundness of the
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics