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Guest Post: 2012 Economic Year in Review by Dorothy Jaworski

Jeff For Banks

Looking Back at 2012 Every year, I usually write about the past year with mixed feelings, at times nostalgic for those events and at times, glad that the year is over. 2012 brought us highs, lows, and surprises. more “promises,” and a constant flow of new money into the markets. per gallon price level rather than the $4.00

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Guest Post: Financial Markets & Economics Update by banker Dorothy Jaworski

Jeff For Banks

The markets are taking it all in stride, rallying strongly for most of this week and they seem more grateful for the prospect of a divided Congress, i.e, The markets believe the chance of tax hikes, repeals of tax cuts, and gigantic initiatives are greatly diminished. The national unemployment rate peaked at 14.7% in October.

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Guest Post: Financial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

Stock and bond market volatilities are also seeing winter squalls and are sending messages about shifting investor sentiments about risk. in May, 2012, but not near the all-time high of 22.0% The federal stimulus also drove our national debt levels to over $30 trillion, or 123.4% The index is currently at 11.5%

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OCC issues proposed rule on fair access to financial services

CFPB Monitor

A bank with $100 million or more in total assets would be presumed to hold such a market position but could attempt to rebut the presumption by submitting written materials to the OCC demonstrating it does not hold either market position. Comments on the proposal are due by January 4, 2021.

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Guest Post: Third Quarter Economic Update by Dorothy Jaworski

Jeff For Banks

First of all, if they continue to buy securities, they are removing many of the high quality securities from the marketplace, possibly causing a disruption or shortage in the markets. We may be skeptical, but the markets keep telling us: Don’t fight the Fed! in the second quarter of 2012. We should all be so lucky.

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Guest Post: 4th Quarter Economic Update by Dorothy Jaworski

Jeff For Banks

Before looking ahead to 2012, I can’t resist the traditional temptation to look back at the past year. These events led to the stock market taking a beating of -12% to -14% in the third quarter, but a fourth quarter recovery of +8% to +12% and a Santa Claus rally of close to +1% saved the day. Volatility, anyone?

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CFPB and OCC settles claims of alleged unlawful practices for credit card add-on products

CFPB Monitor

The CFPB announced that it has entered into a consent order with First National Bank of Omaha to settle charges that the bank engaged in unfair or deceptive acts or practices in connection with the marketing and sale of credit card add-on products and the billing of consumers for such products.

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