The financial news that actually matters
October 5 was set as the last day for comment on the Federal Reserve Board’s plan to modernize Regulation O, and the Board has moved that date to November 4, 2026. The extension was announced on October 2, three days before the original deadline would have passed. It changes only when comments are due on…
Stablecoin issuers supervised by the Federal Reserve would have to back every coin they issue with approved reserve assets, under a proposal the Federal Reserve Board released for public comment on September 24, 2026. The assets named are short-term Treasury bills and certain other high-quality, liquid assets, so the proposed list is wider than bills…
Outstanding consumer credit in the United States stood at $5,186.2 billion in July 2026, according to the Federal Reserve’s G.19 statistical release. The number is a level, a running stock of what households owed at month’s end, adjusted for seasonal patterns and marked preliminary, which means later releases may revise it. The Federal Reserve Board’s…
The Internal Revenue Service has stretched the window for livestock producers to replace animals they sold because of drought, from the usual two years to four. The relief, issued as Notice 2026-54, covers farmers and ranchers across 49 states, and it comes with a second extension for producers whose replacement period would otherwise run out…
The U.S. Census Bureau reported that housing completions in August 2026 ran at a seasonally adjusted annual rate of 1,128,000 units, down 11.9 percent from July’s revised 1,280,000 and down 27.1 percent from the 1,548,000 rate of August 2025. The figures come from the New Residential Construction report (release CB26-147), issued September 17, 2026 jointly…
FHA INFO 2026-22, dated September 22, 2026, asks the public to review draft changes to the minimum property requirements for FHA-insured mortgages and to send feedback through November 6. Nothing in the announcement is final. The drafts are proposals posted for review, and no change takes effect for any borrower on any date because of…
Challenger, Gray & Christmas, a private outplacement firm that keeps its own running count of layoff announcements, logged 573,195 announced job cuts from January through September 2026. September contributed 43,281 of them, according to the firm’s report published October 1. The year-to-date total is cumulative, and it counts plans that employers have announced, not separations…
A prearranged chapter 11 filing on September 30 came with a list of 76 stores to shut and a sentence aimed at shoppers: “All gift cards and loyalty program benefits will continue to be honored.” Both are in the press release Leslie’s attached to its SEC filing. The gift-card line is the company’s own statement…
A line on Verizon Wireless bills labeled the Regulatory Charge moves from 21 cents to 26 cents a month on November 1, 2026. The company states the change on its own surcharges page, and the amount is set per line rather than per account. Verizon lists the charge among surcharges it describes as its own,…
Two roof rail air bag modules come out of each affected pickup and two new ones go in, with the owner billed nothing, under a General Motors recall that federal records tie to 1,559 trucks. GM filed the campaign, numbered 26V611000, with the National Highway Traffic Safety Administration on September 24, 2026. The remedy is…