Today In Data: Dodd-Frank And Other US Government Updates

Government regulation is at the core of what helps shape the financial system in nearly every country, and the U.S. is no different.

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    In this edition of Today In Data, we provide a brief overview of the effect of the House of Representatives’ vote to overhaul Dodd-Frank and the details behind the CFPB request for more transparent credit card promotions.

    Here are the numbers:

    1.4 percent | Amount the Financial Select Sector SPDR Fund, which tracks the S&P 500 financial stocks, surged since the vote to overhaul Dodd-Frank

    10 percent | Leverage ratio amount for banks to be exempt from regulation

    21 percent | Increase in purchases using deferred-interest promotions with credit cards between 2010 and 2013

    25 percent | Typical interest rate on retail credit cards

    150 percent | Amount of promotional balance one-third of people pay