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