ECB’s Lane warns of higher, stickier inflation as second energy wave hits

You’ve likely heard by now that Social Security’s benefit payments will be 3.6% bigger beginning in January than they are now, reflecting the price inflation U.S. consumers have experienced over the past 12 months. If you’re already receiving Social Security retirement benefits, however, this annual cost-of-living adjustment (COLA) might be inadequate. That’s because anyone receiving…

(Bloomberg) — In recent years, Wall Street has turned a quirk of ETF plumbing into a $23 billion business helping wealthy investors reshape appreciated stock portfolios without immediately triggering a capital-gains tax bill. On Monday, the Internal Revenue Service delivered the clearest threat yet to the trade, targeting its most aggressive forms and setting off…

Exclusive-Fast-fashion group Shein agrees to pay $100 million to settle US FTC probe

On standing, the court found Wells Fargo’s predecessor held the note – endorsed in blank – when the action was commenced. A document execution associate at the loan servicer submitted an affidavit confirming possession. The estate did not raise a triable issue of fact.  On notice, a process server’s affidavit showed the administrator had been…

Borrower Intelligence, Margin Mgt Tools; MBA and Affordability; FASB Servicing Proposal; DSCR Interview “My coworker asked me how I’m doing this morning. Yet another third party trying to steal my data!” Data travels at the speed of light. Mickey D’s is reportedly using artificial intelligence to “dynamically” price its burgers. Imagine a lender…

New York Fed’s John Williams says “there is no need for urgency” after the central bank’s September hike.