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Our Nation's Federal Reserve has certain economic targets to keep the country's growth moving in the right direction. They prefer to keep the federal funds rate between 2 and 5 percent. It is in this range that the nation's gross domestic product (GDP) will grow annually between 2 and 3 percent. Ideally, we would have a natural unemployment rate between 4.5 and 5 percent and domestic price increases will remain below the agency's target inflation rate of 2 percent.

Goals and targets aside, there have been times in the past that the federal funds rate has far exceeded that ideal range. We have also had periods where it was well below the stated sweet spot. In each instance, and every nudge or cut in between, there is a specific goal in min...

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As a business, you are likely flooded with information from every angle. The vast amount of data available to store and process can seem overwhelming, which is why so many companies put processes and controls in place to regulate data access. This creates pockets of people who are "in the know" as well as gateway bottlenecks just to view information.

Data democratization tears down those barriers and gives data access to anyone who needs it, with simple tools to help aid in analysis and decision-making. One interesting aspect of the democratization of data is the various effects that it has on the consumer.

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In the mortgage and underwriting industry, data is critical. It's how mortgage and underwriting teams make crucial decisions about who to lend to and what loans to buy.

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Congress is planning to use the Congressional Review Act to eliminate the new rule set forth by the CFPB. The goal is the removal of mandatory arbitration clauses in bank contracts and make it easier for consumers to take these entities to court.

Earlier this summer, the Consumer Financial Protection Bureau (CFPB) initiated a rule that would block the use of mandatory arbitration as a means to settle disputes between financial institutions and consumers.

Such contractual clauses are common in the financial industry. Approximately three-quarters of financial institutions - which include banks, payday lenders, student lenders, credit card companies, debt collectors, and credit reporting firms - have these mandatory arbitration agreements i...

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