A “good ol’ boys” culture at the FDIC

A new report from an independent law firm says big changes are needed at the Federal Deposit Insurance Corporation, the agency that insures bank deposits and helps regulate the country’s financial system, to address widespread sexual harassment and discrimination allegations. The FDIC is The report says FDIC management’s response so far has been “insufficient.”

According to data from the Federal Reserve, consumer credit growth slowed way down in March — at a mere 1.5% annual rate compared to 3.6% in February. Credit card borrowing barely moved in March after a credit card spending frenzy the month before. We’ll discuss with Susan Schmidt,  head of public equity at the State of Wisconsin Investment Board.