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Stepping back: The U.S. Consumer Financial Protection Bureau issued a list on Friday of nearly 70 policy and regulatory guidance documents stretching back more than a decade that the agency plans to rescind. The announcement, which is not final, is the latest step in the administration’s reorientation of the bureau’s work under President Donald Trump. Read more from Reuters.
Increasing prices: Nestle USA is increasing prices for some chocolate products due to commodity costs, a sign that sweet treats will stay expensive for consumers in the near term. The U.S. division of Nestle SA, the world’s largest food company, will raise prices of its Toll House morsels, baking cocoa and fudge kits starting June 23, according to a memo viewed by Bloomberg News. Read more from Bloomberg.
Staying put: Renters are increasingly opting to stay in their apartments when their leases end. Analysts are calling the low turnover “striking” and that some of the largest landlords are seeing turnover at just 30% compared with the industry norm of 50%. Read more from CNBC.
