Trial attorney Rogge Dunn has filed two class-action lawsuits against lenders alleging violations of the Texas Deceptive Trade Practices Act, negligent misrepresentation and gross negligence against Texas homeowners. Filed in state court in Dallas County, the lawsuits target loanDepot and Cardinal Financial, Rogge Dunn Group said in a Wednesday (Dec. 13) press...
A recent report by PYMNTS Intelligence has shed light on a growing trend among consumers — they are tipping less this year. The “Tipping Over: Consumers Reducing Spending and Avoiding Tips” report, the 17th installment in the PYMNTS “Consumer Inflation Sentiment” series, draws on insights...
The unemployment rate is at pre-pandemic levels and inflation has dropped from 9.1% in July 2022 to 3.2% in October 2023, according to the Bureau of Labor Statistics. Yet 38% of all consumers say they are worse off than last year, and 62% are very...
Higher rates are proving to be headwind to borrowing, per the Federal Reserve’s latest stats. But growth is still growth and consumers are still tapping traditional credit sources to augment their spending. The Fed’s report on consumer credit, released late Thursday (Dec. 7) showed that...
When household finances are tight, consumers use various strategies to manage their budgets and make ends meet. This behavior applies to every spending category, from clothing to travel, but especially to essentials like groceries. After two years of persistent inflation, a more cost-conscious U.S. consumer...
As people build up their savings, they tend to loosen the reins on their spending habits. In fact, it appears that a higher savings balance often acts as a green light for consumers to indulge in purchases that fall into the category of “nice-to-haves” rather...
The Federal Trade Commission (FTC) says it wants to help consumers hurt by misleading “preapproval” Credit Karma offers. The FTC announced Tuesday (Dec. 5) that it was launching a claims process for nearly 500,000 consumers involved in the matter. The agency last year fined Credit...
As the economic and financial imbalances caused by the pandemic persist, access to credit has become vital for covering short-term financial needs, purchasing goods and services, and paying bills. Against this backdrop, overdrafts have emerged as a popular form of credit, providing consumers with financial...
Improving credit scores can have significant financial benefits for consumers by accessing better lending conditions and low interest rates. With improved scores, consumers can increase their available amount of discretionary spending and help ensure they can afford everyday essentials. However, many consumers do not have...
