August 23, 2023
Cross River Bank and Current Launch Credit-Building Product
Cross River Bank has partnered with FinTech platform Current to launch a new credit-building product that will benefit Current’s over 4 million members. The credit-building product will enable Current members to establish...
August 22, 2023
CFPB Targets Heights Finance for Alleged Illegal Loan Churning
The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Heights Finance Holding, formerly known as Southern Management, and several of its subsidiaries, charging they have engaged in illegal loan-churning practices. The...
August 22, 2023
Biden Administration Unveils Student Loan Repayment Plan
The Biden Administration has unveiled a student loan repayment initiative that is set to benefit over 20 million borrowers. The Saving on a Valuable Education (SAVE) plan introduces an income-driven...
August 22, 2023
Holiday ‘Sales Creep’ May Burden Inventory-Laden Retailers
Right now, the headlines and news stories detailing the deluge of holiday merchandise on retailers’ shelves are a bit whimsical. Christmas is here, is the read across – and it’s...
August 21, 2023
Report: Northeast and West Coast Lose Investment Firms that Manage...
Investment companies are reportedly moving to states with a lower cost of living. More than 370 U.S. firms — equal to about 2.5% of the country’s total — moved their...
August 21, 2023
Auto Prices Speed Past Affordability as Defaults Climb
Times are tough for the American car buyer, whether they’re seeking new or used vehicles. New cars less than $20,000 are all but extinct, while the average American now needs...
August 20, 2023
Some Borrowers See Student Loan Relief Despite Court Ruling
Earlier this summer, the Supreme Court struck down President Joe Biden’s student loan forgiveness plan. It was bad news for many borrowers, but not all of them. As Bloomberg News reported Sunday...
August 17, 2023
CFPB Penalizes Freedom Mortgage for Incentives to Real Estate Brokers
The Consumer Financial Protection Bureau (CFPB) has taken action against Freedom Mortgage Corp. for engaging in illegal activities related to mortgage loan referrals. The CFPB found that Freedom provided real...
August 17, 2023
Americans’ $2 Trillion in Pandemic Savings Nearly Exhausted
American consumers’ savings cushion is no longer that cushiony, according to new Federal Reserve research. The savings people accumulated during the pandemic, which at one point topped $2 trillion, are...
