Interest Rates

Pandemic’s Main Street Lending Program Borrowers Still Struggle With High Interest Rates
Pandemic’s Main Street Lending Program Borrowers Still Struggle With High Interest Rates
November 22, 2024  |  Loans

The Federal Reserve’s pandemic-era Main Street Lending Program reportedly had $1.23 billion in interest and principal payments in default as of Oct. 31. Get the...

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Fed Says Consumer Credit Decelerated in September; Card APRs Still at Multiyear Highs
Fed Says Consumer Credit Decelerated in September; Card APRs Still at Multiyear Highs
November 08, 2024  |  Consumer Finance

All eyes were on the Federal Reserve’s interest rate cut this week. Get the Full Story Complete the form to unlock this article and enjoy...

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Capital One Discloses CFPB Investigation of New High-Interest Savings Accounts
Capital One Discloses CFPB Investigation of New High-Interest Savings Accounts
November 01, 2024  |  Bank Regulation

Capital One disclosed Thursday (Oct. 31) that it could face an enforcement action by the Consumer Financial Protection Bureau (CFPB) regarding its introduction of a...

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Beneath Data Distortions, Jobs Market Shows Signs of Normalizing
Beneath Data Distortions, Jobs Market Shows Signs of Normalizing
November 01, 2024  |  Economy

The U.S. economy added the equivalent of a large company in October, according to data released Friday (Nov. 1) from the Bureau of Labor Statistics....

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BofA: CFOs and Treasurers Need New Approach to Liquidity Amid Interest Rate Volatility
BofA: CFOs and Treasurers Need New Approach to Liquidity Amid Interest Rate Volatility
October 30, 2024  |  CFO

Despite the interest rate cuts by the Federal Reserve — 0.5% for the first go-round in September, with more cuts widely expected — the fact...

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Consumer Confidence Marks Big Gain Despite Inflation Concerns
Consumer Confidence Marks Big Gain Despite Inflation Concerns
October 29, 2024  |  Economy

One week ahead of the election, we’re living in what might charitably be called uncertain times. Get the Full Story Complete the form to unlock...

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Consumer Sentiment Gets a Bump on Easing Interest Rates
Consumer Sentiment Gets a Bump on Easing Interest Rates
October 25, 2024  |  Economy

Consumers are feeling a bit more positive, notably about “buying conditions,” as shown in the latest release from the University of Michigan’s Survey of Consumers....

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CFPB Orders Apple, Goldman Sachs to Pay $90 Million Over Apple Card Violations
CFPB Orders Apple, Goldman Sachs to Pay $90 Million Over Apple Card Violations
October 23, 2024  |  Credit Cards

If there’s a regulatory body that’s been busier this week than the Consumer Financial Protection Bureau (CFPB), we’d be hard-pressed to name it. Get the...

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Home Improvement Expected to Pick Up Amid Lower Interest Rates
Home Improvement Expected to Pick Up Amid Lower Interest Rates
October 22, 2024  |  Retail

The home improvement business is reportedly expected to pick up, driven by lower interest rates and higher property values. Get the Full Story Complete the...

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