Credit card debt hit a record $1.21 trillion — here's why ‘no one should be surprised,' expert says
Credit card balances rose in the fourth quarter of 2024, the New York Fed found. Consumer spending continues to remain strong ...
Washington woman’s life savings wiped out by gold coin scam
OLYMPIA, Wash. — After a stellar career as a social worker and mental health program manager for the state of Washington, 73-year-old Barb Putnam, of Olympia, has lost the majority of her life savings ...
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See how many people in Washington don't have bank accounts—and where the most unbanked Americans live
Where are Americans least likely to use a bank? Spokeo analyzed data from the FDIC to illustrate where banking is falling ...
The CFPB took aim at Big Tech. Then Elon Musk moved to dismantle it.
In the days before Musk’s DOGE set its sights on the Consumer Financial Protection Bureau, X revealed plans for a payments ...
As Musk, Trump administration target CFPB, Democrats defend consumer watchdog's impact
The Consumer Financial Protection Bureau, an independent agency formed in the wake of the 2008 financial crisis to safeguard ...
Affirm plans to bring Buy Now, Pay Later debit cards to more users through deal with FIS
Affirm, which pioneered the buy now, pay later business (BNPL), has partnered with FIS in a deal that will allow the fintech company to offer the pay-over-time service to its banking clients and their ...
Americans' credit card debt reaches new record high: New York Federal Reserve
Americans' household debt is at a new all-time high $18.04 trillion, according to a report released Thursday by the Federal ...
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Little to no relief from high borrowing costs expected as Fed Chair Powell heads to the Hill
The odds of further interest rate cuts this year by the Federal Reserve dwindled last week as unemployment fell and more ...
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The Trump administration has stopped work at the CFPB. Here's what the agency does
It's the main U.S. agency tasked with overseeing the financial products and services used by everyday Americans. The CFPB's ...
What does having the Consumer Financial Protection Bureau on hold mean for consumers?
The Consumer Financial Protection Bureau, which Congress established to monitor credit card companies, mortgage providers, ...
Key takeaways from Fed Chair Jerome Powell’s congressional hearing
Washington (CNN) — The US central bank is in no rush to slash interest rates any time soon, Federal Reserve Chair Jerome Powell told lawmakers Tuesday. “With our policy stance now significantly less ...