Wells Fargo to pay $3.7 billion settling charges it wrongfully seized homes and cars
The case marks the largest penalty ever imposed by the federal watchdog agency the Consumer Financial Protection Bureau. Customers who were harmed will receive $2 billion in restitution.
FTX investors fear they lost everything, and wonder if there's anything they can do
More than one million people may have lost their money in the spectacular collapse of the cryptocurrency trading firm. Some had big chunks of their life savings disappear into a black hole.
Some homebuyers lose deposits of $10,000, $20,000, or more due to high mortgage rates
There's a high-stakes tug of war over new homes. Many people who signed contracts before houses were built now are scared to buy them. Builders don't want them to back out and are keeping deposits.
How rising interest rates affect your day to day
The fed raised interest rates again this week by 3/4 of a percent, and mortgage rates have seen their biggest jump in 40 years. Borrowing on credit cards, and car loans is also going up.
Buying a home gets even harder as mortgage rates top 7%
It's harder to afford homeownership than it's been in decades as a steep run-up in both prices during the pandemic and more recently interest rates hit buyers from both sides.
Appeals court says financial watchdog agency CFPB's structure is unconstitutional
Three federal appeals court judges appointed by President Trump have ruled that the funding structure of the Consumer Financial Protection Bureau is unconstitutional.
When stocks are down, bonds hold steady or go up. So why are bonds down?
The U.S. stock market is down this year. When that happens, bonds typically go up. But right now, both stocks and bonds are down.
With mortgage rates near 7%, the housing party is over. Now it's hangover time
Higher rates are dashing the dreams of some would-be homebuyers while others stretch to buy but spend close to $1,000 a month more in monthly payments for a typical house.
Mortgage rates are up, sales of homes are down
The current percentage rate for the average home loan is nearly 7%. These mortgage rates continue to push home ownership out of reach for many Americans navigating a frothy housing market.
Bonds are down. That's hurting retirees and people trying to save for college
Investors are getting hit with a double whammy: stocks AND bonds are down. That's hurting retirees and people trying to save for college.