Consumer credit

CFPB cracks down on popular paycheck advance programs. Here’s what that means for workers

The Consumer Financial Protection Bureau is cracking down on so-called paycheck advance programs, which have grown popular with workers in…

Home equity is near a record high. Tapping it may be tricky due to high interest rates

Home equity is near all-time highs. But tapping it may be tough due to high interest rates, according to financial…

Cash discounts, while still rare, are up over 60% from 2015. Here’s how much you can save

Sometimes, it pays to pay with cash.   More merchants are offering a lower price to customers who use cash…

Workers are paying to get part of their paychecks early. It’s ‘payday lending on steroids,’ one expert says

Millions of American workers are paying for early access to their paychecks. In some cases, it can come with a…

Wells Fargo unveils 2024 target, warns of ‘really, really sloppy’ first half for stocks

Wells Fargo Securities is officially out with its 2024 stock market forecast. Chris Harvey, the firm’s head of equity strategy,…

Fears over access to credit hit highest level in more than a decade, New York Fed survey shows

American consumers are worried about access to credit amid persistently higher interest rates and tighter standards at banks, according to…

Treasury yield jump is not ‘death to equities,’ BofA’s Savita Subramanian says

The latest jump in Treasury yields is not “death to equities,” BofA Securities’ Savita Subramanian told CNBC’s “Fast Money” on…

‘Bite of these higher rates is gaining traction almost every day,’ KBW CEO Thomas Michaud warns

A major financial services CEO warns the economy hasn’t fully absorbed higher interest rates yet. Thomas Michaud, who runs Stifel…