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…
37% of Americans paid a late fee in the last 12 months, report finds
Many consumers are finding it hard to keep up with their bills. To that point, 37% of Americans have been…
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…
Credit card interest rates are at record highs. Cards have ‘never been this expensive,’ CFPB says
Credit card interest rates have ballooned to record highs in recent years — and the growing portion of the formula…
Billions are on the line for lenders as White House finalizes credit card late fee cap
WASHINGTON — The Consumer Financial Protection Bureau’s ambitious rule proposal to crack down on credit card late fees, a $14.5…
Fed sparking irrational market optimism over potential rate cuts, former FDIC Chair Sheila Bair warns
Market optimism over the potential for interest rate cuts next year is dangerously overdone, according to former FDIC Chair Sheila…
One paycheck not enough: Digital bank Current finds almost half its customers have multiple jobs
The need for second — and often third — incomes is mounting, according to a top digital bank executive. Current…
Lawmakers take aim at credit card interest rates, fees as cardholder debt tops $1 trillion
Some lawmakers and regulators are calling for interest rate caps and lower fees on credit cards as debt levels march…
How many credit cards should you have? The answer isn’t zero, say experts
Who’d think a little plastic rectangle could be associated with so much mystery and angst? When it comes to credit…
‘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…
