#consumer-finance

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#economy

Big banks are bracing for losses as Americans struggle to pay off debt

US consumers and businesses struggle with debt repayment amid rising inflation and interest rates, prompting banks to increase reserves for potential loan losses.

Why the interest-rate cut isn't delivering the relief consumers were hoping for

Fed rate cuts aren't providing immediate relief to consumers as borrowing costs remain high due to rising 10-year Treasury yields.

Big banks are bracing for losses as Americans struggle to pay off debt

US consumers and businesses struggle with debt repayment amid rising inflation and interest rates, prompting banks to increase reserves for potential loan losses.

Why the interest-rate cut isn't delivering the relief consumers were hoping for

Fed rate cuts aren't providing immediate relief to consumers as borrowing costs remain high due to rising 10-year Treasury yields.
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#auto-loans
from www.nytimes.com
3 weeks ago
Digital life

What to Do if You Fall Behind on Auto Loan Payments

Lenders are illegally repossessing cars even after borrowers make payments or extensions, causing financial strain on families.

What to know about a consequential Fed meeting.

The Federal Reserve's imminent interest rate cut aims to benefit borrowers, potentially reducing overall borrowing costs.

What Fed Rate Cuts Will Mean for Five Areas of Your Financial Life

The Federal Reserve is expected to lower interest rates, benefiting borrowers but impacting savers.

What to Do if You Fall Behind on Auto Loan Payments

Lenders are illegally repossessing cars even after borrowers make payments or extensions, causing financial strain on families.

What to know about a consequential Fed meeting.

The Federal Reserve's imminent interest rate cut aims to benefit borrowers, potentially reducing overall borrowing costs.

What Fed Rate Cuts Will Mean for Five Areas of Your Financial Life

The Federal Reserve is expected to lower interest rates, benefiting borrowers but impacting savers.
moreauto-loans

How Kamala Harris would continue to rein in 'junk fees' for consumers

The U.S. consumer finance watchdog may expand its crackdown on hidden fees like mortgages and credit reporting if Kamala Harris wins the presidency.
#fintech

Exclusive: Fintech Mesa launches promising 1% cash back on mortgages, up to 3x on other home needs

Mesa offers cashback and rewards for homeowners on mortgage and related expenses.
The mortgage product provides a unique approach to home financing by integrating rewards similar to credit card systems.

British unicorn Zilch turns profitable - Silicon Canals

Zilch achieved its first operating profit and over $130M revenue run rate, marking a significant milestone in the competitive fintech landscape.

Exclusive: Fintech Mesa launches promising 1% cash back on mortgages, up to 3x on other home needs

Mesa offers cashback and rewards for homeowners on mortgage and related expenses.
The mortgage product provides a unique approach to home financing by integrating rewards similar to credit card systems.

British unicorn Zilch turns profitable - Silicon Canals

Zilch achieved its first operating profit and over $130M revenue run rate, marking a significant milestone in the competitive fintech landscape.
morefintech

These10 Credit Cards Pay You Back More Than 2% Back

Due diligence is essential for evaluating credit cards, similar to stock market investments.
#federal-reserve

5 top money moves to consider before the Federal Reserve's first rate cut since 2020

An interest rate cut is likely coming soon, offering potential relief to consumers facing high interest charges.

Here's what to do before the Fed cuts rates-'you want to jump on that now'

The Federal Reserve plans to cut interest rates soon, affecting personal finance aspects like debt, savings, and loans.

The Federal Reserve sets the stage for a rate cut here's what that means for your money

The Federal Reserve is likely to cut interest rates in September, easing financial burden for consumers.

5 top money moves to consider before the Federal Reserve's first rate cut since 2020

An interest rate cut is likely coming soon, offering potential relief to consumers facing high interest charges.

Here's what to do before the Fed cuts rates-'you want to jump on that now'

The Federal Reserve plans to cut interest rates soon, affecting personal finance aspects like debt, savings, and loans.

The Federal Reserve sets the stage for a rate cut here's what that means for your money

The Federal Reserve is likely to cut interest rates in September, easing financial burden for consumers.
morefederal-reserve

Californians are not paying their bills at the highest level since 2021

Californians had the highest delinquency rate in paying bills since 2021's fourth quarter but still below pre-pandemic levels.

Equifax says mortgage-holders in B.C., Ontario, increasingly missed payments during Q4 | CBC News

Consumers in Ontario and British Columbia facing mortgage and credit payment challenges due to interest rates and inflation
Mortgage delinquency rates in Ontario and British Columbia surpassing pre-pandemic levels

Solving the credit riddle: providing mortgage professionals and borrowers the tools they need

Consumers express concerns about credit building, late payments, and credit report inaccuracies.
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