Auto loan balances increased for the 18th straight quarter, this time by $39 billion, and stand at $1.05 trillion as of the end of September.
Seven in 10 Americans said they will use either cash (39 percent) or a debit card (31 percent) for most of their holiday purchases.
The national credit score — as measured by the VantageScore formula created by the three credit bureaus — improved by three points over the last year, and by five points…
Despite a fairly grounded economic recovery since the 2008 financial crisis and Great Recession, the share of millennials living with their parents has surged back to levels not seen since the 1940s.
Consumers’ most frequent complaints were about incurring late fees and credit report problems “due to confusing payment processing schedules and difficulty disputing bill inaccuracies,” the CFPB says.
Chase Pay will be available in mid-2016 to Chase’s customers, covering 94 million credit, debit and pre-paid card accounts.
A strengthening labor market and mortgage rates still at historic lows, hovering at about 4 percent, are contributing to higher demand for new homes.
Asset-backed securities, which are making a comeback via online lenders, were infamous for their use in bundling mortgages during the run-up to the financial/housing market crisis.
The second biggest ride-haling business has unveiled a package of perks for drivers that includes daily payouts for some drivers.
Consumer advocates say that arbitration unfairly limits customers’ options and potential financial recovery.