The Consumer Financial Protection Bureau (CFPB) has accused Rocket Homes, one of the U. S. 's largest mortgage lenders, and The Jason Mitchell Group of a secret kickback scheme. The CFPB claims that Rocket Homes provided real estate brokerages with rewards to encourage them to steer mortgage applica
The Federal Reserve decided to trim interest rates by a quarter percentage point on December 19. But they also tweaked their forecast, hinting that rate cuts won't speed up. Are high yields still the hot commodity for investors? Let's dig in! Investors often chase after stocks that promise high ret
The Consumer Financial Protection Bureau (CFPB) recently filed a lawsuit against some of the United States’ biggest banks. These include JPMorgan Chase, Bank of America, and Wells Fargo, along with the operator of Zelle—a popular peer-to-peer payment system. The CFPB claims that for the past seven y
Ever sent money using Zelle? You might want to hear this. The Consumer Financial Protection Bureau (CFPB) is suing the three biggest banks in the US. Why? They say these banks aren't doing enough to protect Zelle users from fraud. Zelle is a payment app that banks like JPMorgan, Bank of America, and
This holiday season, Americans are set to overspend on unwanted gifts, racking up a whopping $10. 1 billion in disappointing presents. That's right, nearly 53% of adults in the US will unwrap at least one gift they don't like. The average cost of these unwanted gifts has risen to $72, up from $66 la
Sports betting is a popular pastime, but it's not always a safe one, especially when people use credit cards to fund their bets. This practice can lead to unexpected fees and debt, making it harder for bettors to win or even break even. Lawmakers and credit card companies could help by stopping this
You know how sometimes prices go up, making things cost more? Well, that's called inflation. The Federal Reserve has a special way to measure this, and in November, their gauge showed a smaller increase than expected. That's good news, right? Not so fast! Economists were actually expecting a bigger
Young adults from Gen Z are facing a unique challenge. They're calling it a "midlife crisis, " even though they're just in their twenties. The dream of independence has turned into a nightmare for many. Why? Money problems, job instability, and worries about the future are taking a toll. These issue
Bitcoin took a dive below $92, 000 on Friday morning, rebounding slightly to $94, 104. 06. This drop follows the Federal Reserve’s signal that they’ll slow down interest rate cuts in 2025. Over the past day, Bitcoin has fallen by about 7. 7%, and since the start of the week, it’s down over 10% from
In a recent report, financial experts at FBS have taken a fresh look at the crypto market, examining key trends from 2024 and making bold predictions for 2025. The year 2024 was marked by significant growth, driven by important events like Bitcoin's halving and increased institutional interest in Et
