Finance
Subprime Consumers: A Durable Market Banks Overlook
New data reveals 44 million subprime U.S. adults represent a stable, credit-seeking segment often missed by traditional bank underwriting models.
Finance 214 articles
Finance
US 30-Year Mortgage Rate Hits 6.51%, Highest in Nearly Nine Months
The average long-term U.S. mortgage rate climbed to 6.51% this week, its highest level in nearly nine months, increasing borrowing costs for...
Finance
House Hearing Reveals Oversight Lagging Bank-FinTech Innovation
A House committee hearing scrutinized bank-FinTech partnerships, revealing concerns that regulatory oversight struggles to keep pace with rapid innovation and new risks....
Finance
Apple Stores: The Retail Bet That Defied All Predictions
Twenty-five years ago, BusinessWeek and other pundits predicted Apple's retail stores would fail. Data shows the opposite.
Finance
Fed Data: Households Maintain Big Purchase Plans Despite Inflation
New Federal Reserve data reveals consumers intend to maintain spending on major purchases, with a focus on managing payments to absorb costs.
Finance
Yotta Fined $1M by California Over Deceptive FDIC Claims
California regulators fined FinTech Yotta Technologies $1 million for misleading customers about FDIC insurance before the Synapse collapse, leaving many unable to...
Finance
EDUC Plans $0.5M Inventory Buys, Adds $2M Credit Line for FY27 Growth
Educational Development Corporation (EDUC) is strategizing phased $0.5M inventory purchases and securing a $2M credit line to fuel fiscal year 2027 expansion.
Finance
Ghost Brokers Target Young Drivers with Fake Car Insurance
Young drivers are falling victim to 'ghost brokers' selling non-existent car insurance online, warns the FCA. Half of 16-25 year olds surveyed...
Finance
24 Democratic States Sue Trump Administration Over New Student Loan Caps
A coalition of 24 Democratic-led states and the District of Columbia has filed a lawsuit challenging the Trump administration's new federal student...