When JPMorgan Chase (JPM) told investors this month about a possible Consumer Financial Protection Bureau enforcement action targeting bank-owned payments app Zelle, it also offered a warning to those same regulators. The New York banking giant said it was evaluating whether to sue the CFPB over the Zelle inquiries, according to a quarterly filing made
LaylaBird / Getty Images There are certain purchases retirees know better than to spend their money on during retirement. Using their savings to buy a timeshare, for example, might seem like a good decision at the time but ultimately lock retirees into long-term agreements with little return on investment. That’s Interesting: 7 Reasons You Shouldn’t
Challenges keep mounting for TD Bank (TD), making a rough year for the Canadian banking giant even rougher. The Toronto lender on Thursday reported a third quarter net loss of $133 million, largely in light of billions the bank set aside to pay for expected fines from an ongoing US investigation into its anti-money laundering
Prospective homebuyers will have to grapple with some changes starting this weekend that could make one of life’s most stressful experiences even more complicated. Buyers now will have to shoulder the cost of hiring a real estate agent due to a settlement the National Association of Realtors (NAR) agreed to earlier this year. No longer
Some Fed watchers are urging the central bank to do something it rarely does: lower rates outside of a regularly scheduled policy meeting. The Fed has done so before, but typically during times of extreme crisis. The 2020 global pandemic. The 2008 financial meltdown. The 1987 “Black Monday” market crash. The calls for the Fed
A mammoth tax debate that will dominate Washington in 2025 is already well underway in 2024. The latest example came Monday with a speech from Sen. Elizabeth Warren, the leading Massachusetts Democrat, where she called on Democrats to “stiffen our spines” for the fight ahead. She also laid out a series of what she termed
Political pressure will almost surely force Washington to shore up the Social Security program before the social safety net program faces reduced monthly checks as soon as 2033. But the question is when. Will lawmakers mobilize in the next few years, or will they wait until the proverbial last minute — and pay increased costs
The all-cash deal is back in vogue for homebuyers, a shift that favors the wealthy. Luxury housing markets in New York and Florida are boasting near record-high shares of transactions paid in cash, according to first quarter data from real estate appraisal and consulting firm Miller Samuel Inc. That represents a sharp reversal from more
Jerome Powell offered a strong defense Wednesday of central bank independence when asked if the November election would affect the Federal Reserve’s decisions about interest rates. “I can’t say it enough: We just don’t go down that road,” he told reporters Wednesday afternoon when asked if the bar was higher for making rate changes close