As fears of a 2023 recession grow, more investor scrutiny is being applied to the consumer finance sector. The COVID-19 pandemic provided lots of support for struggling consumers. However, these support mechanisms are expiring, and it looks like delinquencies are rising. What does this mean for Ally Financial (ALLY 0.37%)? […]
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CFPB Orders Wells Fargo to Pay $3.7 Billion for Widespread Mismanagement of Auto Loans, Mortgages, and Deposit Accounts
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) is ordering Wells Fargo Bank to pay more than $2 billion in redress to consumers and a $1.7 billion civil penalty for legal violations across several of its largest product lines. The bank’s illegal conduct led to billions of dollars in […]
Elon Musk Starts And Ends Thursday As World’s Second Richest Person
Elon Musk Getty Images The Tesla chief was overtaken for the third time in two days by Bernard Arnault of French luxury conglomerate LVMH. Note: When U.S. markets closed at 4:00 p.m ET, Musk still ranked as the world’s second richest person, with an estimated net worth of $185 billion—$1.2 […]
Best No Credit Check Loans Guaranteed Approval
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