Several metrics are sounding the alarm for the United States economy, hitting levels reminiscent of past recessions. Particularly, according to data shared by The Kobeissi Letter in an X post on May 18, auto loan serious delinquency rates surged to ...

"Credit card issuers are continuing to expand their digital services to meet cardholders' growing expectations for efficient self-servicing while also enriching features to impede fraud." – Beth Robertson, managing director, Keynova Group Post this "Credit card issuers are continuing to ...

Federal courts lack the discretion to dismiss lawsuits after determining that all the underlying claims are subject to mandatory arbitration agreements, the US Supreme Court held in an employment misclassification case.The justices on Thursday ruled unanimously that the Federal Arbitration ...

Maxed-Out Borrowers Face Rising Delinquency Rates Amid High Interest Rates, New York Fed ReportsThe New York Fed‘s latest findings depict a troubling scenario of American household debt, with total balances reaching $17.69 trillion, and mortgage balances rising to $12.44 trillion ...

Article 0 Comments The Federal Trade Commission’s recently approved ban on noncompete agreements likely won’t survive court challenges, but that doesn’t mean the ban won’t become a model for a number of state legislatures to follow in coming months. “We ...

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On May 1, 2024, the FTC filed suit against BlueSnap, an international payment facilitator, along with two of its executives, simultaneously submitting a stipulated order containing both monetary and non-monetary relief. The complaint charged that the defendants had knowingly supported ...

U.S. Bank named #1 in Customer Satisfaction for Retail Banking in California for the fourth consecutive year. (Photo: Business Wire)For the fourth consecutive year, U.S. Bank receives the prestigious statewide accoladeLOS ANGELES, May 16, 2024--(BUSINESS WIRE)--For the fourth consecutive year ...

The next time you pay a medical, utility or other bill online — think twice. The Federal Trade Commission said it may be an impersonator tricking you into paying them. It said doxo, which is a third-party vendor, did that ...