Mortgage lenders working with Fannie Mae and Freddie Mac can now choose to use Vantage Score 4.0, while still keeping tri-merge credit checks on borrowers. “Effective today,” Federal Housing Finance Agency (FHFA) Director William J. Pulte posted on X this ...

The Consumer Financial Protection Bureau (CFPB) has announced an updated report on Americans who were credit invisibles or had an insufficient credit history to have a credit score. “Technical Correction and Update to the CFPB’s Credit Invisibles Estimate” found that ...

Jonathan Gould, comptroller of the currency nominee for US President Donald Trump, during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, DC, US, on Thursday, March 27, 2025. Photographer: Tierney L. Cross/Bloomberg Tierney L. Cross/Bloomberg WASHINGTON ...

VisualCommunications/Getty Images Credit card delinquency rates dropped in the first quarter, while interest rates reached historically high levels — both signs that suggest card issuers have tightened their underwriting standards. The average purchase annual percentage rate for general-purpose cards climbed ...

Farm bankruptcy filings are rising in 2025, a sign that agriculture is facing the same high financial pressures it saw pre-pandemic, said Ryan Loy, extension economist for the University of Arkansas System Division of Agriculture. “We’ve had 259 filings in ...

Fireworks exploding near the White House and Capitol Hill during Fourth of July were more than just recognizing Independence Day. President Trump and Republicans cheered passage and the signing of the One Big Beautiful Bill into law, which included a ...

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Will U.S. tariffs cause shoppers to sit out this year’s Prime Day? Amazon kicked off its annual summer sale on Tuesday (July 8), but as Bloomberg News reported, the trade war has caused some consumers — and some brands — to stay away ...

Microsoft is slashing hundreds of customer-support roles and saving over $500 million by transitioning call-center operations to AI-powered systems, a move illustrating both technological progress and unsettling job displacement (economictimes.com). The shift leverages generative-AI bots to field queries, troubleshoot issues, and escalate ...