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March

1
2023
Trends

Mortgage demand from homebuyers drops to a 28-year low

Mortgage rates moved higher again last week, pushing buyers back to the sidelines just as the spring housing market is supposed to be heating up.

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March

1
2023
Industry News

Supreme Court's CFPB case potentially impacts anyone with credit card debt or a mortgage

The Consumer Financial Protection Bureau was born out of the 2008 recession and the belief that our government was not adequately protecting us (consumers) from companies engaging in unfair, misleading and illegal behavior.

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March

1
2023
Trends

Higher Expenses Weigh Down U.S. Bank Profits in 2022 - FDIC

WASHINGTON (Reuters) -U.S. banks reported a 5.8% decline in profits in 2022 as firms spent more on noninterest items and provision expenses against future losses, the Federal Deposit Insurance Corporation reported Tuesday.

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March

1
2023
Trends

Fraud cost consumers $8.8 billion last year, Federal Trade Commission says. That’s up 44% from 2021

Scammers are making more money per episode of fraud, new government data suggests. While the number of fraud reports recorded through the Federal Trade Commission’s database fell to 2.4 million in 2022 from 2.9 million, the aggregate loss from those instances reached nearly $8.8 billion. That’s up 44% from the $6.1 billion reported in 2021 to the FTC.

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March

1
2023
Industry News

Issue Spotlight: Public Benefits Delivery & Consumer Protection

Cash assistance predominantly flows to low-income families in need or individuals at a precarious time. Given the often-acute needs of the populations who receive and rely on cash assistance, it is critical that beneficiaries have full and timely access to these funds.

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