The older you get, the weaker your chances are at getting approved for a mortgage or refinance, according to a new study. Rejection rates spiked the most after borrowers crossed 70 and were most common among men, according to a brief from the Center for Retirement Research at Boston College that summarized a Federal Reserve Bank of Philadelphia study analyzing 5 million single-borrower loan applications from 2018-2020.
Banks are raising their deposit rates to woo back consumers from higher-yield alternatives. A move to things like Treasury bills and money market funds has seen commercial bank deposits fall for the first time since 1948, Bloomberg News reported Monday (March 6), citing data from the Federal Deposit Insurance Corp. (FDIC).
Borrowers with low credit scores are falling behind on their car loan payments as inflation eats away at consumer spending power.
A federal law says hospitals should be posting prices for some key services so patients can compare costs. But some Ohio lawmakers say that's not happening in most Ohio hospitals. And those legislators are sponsoring a bill that would make an Ohio law requiring hospitals to share that information publicly.
NEW YORK, March 6, 2023 /PRNewswire/ -- Americans received a whopping 225 billion robotexts, a 157% increase from 2021 and the most significant increase on record, according to Robokiller's annual phone scam report released today. Scammers haven't shifted too far away from robocalls yet, as those reached 78 billion in 2022, a modest 8% increase from the year prior.
.jpg)
.jpg)