Customers say they are not able to receive funds

Customers say they are not able to receive funds

Sarinyapinnagam | iStock | getty images A dispute between a fintech startup and its banking partners has potentially left millions of Americans stranded, leaving them without access to their money for nearly two weeks, according to recent court documents. since last year, synapse —Andreessen Horowitz Endorsed start up It acts as an intermediary between customer-facing […]

Buy now, pay later companies must comply with US credit card laws

Buy now, pay later companies must comply with US credit card laws

CFPB Director Rohit Chopra testifies during a House Financial Services Committee hearing on June 14, 2023. Tom Williams | CQ-Roll Call, Inc. , getty images Consumer Financial Protection Bureau Customers in the fast-growing ‘buy now, pay later’ industry will have to comply with the same federal protections as credit card users, it was announced Wednesday. […]

JPMorgan’s stock is too expensive

JPMorgan’s stock is too expensive

JPMorgan Chase CEO Jamie Dimon testifies during a Senate Banking, Housing and Urban Affairs Committee hearing titled Annual Oversight of Wall Street Firms at the Hartt Building on December 6, 2023. Tom Williams | CQ-Roll Call, Inc. , getty images jamie dimon thinks about shares of JPMorgan Chase Are expensive. The bank’s longtime CEO sent […]

JPMorgan CEO Jamie Dimon hints at retiring within 5 years

JPMorgan CEO Jamie Dimon hints at retiring within 5 years

Jamie Dimon, Chief Executive Officer of JPMorgan Chase & Co., at the UK Global Investment Summit at Hampton Court Palace in London, UK on Monday, November 27, 2023. Bloomberg | Bloomberg | getty images jamie dimonHis days as CEO JPMorgan Chase Are numbered – although it is not clear how many. In response to a […]

Some consumers are making big purchases like pools and mattresses

Some consumers are making big purchases like pools and mattresses

Ordini’s Best Fiberglass Pool Contractors work to install a pool in Gilbertsville, Pennsylvania, on April 26, 2021, which the company says has dramatically increased sales due to COVID-19 fears. Rachel Wisniewski | reuters Americans are holding off on some of the more expensive, traditionally financed purchases due to increased inflation and low interest rates. Corporate […]

Cramer says new AI tech can’t help reduce inflation right now

Cramer says new AI tech can’t help reduce inflation right now

cnbc jim cramer Investors were reminded on Monday that much of the stock market currently depends on the Federal Reserve’s interest rate decisions, which are hard to predict as inflation persists. He said he expected new artificial intelligence technology to cut costs, but stressed that this would not happen in the near future. “We keep […]

Rising luxury travel and a surge in ‘relief’ loans

Rising luxury travel and a surge in ‘relief’ loans

But American Express, consumers are continuing to open high-fee credit cards and spend money on luxuries like travel. But for the lending firm Nouveau richeThere is strong interest in microloans as cash-strapped Americans try to make ends meet. This comparison highlights the growing divide between income groups in America. And it adds to an increasingly […]

CFPB rule could be put on hold

CFPB rule could be put on hold

Epoxydude | fstop | getty images A Consumer Financial Protection Bureau regulation that Promise to save Americans billions of dollars late fees A last ditch effort is faced to stop its implementation on credit cards. led by US Chamber of Commercecard industry in march filed a lawsuit against CFPB in federal court to block new […]

What we know so far about the consumer

What we know so far about the consumer

A customer walks through a Home Depot store in Austin, Texas on February 20, 2024. Brandon Bell | getty images The consumer landscape in 2024 is already taking shape — even before the country’s major retailers start reporting first-quarter earnings, which is beginning home depot And wal-mart Next week. There are signs that the American […]