Government bureau finds the bank mistreated millions of customers. The Consumer Financial Protection Bureau (CFPB) has ordered Wells Fargo Bank to pay restitution of over $2 billion to…
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Federal Reserve Increases Rate Again
An additional 0.75 percent marks the fourth straight increase. The Federal Reserve raised interest rates Wednesday by 75 basis points for the fourth straight meeting while hinting at…
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Household Debt Tops $16 Trillion for First Time
Credit card balances grow to their highest level in 20 years. The New York Federal Reserve reported that household debt climbed past $16 trillion in the second quarter…
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