Political IQ · @PoliticalIQ
211 followers · 1783 posts · Server newsie.social
speedmaster · @speedmaster
13 followers · 79 posts · Server mastodon.social
Nonilex · @Nonilex
391 followers · 1124 posts · Server masto.ai

“The increase raised ’s benchmark rate to a range of 4.5% to 4.75%, the highest level in 15 yrs. It followed a ½-pt rate increase in Dec & four ¾-pt hikes before that.

’s rate hikes typically lead to more expensive , , & . Last year's ¾-pt rate hikes marked the fastest pace of credit tightening in 4 decades.

#thefed #thecentralbank #mortgages #autoloans #creditcard #borrowing #businesslending

Last updated 2 years ago

Mufasa :paw: · @ne1for23
398 followers · 623 posts · Server betweenthelions.link

Wells Fargo agrees to $3.7 billion settlement with Consumer Financial Protection Bureau over consumer abuses tied to , and fees.

The bank said fourth-quarter expenses would include a $3.5 billion operating loss, or $2.8 billion after taxes, from the incremental costs of the CFPB civil penalty and customer remediation efforts, as well as other legal matters.


cnbc.com/2022/12/20/wells-farg

#mortgages #autoloans #overdraft #wellsfargo #cfpb

Last updated 2 years ago

Eight Five Ventures · @85Ventures
1 followers · 13 posts · Server mas.to
Eight Five Ventures · @85Ventures
1 followers · 33 posts · Server mas.to