CFPB commences rulemaking for elder financial abuse

The Consumer Financial Protection Bureau (CFPB) this week announced it has launched rulemaking to address harmful financial consequences of crimes including domestic violence and elder abuse. The Bureau is announcing it ahead of time to gather feedback for potential amendments to the regulation that

No, Wall Street investors are not buying up a bunch of homes

Just a year ago, a striking claim circulated that Wall Street investors had bought 44% of all homes in America in 2023. This kind of sensational story can easily lead to misconceptions about housing economics. Fast forward to today, and the trend has shifted to the idea that BlackRock is snapping up

Refi borrowers pounced on fall’s short window of lower mortgage rates

A welcome drop in 30-year conforming mortgage rates to the low-6% range led to a burst of refinance activity early in the fall, with more than 300,000 mortgage holders closing refinance transactions in September and October. That’s according to the December 2024 Mortgage Monitor report from Intercon

Caitlin Clark Is Athlete of the Year—but She Still Can’t Afford the Average American Home on Her Meager WNBA Salary

Pasadena Star-News via Getty Images WNBA star Caitlin Clark has been named Athlete of the Year by Time magazine, joining an elite group of athletic superstars including Lionel Messi, LeBron James, Simone Biles, and Aaron Judge. But while 22-year-old Clark’s sporting skills and impact arguably rival