New rule proposed by the CFPB would help consumers understand true cost of paycheck advance products
The new rules will require consumers to disclose financial information whenever they use a cash advance product. (iStock ) Payroll advance products, often referred to as “earned wages” products, allow consumers to receive their paychecks in advance when they are in a difficult situation. Offered through employers or as direct loans to consumers, these products […]
Depressed Consumers Are Bad News for Kamala Harris
Kamala Harris should be very worried about sagging consumer confidence Kamala Harris is I am very concerned about consumer sentiment.Unless she can muster a sudden surge of confidence in the economy, she is likely to lose the presidential election in November. University of Michigan Consumer Sentiment Survey This month it fell to an eight-month low.It […]
Tariffs Are Not Taxes on American Consumers
The Truth About Duties and Taxes Donald Trump’s proposal A flat 10% tariff The argument that this amounts to a tax on middle-class Americans calls for a deeper look into why such an argument is off the mark. First, let’s understand the basics. Tariffs are taxesThese are government taxes on imported goods levied directly on […]
Consumers find mild relief as June inflation dips by 0.1%
Inflation rose 3.0% year-on-year, down from 3.3% in May. (iStock) The Consumer Price Index (CPI) was unchanged in May but fell 0.1% seasonally adjusted in June. The Bureau of Labor Statistics recently. Over the past 12 months, the all-item index has risen 3%, slowing from a 3.3% increase in May, driven largely by rising food […]
Leasing a car more popular, high-credit consumers choosing to lease more than 30% of the time
Borrowers with good credit scores choose to lease more often than those with poor credit scores. (iStock) With car prices rising since the peak of the pandemic, many drivers are likely buying cars on leases rather than loans. Experian’s State of the Auto Finance Market Q1 Report. Borrowers with higher credit scores are more likely […]
Consumers Finally Get Some Relief From Inflation As Prices Decline for First Month Since 2020
Consumers are experiencing their first relief from inflation since the peak of the 2020 pandemic. In an unexpected development, the Labor Department said on Thursday that prices for consumer goods and services fell in June. The big drop signals a recent slowdown in inflation and is raising hopes that the Federal Reserve may sharply cut […]
Dynamic pricing can help both consumers and the environment
from Large supermarkets and grocery stores To Airlines“Dynamic Pricing“Online shopping,” where prices change in real time according to supply and demand, will become a bigger part of Americans’ shopping experience. As companies use artificial intelligence to increase their computing power, we’ll likely see more price fluctuations at local stores and restaurants. But as Wendy’s saw […]
AI tech can select fragrance based on consumers’ personal preference
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