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The Consumer Financial Protection Bureau and the state attorney general claim Credit Acceptance Corp., an indirect auto lender, deceived thousands of borrowers by failing to disclose and include finance charges in calculating the cost of a car loan.

Higher interest rates helped drive down refinances by 87% and purchases by 42% compared to last year.

U.S. stocks fluctuated as jobs data pointed to a resilient labor market, a concern for the Federal Reserve. Treasuries advanced and the dollar pared declines.

The year could be marked by volatility, induced in part by rising interest rates, but prime money market funds could still see a 0.08% rise in assets.

She led two mortgage companies in a male dominated industry, and most recently was CEO of risk management firm Dytrix.

The Consumer Financial Protection Bureau's new unit will identify the root causes of recurring violations and find ways to hold companies accountable.

Amid optimism that inflation has peaked, more than 60% of 610 respondents to the latest MLIV Pulse survey are betting stocks and bonds will move in opposite directions this year.

The investment bank defends its title as No.1 from 2021, and also dominated the auto ABS and commercial MBS asset categories, based on ASR's database.

House hunting activity also slowed in December, with home tours declining 69% from the start of the year, a Redfin report found.

As the Federal Reserve hikes rates and lenders tighten credit, the consumer sector is holding up—for now. What 2023 brings could heavily depend on employment.