July 2025

More lenders suffer data breaches, face consumer lawsuits

Data breaches are quietly plaguing more lenders as their impacted customers continue to seek recourse via class action lawsuits.  Virginia-based McLean Mortgage is facing four federal complaints after it revealed that the personal identifiable information of 30,453 of its customers was compromised in an October incident. The company, which disclosed the results of an investigation […]

More lenders suffer data breaches, face consumer lawsuits Read More »

Jerome Powell

Powell: ‘Many, many uncertainties’ remain for tariff impacts

Federal Reserve Chair Jerome PowellBloomberg News WASHINGTON — Federal Reserve Chair Jerome Powell said the central bank is still trying to get a handle on how higher tariffs will impact the economy.  Powell said it was always going to take time for higher import levies to translate into higher prices for consumers, but the administration’s

Powell: ‘Many, many uncertainties’ remain for tariff impacts Read More »