The Federal Housing Finance Agency (FHFA) has recently made changes to the mortgage pricing framework of Fannie Mae and Freddie Mac. Some argue that these changes socialize mortgages by increasing fees for borrowers with high credit scores. The FHFA claims the primary goal is to create a more inclusive and equitable housing market for low- and moderate-income borrowers and those from historically disadvantaged groups. Borrowers, particularly those with great credit but smaller down payments, should carefully explore their options and compare loan products to find the best solution for their specific situations.

U.S. Bank has announced that it has increased its prime lending rate to 8.25 percent, up from 8.00 percent, at all U.S. Bank and Union Bank locations. The changes came into effect on May 4, 2023.

Toronto-Dominion Bank (TD) and First Horizon have canceled their $13.4 billion merger due to regulatory challenges, resulting in a nearly 37% drop in First Horizon’s shares. The deal was initially announced in February 2022, and its termination arrives during a challenging time for U.S. regional banks like First Horizon. TD faced scrutiny from U.S. regulators in recent years, including a $122 million settlement with the Consumer Financial Protection Bureau in 2020. As part of the termination agreement, TD will pay First Horizon $200 million in cash and an additional $25 million fee reimbursement.

As we celebrate our 10-year anniversary at SuperMoney, we are thrilled to share some major milestones with you. We’ve processed $10 billion in loan requests and have nearly 1 million registered members!

Chase and Amazon have announced new benefits and features for their Amazon Visa card portfolio, which includes the Prime Visa and Amazon Visa cards. Cardholders can now earn more cash back on purchases, with added opportunities for local transit and commuting, and can earn and redeem rewards daily. New cardholders can also take advantage of limited time offers, including a $150 Amazon gift card for Prime Visa cardholders and a $60 gift card for Amazon Visa cardholders. Both cards come with a comprehensive list of benefits, including no annual fees and no foreign transaction fees.

Learn how to use ChatGPT and Bard to save money on groceries. ChatGPT offers general grocery shopping tips and recipe suggestions based on the ingredients you already have at home, while Bard provides up-to-date information on the cheapest grocery stores in your area for specific items and personalized recommendations for meals based on your dietary needs. By using these AI assistants, you can save money on groceries without sacrificing the quality of your meals.

Revolut has partnered with Koinly, a tax reporting platform, to offer discounted crypto tax reporting services to its customers. The new feature provides a consolidated report integrating crypto assets and trading activities held with other platforms. It is accessible in the Crypto section of the Revolut app and is available in 34 markets. This move by Revolut is another step towards its mission to become the first super app for all-things-money.

The Inflation Reduction Act’s exemption offers drivers leasing electric vehicles a $7,500 tax credit, regardless of the car’s origin or the materials in its battery. The article discusses how this incentive has led to an increase in EV leasing, with the CEO of Ford Motor Credit expecting 60% of EV drivers in the US to lease instead of buy. The lease option is an IRA loophole that international automakers lobbied for and secured after fearing they would miss out on the IRA tax credits. However, some lawmakers have expressed concerns that the credit may become a subsidy for wealthy car buyers.

Walmart typically restocks most shelves overnight between 10 p.m. and 7 a.m., while online inventory updates several times a day. Grocery items and essentials are usually replenished daily, but electronics, home goods, and seasonal products often restock two to three times per week, depending on store traffic and supply. For the best selection, shop early in the morning, right after overnight restocking is complete.

If you are a Target shopper, you have probably wondered when your favorite products will be back in stock. Understanding the restocking process at Target can help you plan your shopping trips and save you time and frustration. Furthermore, we will answer the question, “When does Target restock?” and provide you with some tips to make your shopping experience more efficient and enjoyable.