Money
Mortgage rates climb back to 6.49 percent — Fed seen holding July, hiking September
The Federal Reserve's preferred inflation gauge surged to a three-year high of 4.1 percent in May, with core PCE at 3.4 percent — the most since October 2023.
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Consumer Protection
CFPB overhauls complaint system, raising fears of new hurdles for consumers
The CFPB says it is cleaning up an overloaded complaint portal but consumer advocates are skeptical.
Cars
Slate bets Americans still want a cheap, simple truck
Slate Auto says its two-seat electric pickup will start at $24,950, making it one of the lowest-priced new vehicles in the U.S.
Seniors
Medicare opens first weight-loss coverage at $50 a month
A new pilot Medicare program, "set to continue through 2027, will allow older adults to access GLP-1 medications for $50 per month" — the first time the program will cover them specifically for weight loss,
Consumer Protection
Outraged consumers: They're fed up with broken customer service — and companies may be running out of excuses
Americans say they are spending more time, money and emotional energy trying to solve routine problems with airlines, banks, retailers, telecoms, health insurers and delivery companies.
Money
Renters face a new affordability threat: the fee-stuffed lease
Apartment hunting has always required math. But for many renters, the advertised rent is now only the starting point.
Money
Trump cancels bill-signing for bipartisan housing bill passed overwhelmingly by Congress
The measure becomes law in ten days, with or without Trump's signature.
Money
Trump orders DOJ to probe gasoline 'gouging', Congress sends Trump landmark housing bill
Trump orders DOJ to probe gasoline 'gouging' as oil falls below $73, Congress sends Trump landmark housing bill, Hormuz tankers stream out as inspectors return to Iran, Goldman sees July Fed hike risk and Prime Day rolls on amid sticky inflation
Consumer Protection
New Jersey puts businesses on notice: hidden ‘junk fees’ may violate consumer fraud law
The state’s new enforcement statement takes aim at surprise charges, vague add-ons, dark patterns and fees that provide little or no value.
Recalls
National Safety Recalls - June 23
Top hazards to watch MorningStar Farms plant-based nuggets and sausage patties — FDA posted a June 22 recall for Buffalo Chik’n Nuggets and Hot & Spicy Sausage Patties because they may contain plastic pieces. Affected best-by dates run July 5–8, 2027. (U.S. Food and Drug Administration)
Consumer Protection
Temu accused of using spam emails to lure shoppers into digital tracking
A proposed California class action claims Temu used deceptive email offers to get consumers to click through to its website so it could collect personal information about them.
Money
Prime Day, Walmart Deals — and Novo's surprise GLP-1 price cut
Inflation eats away at budgets as Prime Day, Target Circle Deal Days and a GLP-1 price cut arrive.