Chris Arnold appears in the following:
How car buyers can become entrapped in what's known as a 'yo-yo' sale
Tuesday, February 07, 2023
The Federal Trade Commission is drafting new rules for car dealers in an effort crack down on so called a "yo-yo" sales that can entrap people in bad deals.
Even after you think you bought a car, dealerships can 'yo-yo' you and take it back
Saturday, February 04, 2023
NPR investigated a practice called a yo-yo sale and found it's hurting car buyers nationwide, tougher rules can make a difference, and the Federal Trade Commission has a chance to crack down.
Are you an election worker who has received threats?
Wednesday, February 01, 2023
Republicans and Democrats alike who work to ensure free and fair elections have been facing increased threats and harassment. If you have been targeted, NPR wants to hear from you.
Wells Fargo to pay $3.7 billion over mistreatment of its customers
Tuesday, December 20, 2022
Wells Fargo will pay $3.7 billion to settle charges for wrongfully seizing homes and cars. This is the largest penalty ever imposed by the Consumer Financial Protection Bureau.
Wells Fargo to pay $3.7 billion settling charges it wrongfully seized homes and cars
Tuesday, December 20, 2022
The case marks the largest penalty ever imposed by the federal watchdog agency the Consumer Financial Protection Bureau. Customers who were harmed will receive $2 billion in restitution.
Homebuyers are losing big deposits because of rising mortgage rates
Wednesday, November 23, 2022
Before mortgage rates rose, many people put down big deposits to buy houses that weren't built yet. Now rates have gone from 3% to 7% and they can't afford to buy the homes they agreed to buy.
FTX investors fear they lost everything, and wonder if there's anything they can do
Friday, November 18, 2022
More than one million people may have lost their money in the spectacular collapse of the cryptocurrency trading firm. Some had big chunks of their life savings disappear into a black hole.
FTX investors are unable to access their money, shaking crypto investors' confidence
Thursday, November 17, 2022
The collapse of FTX, one of the most prominent platforms for crypto exchange, left investors unable to access their money. And it's shaking crypto investors' confidence more broadly.
Some homebuyers lose deposits of $10,000, $20,000, or more due to high mortgage rates
Wednesday, November 16, 2022
There's a high-stakes tug of war over new homes. Many people who signed contracts before houses were built now are scared to buy them. Builders don't want them to back out and are keeping deposits.
Have you invested in crypto on FTX or other platforms? We want to hear from you
Monday, November 14, 2022
A prominent cryptocurrency trading platform, FTX, has collapsed cutting off investors from their holdings. If you've invested in crypto, NPR wants to hear your story.
How rising interest rates affect your day to day
Friday, November 04, 2022
The fed raised interest rates again this week by 3/4 of a percent, and mortgage rates have seen their biggest jump in 40 years. Borrowing on credit cards, and car loans is also going up.
Mortgage rates are now above 7% on average nationally
Thursday, October 27, 2022
It's harder to afford a home than it's been in decades as a steep run-up in prices, both during the pandemic and interest rates now, hit buyers from both sides.
Buying a home gets even harder as mortgage rates top 7%
Thursday, October 27, 2022
It's harder to afford homeownership than it's been in decades as a steep run-up in both prices during the pandemic and more recently interest rates hit buyers from both sides.
The frenzied housing market has hit a serious speed bump
Friday, October 21, 2022
September's existing home sales dropped 24% from a year ago — to the lowest level in a decade. Prices fell too. Higher mortgage rates have thrown cold water on the once hot market.
Appeals court says financial watchdog agency CFPB's structure is unconstitutional
Wednesday, October 19, 2022
Three federal appeals court judges appointed by President Trump have ruled that the funding structure of the Consumer Financial Protection Bureau is unconstitutional.
When stocks are down, bonds hold steady or go up. So why are bonds down?
Friday, October 14, 2022
The U.S. stock market is down this year. When that happens, bonds typically go up. But right now, both stocks and bonds are down.
With mortgage rates near 7%, the housing party is over. Now it's hangover time
Wednesday, October 12, 2022
The highest rates in 20 years are dashing the dreams of some would-be homebuyers. Others stretch to buy but spend close to $1,000 a month more in monthly payments for a typical house.
As mortgage rates rise, some people are giving up on owning a home
Wednesday, October 12, 2022
Mortgage rates are up near 7%. That's adding nearly $1,000 a month to the mortgage payment for a typical house, sending home ownership beyond reach for more and more Americans.
Mortgage rates are up, sales of homes are down
Thursday, October 06, 2022
The current percentage rate for the average home loan is nearly 7%. These mortgage rates continue to push home ownership out of reach for many Americans navigating a frothy housing market.
Bonds are down. That's hurting retirees and people trying to save for college
Sunday, September 25, 2022
Investors are getting hit with a double whammy: stocks AND bonds are down. That's hurting retirees and people trying to save for college.