A new survey from the Federal Reserve found that lenders are getting stricter with consumer loans. The rejection rate for credit applicants increased to almost 22% in June, the highest level since June of 2018. Warren Kornfeld, senior vice president for Moody’s Investors Service, joined CBS News to talk about the trend.
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Celtics star Jaylen Brown has agreed to the terms of a record-breaking five-year, $304 million supermax contract extension to keep him with the Boston franchise, according to multiple reports. Brown’s historic contract is the richest deal in NBA history, easily surpassing the previous record set just last year by superstar […]
