Orla McCaffrey Reporter
  • New York
  • The Wall Street Journal

Orla McCaffrey covers consumer finance and regional banking for The Wall Street Journal. She previously interned on the Journal’s markets desk. She is a graduate of the State University of New York at Binghamton and has a master’s degree from the Craig Newmark Graduate School of Journalism at CUNY.

Focus Areas

  • Consumer Finance
  • Regional Banking

79 Articles
9 months ago
wsj.com

Money Transfers to Ukraine Surge After Russian Invasion

Payments to Ukranians more than doubled on the day of the Russian invasion.

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9 months ago
wsj.com

Mortgage Rates Hover Near 4%, Stressing Buyers Before Spring Selling Season

The average rate of a 30-year fixed loan remains near its highest level in three years.

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10 months ago
wsj.com

Mortgage Rates Close In on 4%, Making Home Affordability Tougher

The average rate for a 30-year fixed-rate loan was the highest since May 2019.

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10 months ago
wsj.com

Charlie Munger Expects Index Funds to Change the World—and Not in a Good Way

Warren Buffett’s business partner says passive funds like those run by BlackRock wield too much power.

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10 months ago
wsj.com

Don’t Expect Rising Interest Rates to Boost Your Savings Account

Banks are unlikely to pay depositors more after the Federal Reserve first lifts rates because the lenders don’t need ...

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10 months ago
wsj.com

U.S. Households Took On $1 Trillion in New Debt in 2021

The increase, the largest since 2007, was largely the result of a big jump in mortgages and auto loans.

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11 months ago
wsj.com

Bank of America’s Quarterly Profit Rises 28%

The second-largest U.S. bank earned $7.01 billion, up from $5.47 billion a year earlier, while revenue rose 10%.

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11 months ago
wsj.com

Wells Fargo’s Quarterly Profit Soars 86%

The bank’s revenue rose 13%, beating expectations. It also released money it had set aside for pandemic loan losses.

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11 months ago
wsj.com

Mortgage Rates Jump to Highest Level Since March 2020

Rates have now risen for three straight weeks, but still remain near historic lows. Higher borrowing costs, combined ...

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11 months ago
wsj.com

Bank of America to Cut Overdraft Fees to $10 From $35

Regulators and politicians have been pressuring banks over the fees. Other firms like JPMorgan and Ally Financial hav...

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11 months ago
wsj.com

Rocket Feasted on Low Interest Rates to Become Mortgage King, but Now Comes the Hard Part

The biggest U.S. mortgage lender must convince investors that it can keep growing even if rates rise and refinancings...

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11 months ago
wsj.com

Red-Hot Housing Market Fuels Mortgage Borrowing Record

Mortgage lenders issued $1.61 trillion in purchase loans in 2021, beating a record set in 2005, as a wave of American...

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