Banks

Consumers often choose a familiar name, despite the costs. The CFPB's findings come as credit card debt in the U.S. is rising.

Amid high interest rates and vacancy rates, lenders and regulators are concerned about the fallout when borrowers renew their loans.

"Wage growth now is greater than inflation," Bostic says. "But I don't think people feel like they've caught up all the way and that's just going to take some time."

The concept actually has a long and contentious history.

Many small banks have been hesitant to offer instant payments, even though they’ve been available for years. But the central bank’s FedNow service could cause more banks to give instant payments a try.

The Federal Reserve's payment system will allow participating banks to transfer money within seconds.

One thing seems likely, says Lisa Knee of EisnerAmper: real estate is going to need new, creative investors to stay on track.

More than they currently do, says the Federal Reserve’s vice chair for supervision.