-
Navigating The Student Loan Debt Cancellation Application
We are speaking with the Center For American Progress on the reaction to the online form and the timeline of its availability.
-
House Prices Are Going Up. Here's When You Should Increase Your Budget, and When to Stick to Your Original Price
In February, the median sales price for homes in the U.S. was $357,300, a 15% increase on the year, according to data from the National Association of Realtors.
-
She Lost Everything in a Fire. Then Her Bank Froze the Savings She Needed to Move on
Siraba Keita’s experience reflects a tension between banks, their customers and creditors looking to collect on old debts.
-
Here's Why You Should Start Paying Off Debt Now — and How to Get Started
The danger comes from interest rate hikes occurring several more times over the next few months and potentially in bigger chunks.
-
$2,000 of Debt Forgiven for Hundreds of Students in Maine
This week, more than 730 students attending University of Southern Maine received a notice that an average of $2,100 would be forgiven from their tuition bill. The school used $2 million dollars from a federal COVID-19 relief program called the Higher Education Relief Act. Originally intended to improve the HVAC systems of the school, the amount left over was used…
-
How Technology Is Helping Improve Financial Inclusion Around the World
“There’s this new type of excitement about putting your money to work for you,” said Flori Marquez, the founder of BlockFi, a cryptocurrency trading platform.
-
5 Ways the Fed and Higher Interest Rates May Impact You
The Federal Reserve is expected to start raising interest rates next week. That will have a big impact on consumers, from loans to investments and savings.
-
Struggling Homeowners Can Get Between $15,000 and $80,000 From Pot of Federal Money
While many homeowners are on their way toward financial recovery after the worst days of the pandemic, the need for help continues.
-
Less Than 1% of All FDIC-Insured Banks Are Black-Owned, According to the FDIC
Between 1888 and 1934, there were 134 Black-owned banks. Today, there are only 20 Black-owned banks that qualify as Minority Depository Institutions.
-
Here's How to Start Planting the Seeds of Financial Success
For many people, spring means the chance for a fresh start. Why not apply that to your finances as well?
-
The Average Mortgage Holder Has a Record $185,000 in Equity. What to Know If You're Tempted to Borrow From That
Rising home prices have boosted the stake owners have in their homes. Here’s what to consider before you borrow with interest rates poised to rise.
-
On Main Street, the Need to Take on More Debt Is Rising With Inflation
Taking out loans as a small business isn’t easy, but supply chain, inflation and wage issues are making more on Main Street look to debt as Covid relief ends.
-
Government Watchdog Looks to Crack Down on Student Loan Servicers That Deceive Borrowers About Public Service Loan Forgiveness
The Consumer Financial Protection Bureau is scrutinizing how student loan servicers are engaging with borrowers about public service loan forgiveness.
-
Think Banks, Debt Collectors Need Reform? The Biden Administration Wants to Know
An agency policing consumer abuse and deception from banks, lenders and others wants to know how the public would reform financial rules.
-
Education Department Suspends Seizure of Tax Refunds, Social Security for Overdue Student Loans Until November
The federal government can seize certain payments to satisfy delinquent debts. The U.S. Department of Education suspended the practice until after Nov. 1.
-
Did You Sign Up for Free Credit Monitoring After Massive 2017 Equifax Data Breach? Keep an Eye Out for an Email Or Letter
Consumers who chose free credit monitoring as part of the Equifax settlement should receive information about it soon if they haven’t already.
-
Consumer Watchdog Signals Broad Crackdown on Hidden Fees for Banks, Credit Cards
The Consumer Financial Protection Bureau is asking consumers for input on so-called “junk” fees from a broad array of financial entities.
-
Buy Now, Pay Later Firm Klarna Launches Physical Card in the UK
Klarna is launching a physical card in the U.K. that lets users delay payments on their purchases, both in-store as well as online.
-
Companies Raise Perks to Repay Employees' Student Loans
Employers are looking for creative ways to attract skilled talent. One approach: student loan assistance programs to help workers pay off college debt.
-
Real Estate Is the Most ‘Zombified' Sector and Rate Hikes Will Be a Big Risk, Says Consultancy
There’s a “big risk” of real estate companies filing for insolvency when interest rates rise, said Nils Kuhlwein of consulting firm Kearney.