Finance News

Congress considers putting the government in charge of governing credit scores

Lawmakers may take power away from Experian, Equifax, and TransUnion

Changes to wealth may impact consumers' cardiovascular health, study finds

Experts say gaining or losing money can lead to actual physical changes in our bodies

Treasury Secretary announces backing from 130 countries for a global minimum corporate tax

The agreement will end the global ‘race to the bottom’

Gold falls to 11-week low over the past 24 hours

A stronger dollar is weighing on gold, as is the anticipation of a better-than-expected jobs report

Bitcoin goes up in value again after dipping below $30,000

The cryptocurrency experienced a spike of volatility after China cracked down on trading

Gold value falls after some Fed officials forecast higher interest rates

One precious metals analyst says volatility should be expected

Ally Bank is eliminating overdraft fees. Could your bank be next?

These extra charges are still widely detested by consumers

HSBC to pull out of U.S. banking to focus on wealthier customers

Citizens Bank and Cathay Bank have already cut a deal to take HSBC’s U.S. customers

Ethereum poised to dramatically cut the amount of energy it uses

Can the cryptocurrency overthrow Bitcoin? Analysts say it’s possible

IRS to require cryptocurrency investors to report transfers over $10,000

The Treasury says it needs to shore up the ‘tax gap’

Bitcoin price falls below $32,000 for the first time in months

The dip came after Tesla announced that it would no longer accept the cryptocurrency

Treasury Secretary Yellen proposes higher corporate taxes for businesses

She said higher taxes are needed to fund infrastructure investments

Fidelity launches investment product for teenagers

Teens will be able to buy and sell stocks with parental supervision

FCC rolls out program that gets consumers $50 off their monthly internet bill

Applying is simple and can be done online in under five minutes

Ethereum hits $4,000 value for the first time

The cryptocurrency may be hot right now, but it’s been on roller coaster rides before

Paycheck Protection Program stops accepting new applications as funding runs out

Officials say some money has been set aside for community financial institutions

Treasury Secretary says ‘modest’ rise in interest rates is needed to keep economy in check

Janet Yellen said the economy is at risk of ‘overheating’ without interest rate increases

President Biden to propose another $1.8 trillion in federal spending for U.S. families and education

Here’s what’s in the package for consumers

Biden to invest $80 billion in IRS to improve enforcement and crack down on tax evasion

The president is aiming to prevent tax fraud among high-earners and large corporations

Bitcoin value falls below $50,000 in response to Biden’s tax plans

Investors could see more volatility in the near-term

Consumers have flocked to digital banking during the pandemic, study shows

Bank customers are now much more likely to open an account without visiting a branch

Venmo adds ability to buy and sell bitcoin and other cryptocurrencies

Users of the app can invest in four different cryptocurrencies

Bitcoin experiences ‘flash crash’ over the weekend

The SEC continues to advise caution when investing in cryptocurrencies

Financial stress linked to chronic pain later in life

Study findings suggest that financial insecurity can lead to future health problems

Bitcoin price falls on Turkish government’s decision to ban crypto payments

Turkey’s central bank said its decision was partly based on the crypto market’s excessive volatility

Child tax credit checks will start arriving in July

Parents will get a monthly payment for each child from the IRS

Poll shows Americans plan to be more frugal after the pandemic

The survey shows an increase in the number of people adopting household budgets

Bitcoin surpasses $63,000 on way to new record value

Experts are advising caution because currencies aren’t supposed to appreciate this rapidly

Gold prices rise as inflation moves higher than expected

The precious metal last traded for over $1,741 an ounce

Fed Chairman says economic outlook has ‘brightened substantially’

However, another COVID-19 wave could still cause economic turbulence

Biden proposes plan to raise taxes on major U.S. companies

Amazon’s Jeff Bezos has shown some early support for raising corporate taxes

Another 25 million stimulus checks are going out this week

People who don’t usually file a tax return may need to do so to get a check

Consumers spent $900 billion more online last year

Mastercard says the pandemic sped up the adoption of e-commerce

Financial habits learned during the pandemic may last, survey suggests

Forty-two percent of consumers don’t plan to run up post-pandemic credit card bills

Credit reporting agencies extend free weekly credit reports through April 2022

The offer will allow consumers to keep checking their finances during the pandemic

Visa will allow consumers to use a digital currency to settle transactions

Another financial services heavyweight is embracing cryptocurrencies

Second batch of stimulus payments to go out this week

Government agencies say this round includes a ‘large number’ of mailed paper checks and prepaid debit cards

Coinbase fined $6.5 million over improper trading practices

The crypto exchange was accused of ‘misleading’ data reporting and ‘wash trading’

CFPB steps in to help shield consumers from having their stimulus check garnished by creditors

The agency says banks are willing to help consumers who are affected by this issue

Loophole allows debt collectors to take stimulus money from consumers’ bank accounts

Lawmakers are trying to fix the situation, but time may be running out

TurboTax says it has taxpayers’ correct bank account information for stimulus checks

The tax preparation company says it doesn’t anticipate any issues to hold up payments this time

Some consumers slam Wells Fargo, JP Morgan over stimulus payments

The two banks have told some customers that their stimulus payments won’t be available until Wednesday

Bitcoin hits a new weekend high only to roll back again

Cryptocurrency is still trying to find its way, but both investors and analysts remain positive

House gives final approval to $1.9 trillion stimulus

A flood of money is headed for the U.S. economy

Stimulus bill would make it easier to forgive student loan debt

The final version would shield the forgiven debt from taxation

Senate passes $1.9 trillion stimulus bill

The measure heads back to the House for final approval

Bitcoin gets major vote of confidence as currency for international trade

Is gold dead? The debate carries on

House passes $1.9 trillion COVID-19 stimulus measure

The Senate is expected to take up the measure this week

Mortgages and car loans may soon cost more

A key interest rate has risen sharply this week

Military families are struggling financially through the pandemic, survey shows

More families appear to be turning to payday lenders

Treasury Secretary Yellen calls Bitcoin ‘extremely inefficient’

The regulator says the cryptocurrency has a number of risky elements

Bitcoin price sinks 10 percent following Elon Musk comment

Over the weekend, the Tesla CEO said prices ‘seem high’

'Buy now, pay later' options start to trend as a popular but risky credit darling

Experts say some millennials find themselves in a spending cycle that’s hard to manage

FTC shuts down payday lending scheme

The company was accused of drawing money from consumers’ accounts even after the loan amount had been repaid

Bitcoin price hits new record of $50,000

The digital coin’s value has ballooned in response to support from the heads of major institutions

Mastercard to accept some cryptocurrencies as payments later this year

The company said it will be selective in what assets are acceptable

Student loan forgiveness missing from $1.9 trillion stimulus bill

The White House says it will seek stand-alone loan forgiveness legislation

The $1.9 trillion stimulus measure would increase the child tax credit

A separate measure would send families at least $3,000 per child

Tesla invests $1.5 billion in Bitcoin as Elon Musk praises cryptocurrencies

Musk may carry a lot of weight, but consumers need to be cautious about how they invest

Democrats introduce plan to increase amount of student loan debt forgiveness

Supporters of the plan say it would be a boon to the economy

Visa to allow consumers to buy and sell digital currencies at banks

Thirty-five of the leading digital currency platforms and wallets have already chosen to issue Visa

The pandemic reduced retirement savings in 2020

A significant number of savers had to tap into their retirement accounts

Robinhood reduces the number of restricted stocks amid GameStop frenzy

Amateur traders are now turning their attention to shares of silver

Elon Musk says he’s a Bitcoin supporter

The statement follows Musk’s addition of the hashtag ‘bitcoin’ to his Twitter bio

Individual traders bid up stock prices in a war with hedge funds

Shares of Gamestop, AMC, and other weak companies have surged this week

Bitcoin surges after Elon Musk adds Bitcoin hashtag to Twitter bio

The Tesla CEO’s mention of the cryptocurrency sent its value up dramatically

Can job promotions make consumers more generous?

Experts say charitable organizations can thrive when consumers making more money

Bitcoin value falls 10 percent in two days

The total cryptocurrency market lost more than $100 billion due to the slump

President Biden extends student loan payment pause by eight months

Borrowers won’t have to make payments until October

Money can play a large role in consumers' happiness and well-being, study finds

Experts say having more money gives consumers more choices and more security

Biden proposal would give every American another $1,400 in stimulus payments

It’s part of a sweeping pandemic aid package costing $1.9 trillion

FTC warns nursing homes not to take residents’ stimulus checks

The agency said some nursing homes tried to take the first round of payments

Cryptocurrency market takes a $200 billion tumble as Bitcoin loses ground

Analysts say cryptocurrency’s potential is still good, but it’s going to be a long-term investment and not an overnight windfall

Small businesses can apply for a second round of PPP benefits starting today

There are several benefits included for the hospitality industry and smaller companies

TurboTax customers should receive their second stimulus payments soon

The company said an error caused a distribution delay for millions of its customers

Most stimulus checks will be used to pay household bills, survey finds

Experts say the $600 checks won’t go very far in the average household

IRS offers tool to track your stimulus payment

The tool is part of the agency’s official website, IRS.gov

Bitcoin’s value closing in on $35,000

The value of the digital coin has made a massive move in the last three weeks

Biden plans big changes to how credit scores are formulated

But in the meantime, here are some ways to keep your score moving higher in 2021

Sixty percent of consumers resolve to save money in 2021, survey finds

The 2020 pandemic has made financial matters a greater priority

Some Americans may have already received stimulus payments

Treasury Secretary Mnuchin says the money started flowing Tuesday night

Holiday shoppers push credit limits, raising personal debt to a six-year high

Millennials and young parents may be pushing their luck when it comes to finances

COVID-19 stimulus bill signed into law

Jobless benefits are extended, and most Americans will receive direct payments

Administration says Americans to start receiving stimulus payments next week

The Treasury Secretary has promised a speedy distribution of funds

Cryptocurrency company Ripple prepares to be sued by the SEC

Ripple maintains that XRP is a currency and doesn’t have to be registered as an investment contract

Congress to vote on $900 billion COVID-19 aid package

The measure will send direct payments to Americans and aid small businesses

Bitcoin’s value continues its ride, hitting $23,000

Analysts think anything -- like $100,000 or more -- is possible

Robinhood stock trading app faces allegations of ‘predatory’ marketing practices

Massachusetts securities regulators claim the platform is only interested in growing its user base

Stimulus checks to Americans reportedly back in $900 billion relief bill talks

If included, the payments would likely be smaller than they were earlier this year

Government shutdown will occur if new spending bill isn’t passed by Friday night

Senate objections are holding up passage of a short-term spending bill

Bipartisan group of senators introduce $908 billion COVID-19 stimulus proposal

The lawmakers are hoping to break a stalemate between members of both parties

Fed chairman tells Congress that the economy needs more stimulus

Key provisions of the CARES Act expire at the end of the month

Bitcoin value soars above $19,000

The digital token is inching closer to breaking a 2017 record

Bitcoin value soars past $18,000 as it climbs towards all-time high

The cryptocurrency has been gaining steam as the dollar weakens

Retail sales suffering in absence of second pandemic relief package

The rise in COVID-19 cases is also affecting consumer spending

PayPal launches service to allow customers to buy and sell cryptocurrencies

Cryptocurrency appears to be here to stay as companies increasingly move toward using it

CFPB gives consumers more control over how debt collectors contact them

The new rules address modern-day communications like email, text messaging, and social media

White House spokeswoman says chances of second COVID-19 relief bill before election are 'slim'

House Speaker Nancy Pelosi is still hopeful that a deal can get done in the coming weeks

Pelosi sets deadline for passing stimulus bill before election day

The House Speaker warns the White House that time is running out

Citigroup fined $400 million over how it manages data and handles risk

Regulators say the bank needs to make improvements

JPMorgan Chase pledges $30 billion to close the racial income gap

The bank says it will increase housing options and support minority-owned businesses

Billionaires are getting even richer during the COVID-19 pandemic, study finds

Despite recent economic turmoil, the wealthiest class is continuing to make money

Trump ends talks with Democrats on a COVID-19 aid package

The president said negotiations are on hold until after the election

IRS extends deadline for filing to receive a stimulus payment

Americans who don’t file tax returns have until Nov. 21 to register

U.S. trade deficit hits highest level in 14 years

Economists hope another stimulus will help recovery efforts

Preventing heart disease could greatly benefit economy and job market, study finds

Prioritizing heart health could allow consumers to remain employed

House approves $2.2 trillion COVID-19 stimulus measure

The bill contains more aid than Republicans have said they are willing to accept

LendingTree introduces free app to manage finances

Consumers can see all of their financial accounts on a single platform

Trump promises executive action to prevent surprise medical bills

One order would block discrimination against patients with preexisting conditions

Consumers may pay the bill for hospitals’ COVID-19 losses

A study suggests that health care losses could exceed $323 billion this year

Leaked documents suggest banking safeguards are weak

A report shows banks failed to prevent thousands of suspicious transactions

IRS offers $625,000 reward to anyone who can create tracing tool for Monero cryptocurrency or the Lightning Network

The agency wants to catch criminals who rely on untraceable networks

Consumers have paid off a record amount of debt during the pandemic, study finds

It’s the latest evidence that COVID-19 may have triggered healthier financial behavior

IRS to send out millions of letters urging taxpayers to request unclaimed stimulus checks

Getting a message isn’t a guarantee that a consumer is eligible, but it doesn’t hurt to make sure

Americans prefer to save until an effective vaccine is available, study finds

Many consumers are pinning their spending decisions on how well their local area responds to COVID-19

Climate change could have serious impact on U.S. financial markets, report warns

A federal report urges financial authorities to consider the effects of climate change

Consumer groups line up against proposed banking rule change

The groups say the OCC is overturning state interest rate caps

Consumers’ saving habits evolved quickly during the pandemic, survey suggests

Despite economic hardships, people are finding ways to sock money away

Robin Hood reportedly faces SEC probe over disclosure practices

It would be the popular trading app’s latest headache

Economists say we could be facing a ‘double-dip’ recession

Experts believe the U.S. is still in a recession that started in February

Twenty percent of small businesses won’t survive pandemic, survey finds

Another 20 percent don’t expect to make it for another 12 months

Consumers are paying their bills and spending at retailers despite COVID-19

But how long can they keep it up now that government stimulus money has run out?

Consumer complaints continue to hit all-time highs at the CFPB

Credit report gripes are at the top of the list, especially about inaccurate reports

Trump’s payroll tax deferral plan amounts to a ‘payroll tax loan,’ expert says

Some tax experts question whether employers will pass on extra savings to their workers

Nearly 6 out of every 10 families of college students have taken a financial hit

A new survey provides a snapshot of the pandemic’s economic impact

Retirement account balances have surged during the pandemic

The number of accounts worth more than $1 million is up 49 percent

President Trump signs executive orders to extend some COVID-19 relief

The orders will provide $300 per week but do not include a second stimulus payment

Price of gold surpasses $2,000 for the first time ever

Analysts say precious metals are seeing support from safe-haven demand

Congress still deadlocked over the second round of stimulus

Lawmakers face a Friday deadline

Congress deadlocked as extra $600 a week jobless benefit expires

Democrats rejected a GOP measure to lower the payment to $200

GOP backs a second round of $1,200 stimulus payments to Americans

But Republicans balk at extending full $600 per week unemployment benefits

Gold prices hit new high as pandemic continues to impact economy

Is there hope for a rebound? Yes, economists say, but not anytime soon

U.S. Mint asks consumers to put their coins back into circulation

The pandemic-induced coin shortage is getting worse

Treasury Secretary says proposed stimulus bill would replace 70 percent of workers’ wages

Lawmakers are still deciding what to do about the $600 weekly sum provided to the unemployed

Consumer credit defaults fell in June for the fourth month in a row

Despite widespread unemployment, Americans have made their payments

Eligibility cutoff being considered for second round of stimulus checks

Some argue that limiting eligibility isn’t the best course of action

Bonus $600 unemployment payments run out before the end of July

The administration and Congress are considering an extension but at a reduced amount

The world’s richest ask to be taxed to help pay for COVID-19 recovery

‘Humanity is more important than our money,’ the group says

COVID-19 coin shortage has businesses scrambling to make change

The Fed says the pandemic has disrupted the normal circulation of coins

CFPB revises payday lending rules, potentially leaving millions of consumers with ‘unaffordable payments’

The agency says it is trying to ensure the continued availability of small-dollar loans

Nearly half of consumers don’t recognize the ‘contactless payment’ logo

Paying without touching a terminal is suddenly more popular

U.S. Treasury sends stimulus checks to more than a million dead people, report finds

The GAO says fraud is also a huge issue with the relief checks

Americans have taken full advantage of loan forbearance programs during pandemic

TransUnion reports renters, in particular, have used them to manage their finances

Equifax expands availability of free credit reports

Reports can now be accessed through an online government portal

Senate gives green light to the Paycheck Protection Program reform bill

Little by little, small business owners are starting to get more relief from the pandemic

Second round of PPP funding sees lower demand

Analysts say PPP restrictions have made people reluctant to apply for funding

Bitcoin value takes $800 dive in less than five minutes

Investors don’t seem to mind holding on, thinking that the sky’s still the limit

New cars and homes both have increased in price during the pandemic

Prices rose as the sales volume for both categories declined

Most people have used stimulus money to pay bills, survey suggests

Twenty-two percent of millennials are paying off credit cards

Some people are mistaking their stimulus payment for junk mail

A shift to sending prepaid debit cards in plain white envelopes is causing confusion

FTC tries to clear up confusion surrounding stimulus payments on debit cards

Scammers are ready to swoop in and prey on the confusion

House votes to loosen restrictions on coronavirus aid to small businesses

Small businesses will have more spending flexibility

Some low-income consumers make more money from coronavirus stimulus benefits than normal work

Republicans and Democrats disagree on whether the benefits should be extended

Young families face significant financial pressure from COVID-19

A survey shows that 56 percent of families have increased their debt since the outbreak

Federal agencies offers consumer guidance on coronavirus-related mortgage relief

Pausing a loan does not mean it doesn’t have to be paid back when the grace period ends

Consumers are coping with record debt levels during the pandemic

The economic shutdown couldn’t have come at a worse time

Businesses that borrowed less than $2 million in PPP funding unlikely to face audit

However, businesses that borrowed more than that amount will be subject to federal scrutiny

Companies that didn’t need PPP loans are still holding onto stimulus money

An analysis showed that many of these businesses had access to other sources of capital

Trump administration to consider letting workers take Social Security benefits early due to COVID-19

The proposal is being criticized by social security advocates

Fed makes noise about buying ETFs and catches the ire of Bitcoin advocates

Are we headed toward the uber-rich and the peasant poor? One pundit thinks that’s possible

IRS clears the air on why all stimulus checks aren’t the standard $1,200

If the agency makes a mistake, it wants taxpayers to know it will fix those errors on the 2020 returns

SBA Inspector General report finds small business loan rules could ‘burden’ borrowers later on

The report suggests that some businesses may have trouble obtaining loan forgiveness

Cryptocurrency goes through the roof again

Digital currencies may be coming into their own if the investment some power players are making come to fruition

Nearly 50 million credit cardholders say their credit limits have been cut

These consumers will likely see their credit scores fall

Consumers struggling with debt settlement lack representation in civil court appearances

Experts say they’re often going up against professionals and hired companies

Gold prices register first loss in three sessions

Demand for gold has increased during the coronavirus pandemic

Treasury Department to borrow nearly $3 trillion in a single quarter

A large sum will be needed to cover the cost of pandemic assistance programs

Trump administration gives update on second round of small business loans

More loans are going to smaller companies

Consumers saving more money in the midst of the coronavirus pandemic

A government analysis shows personal savings ballooned in March

Cryptocurrency value jumps by $35 billion in one day

The central banks are willing to do whatever they can to keep the U.S. economy afloat

Larger businesses tapped a significant amount of PPP funding

A data analytics firm finds that public companies got a disproportionately large amount of emergency assistance

IRS updates stimulus check payment portal

The changes will make it easier for taxpayers to get information on their payment status

Credit card companies lower credit limits as coronavirus pandemic rolls on

Consumers are in a better position than they were in 2008

Regulators realign Paycheck Protection Program to help real small businesses

The Small Business Administration is creating new rules for additional funding and calling on larger companies to return unneeded money

Small business loan program doubles in size after receiving more funding

The Senate approved nearly half a trillion dollars in additional support

White House, Democrats close on new small business aid package

Democrats pushed to add funding for hospitals and state governments

Small business relief funding for coronavirus could soon be depleted

Negotiations over adding additional funding to the Paycheck Protection Program are ongoing

Banks’ online systems pushed to the brink by stimulus payments

Widespread outages were reported as consumers tried to access their accounts

Fed Chairman says economy is deteriorating fast, but rebound is likely

The official said the Fed will continue to act 'forcefully, proactively and aggressively’ during the coronavirus crisis

Federal Reserve pumps $2.3 trillion into economy as new unemployment claims surge

The move is meant to reduce future layoffs

Federal Reserve announces support of small business lending fund

The Fed says it will buy loans that banks make to small businesses as part of the Paycheck Protection Program

Wall Street’s 11-year bull market ends in a two-week sell-off

Stocks keep falling as the U.S. imposes a travel ban to and from Europe

Fintech disputer Robinhood under scrutiny after trading platform failures

Subscribers couldn’t access accounts during the market’s wild swings

States offering corporate tax incentives don’t benefit from them, study finds

Researchers say these enticements cost states millions but provide almost nothing in return

Young consumers are going into debt seeking health and fitness, survey shows

Millennials and Generation Z spend an average of $124 a month

More Americans are raiding their retirement accounts, study finds

The penalties for early withdrawal totaled more than $5.5 billion in 2017

Payment apps are becoming increasingly popular with consumers

A new survey shows at least 66 percent of people have used one at least once

Couples divorcing after age 50 face many financial challenges

Experts say ‘gray divorce’ is complicating retirement and estate planning

Personal loans among the fastest-growing forms of consumer debt

But for some consumers, there may be better alternatives

Fidelity clients may have seen a $0 account balance due to technical glitch

Many investors started their day Wednesday in a state of shock

Gold prices surge to highest level in over seven years

Values for the precious metal were over $1,600 per ounce this week

Americans are leaving billions on the table in unused gift cards

Use or redeem them for credit on your credit card statement says one industry analyst

Consumer debt moved higher in the fourth quarter of 2019

But a Federal Reserve report suggests consumers have been able to handle it

Millennials are leading the way in increasing retirement savings

An industry report shows younger consumers are also taking advantage of Roth accounts

Trump budget cuts discretionary spending to lower the deficit

The military and veterans would see a boost in spending under the blueprint

Most consumers entered 2020 stressed out over debt, survey finds

But a majority of people also see a debt-free future

Improving your credit score might improve your love life

A study finds that consumers are romantically drawn to people who can manage money

The Federal Reserve wants to relax investment rules for banks

One trade group says more work must be done to ensure that big banks don’t create instability by making bad investments

CFPB seeks to redefine ‘abusive’ financial practices

But a consumer group worries that many protections are being weakened

TD Bank wins top ranking for best customer service

J.D. Power and Associates says the bank delivers ‘consistent customer service’

Many consumers could soon see their credit scores fall

Changes are planned for the way scores are formulated

States charge feds of giving payday lenders a loophole around usury laws

A proposed rule change would allow small loan lenders to affiliate with banks that are exempt

Apple CEO says global tax structure needs to be changed

Foreign country tax dodges are nothing new, but foreign entities are getting wise and want their pound of flesh

Worried about money? A new study shows you aren’t alone

Improving your money management skills could alleviate some of that stress

Consumers’ FICO scores on the rise

Repairing credit takes work, but there are ways it can be done

New SECURE Act requires faster taxable withdrawals from inherited retirement accounts

But the law may help more small businesses provide employee retirement plans

What’s your biggest financial regret of the decade?

For nearly 25 percent of consumers, it’s their massive credit card balance

Trying to game a rewards credit card program could get your account shut down

Having two credit cards might pass the sniff test, but going further might get your account flagged

Experts say spending continues to be a major source of secrecy in relationships

As the shopping season ramps up, researchers warn against potential consequences for stores and partners

Is student loan debt on its way to becoming a crisis?

A few financial watchdogs make the case that it is

Industry report pinpoints source of ‘repo market’ turbulence

The Bank for International Settlements says four major banks have stopped lending

Small business employees are seeing strong wage growth, report says

Smaller companies may face more competition for qualified workers

Bitcoin dips below $7,000

The digital currency is down around $3,000 in the last month

Consumers are going deeper into debt using personal loans

All three credit agencies report double-digit growth in these unsecured loans

Retirement spending habits differ based on your personality

Researchers say introverts and extroverts spend differently

Consumer debt reaches record-high of $14 trillion

Growing confidence and a hot jobs market appear to be fueling the borrowing

Facebook to launch ‘Facebook Pay’ this week to allow users to send payments to each other

The new payment service will work on Facebook, Messenger, Instagram, and WhatsApp

Interest rates may not go much lower for a while

Fed Chairman Powell may shed some light on policy when he visits Congress

Report shows consumers are spending more with plastic instead of cash

Spending using credit, debit, and prepaid cards hit $7.26 trillion last year

Many patients resort to credit cards to pay medical bills, survey finds

A third of consumers with credit card debt pay medical bills with plastic

New Experian tool may increase consumers’ access to credit

Experian Lift is designed to help lenders more accurately measure creditworthiness

Bank of America will adopt $20 minimum wage a year early

The company says the higher pay will help it compete for good workers

Online banking has become more widespread among consumers, survey finds

An overwhelming number of people prefer it to going to a branch

The Federal Reserve cuts interest rates again

The widely-expected move may be the last cut for the year

Bitcoin rallies 25 percent in a matter of days

Comments from China’s president reportedly fueled the sharp increase

Financial forecasters say millennials need to start socking away half of their paycheck

Experts say young consumers need to draw a line between the things they want and the things they need

U.S. budget deficit closing in on $1 trillion

Left unchecked, economists warn it could lead to higher interest rates

Facebook CEO gives congressional testimony on Libra

During a lengthy hearing, Mark Zuckerberg tried to assuage lawmakers’ concerns about the cryptocurrency

Many consumers admit to not being prepared for a recession

However, some economists say there’s no guarantee a recession is on the horizon

Older workers increasingly care for aging parents and support adult children

A new retirement study shows challenges for the ‘sandwich generation’ still exist

Consumer credit default rates are rising, report finds

But defaults on credit cards actually went down in September

Social Security checks will only increase by 1.6 percent next year

The increase is significantly less than in 2019

Fed Chairman Powell signals possibility of still-lower interest rates

Policymakers are open to another cut later this month

PayPal drops out of Facebook’s Libra Association

However, the payments company says it’s still supportive of the new digital currency

A drop in income could harm your mental health

Researchers cite income volatility for an increase in unhealthy brain aging among some consumers

Nearly a third of millennials would consider ending a relationship over financial secrets

However, 27 percent of this generation is hiding a financial issue from their significant other

Homeowners spend $100 billion on high-interest debt, study finds

Used prudently, home equity loans can be a reasonable alternative

Medical debt hampers homeownership goals for many Americans

Experts say the impact of medical debt has a ‘unique capacity to bust budgets’

Fed may have to take steps to keep key interest rate stable

The central bank injected billions of dollars into the banking system in September

Consumers may be feeling some economic pressures, report suggests

Spending is down and concern about paying credit cards bills is up

Americans think financial education classes should be mandatory, survey finds

The cost of education has changed since many parents were in college, making financial literacy even more important

More than half the state attorneys general oppose changes to debt collection rule

The Trump administration has proposed changes to the Fair Debt Collection Practices Act

Researchers say Trump’s Fed criticism is hurting the central bank

Policymakers’ independence is increasingly in doubt

Many consumers have nearly $30,000 in personal debt, study shows

A growing amount of it is high-interest credit card debt

New York Fed injects capital into money markets to alleviate credit squeeze

Lack of cash for loans threatened to send key interest rate surging

Will you make more money in 2020? One survey says ‘yes’

But top performers eligible for bonuses will make the most

Survey finds lack of transparency in health care costs

Many patients put off treatment when they don’t know how much something costs

Consumer credit card debt increased by $35.6 billion in the second quarter

Debt is on track to increase by $70 billion this year

Alcohol taxes aren't doing enough to cover costs of alcohol-related incidents

Researchers say these taxes can be troublesome for consumers who don’t drink excessively

President Trump pushes for negative interest rates

Trump taunts the Fed as ‘boneheads’ for keeping interest rates higher than in Europe

Equifax cash settlement requires recipients to have credit monitoring

It may be another reason to just take the credit monitoring option in the first place

You can now use MoneyGram to send money to someone’s debit card

A company known for dealing in cash moves into digital transfer

Facebook’s Libra bug bounty program goes live

The program is intended to test the security of the company’s Blockchain while it’s still in development

Survey finds consumers overwhelmed by proliferation of rewards credit cards

J.D. Power says lenders need to better communicate the cards’ benefits

Fewer consumers pay their credit card balances in full each month

A survey shows many people are less confident that they’ll be able to do so

Ten percent of college students think credit cards are ‘free money,’ survey finds

Thirty percent of students grade their financial knowledge as a ‘C’ or worse

New investors often fail to diversify their stocks, which could lead to disaster

Researchers say it the results can be so bad that it'd be better to just pick at random

Mastercard is taking a step toward cryptocurrencies

The credit card company is recruiting a crypto team

Retail sales surge in July, and Walmart’s profits soar

Consumers don’t seem to be worried about a recession

The bond market flashes a recession warning

While the economy is still growing, economists say a downturn could be months away

Survey of student loan borrowers shows payments average 20 percent of take-home pay

And that doesn’t count their credit card bills

Consumer borrowing rose more slowly in June

A decline in credit card spending kept the increase from being higher

Stock market suffers biggest point drop of the year

Escalation of trade tensions has investors running scared

FTC says Equifax customers should choose credit monitoring instead of cash

‘Overwhelming’ public response to the settlement could result in small cash payments, the agency says

Federal Reserve cuts key interest rate by a quarter point

Policymakers suggest that may be it for a while

Feds make it easier for small businesses to offer retirement plans

A new Labor Department rule is designed to address America’s retirement crisis

Here’s how to claim your portion of the Equifax data breach settlement

Affected consumers can get a check or free credit monitoring

Millennials struggle with credit cards more than student loan debt

Only 13 percent of millennials pay their balance in full every month

Betterment introduces new banking services

The firm is offering checking and savings accounts like a bank, but without fees

Equifax to pay $425 million to consumers for 2017 data breach

Making a claim is straight forward, but affected consumers do have to file the necessary paperwork

Countries see better overall development when women's rights are a priority

Researchers say the finding is true regardless of a country’s economic status

Bitcoin value slides amid lawmaker scrutiny

The digital coin lost 10 percent of its value due to questions over Facebook’s new online currency

Consumers increase their spending in June

They also appear to be managing their growing debt

Treasury adds its voice to growing doubts about Facebook’s Libra

A Facebook executive will face the Senate Committee today

Benefactor helps Minnesota consumers wipe out $1 million in medical debt

RIP Medical Debt uses donations to buy debt and abolish it

Many in-debt consumers are unwilling to stop spending, survey finds

Here’s how you can break bad habits and get ahead

Are you paying too much for a car or truck?

Survey finds many consumers buy vehicles they can’t really afford

Bitcoin surge pauses on Fed chief’s concerns

But analysts say the cryptocurrency still has room to run

Fed Chairman tells Congress he isn’t going anywhere

Jerome Powell says he’ll give the president and the market what they want

Survey shows 45 percent of couples borrow money to pay for weddings

Not surprisingly, going into debt often leads to early arguments

House Democrats order Facebook to cease plans for its Libra cryptocurrency

The cryptocurrency could pose ‘systemic risks,’ lawmakers say

What keeps you awake at night? For millions, it’s money

Fifty-six percent of consumers lose sleep over at least one money worry

Bitcoin races to new high for the year

Facebook’s Libra and economic uncertainty may be propelling the move

Gold prices rise to the highest level in six years

A weaker dollar and rising global tensions are partly responsible

Bernie Sanders proposes plan to cancel $1.6 trillion in student debt

‘It’s time to hit the reset button,' says the Vermont senator

U.S. Treasury says financial literacy courses should be mandatory for college students

The onus is on the colleges to make sure student borrowers know what they’re getting into early in the process

Federal Reserve leaves interest rates unchanged

But as many as two cuts could be coming later this year

Facebook faces serious government push-back to its digital currency

The chair of the House Financial Service Committee has asked the company to hit the pause button

Facebook announces plans for its digital currency

Libra will launch in 2020

Survey shows the lingering effects of the Great Recession

Nearly half of consumers say their financial situation hasn’t improved

Northern consumers have higher credit scores than those in the South

An analysis suggests where you live can make a difference

Facebook reportedly ready to launch its digital coin

The company may recruit outsiders to control the currency

SEC sets new requirements for financial advisors

The rules are similar to the Fiduciary Rule that was overturned in court

Wealthfront ups the ante on simple savings accounts

The interest rate paid on deposits has risen to 2.51 percent

Hidden fees have become more common and more costly

A recent survey found that 85 percent of us have paid one

Teaching kids how to give can make them financially literate adults

Starting at an early age can help kids later in life

Is a recession just around the corner?

Consumers and economists seem to disagree

Bi-partison retirement bill sails through the U.S. House

The Secure Act is intended to help small businesses set up company plans so consumers can save for retirement

Fed survey finds many consumers still in fragile economic condition

While conditions are improving, many consumers couldn’t weather a large, unexpected expense

Experian report finds consumers have improved their credit management

Credit card balances are lower and so are mortgage delinquency rates

Social Security benefits buy 33 percent less since 2000

Despite low inflation, a report finds seniors are falling behind

Exposure to banking at an early age can lead to long-lasting financial health

Starting early comes with positives

Half of consumers are in fragile financial condition, study finds

Fifty-one percent would face hardship after missing one paycheck

Bitcoin breaks $8,000 for the first time in nearly a year

The cryptocurrency, once left for dead, is roaring higher again

China retaliates against hike in U.S. tariffs

The country has imposed $60 billion in tariffs on U.S. imports

SEC approves new stock exchange for tech startups

Listed companies would not be under pressure to achieve short-term results

Rent is becoming unaffordable for most college graduates

Twenty-two percent of millennials still living with their parents

Trump administration proposes changes to debt collection rules

The number of phone calls would be limited but not texts and emails

What can millennials learn from seniors about money?

Seniors say their biggest mistakes occurred in their 30s

Facebook reportedly working on cryptocurrency-based payment system

The company is seeking to raise up to a billion dollars, partly to protect against the volatility seen in Bitcoin

Most consumers are in the dark about foreign transaction fees

In a global economy, some credit card purchases may cost you extra

A majority of Americans support Sen. Warren’s debt cancellation plan, poll finds

Just 21 percent of respondents said they oppose the proposal

Consumers getting squeezed by rising gas prices and smaller tax refunds

Not everyone is enjoying a robust economy

Over half of consumers are unlikely to have enough money in retirement

AARP says it’s not too late, but time is running short

New York AG accuses cryptocurrency exchange of fraud

Executives have been accused of covering up the loss of $850 million in client and corporate funds

Major changes for consumer credit reports are starting to roll out

The goal is to give consumers greater control over the information used in making credit risk decisions

Survey finds consumers still clinging to cash

Digital payments are growing, but consumers aren’t ready to abandon real money

U.S. government lost nearly $40 billion in tax revenue because of opioid crisis

Researchers say Pennsylvania was the state that lost the most money

Experian settles claims over inaccurate credit reports

Some consumers were tagged with false bankruptcies and tax liens

A third of taxpayers who got refunds last year owe the IRS this year

The new tax laws have a few nasty surprises

Bitcoin sees the biggest one-day gain since last April

Analysts say a ‘mystery buyer’ was the catalyst

Can’t attend a wedding due to financial reasons? Experts say you should still send a gift

Etiquette states that invited guests should send a gift even if they skip the event

Many consumers cite medical expenses as drivers of bankruptcy

A new study shows nearly two out of every three bankruptcies are driven by medical problems

FedEx earnings miss underlines weakness in the global economy

Shipping companies are often the economic canary in the coal mine

Bitcoin rallies off late 2018 lows

But analysts aren’t sure where it goes from here

TD Bank survey finds millennials lack credit knowledge

They tend to tap too much of their credit and let rewards expire

Trucker shortage could raise prices for consumers

The cost of goods isn’t going up nearly as fast as the cost of moving them

Personal incomes fell in January for the first time in three years

But the decline mostly affected investors instead of workers

The auto loan default rate might not be that bad

A report from Experian runs counter to data from the Federal Reserve

World economists predict another great recession by 2021

Economic fortelling is a hazardous exercise because many things seem to be going the right way at the moment

Consumers’ savings rate keeps falling

It’s now at the lowest point since the financial crisis

Young adult cancer survivors faced with issues related to work and money

The study suggests that the disease and treatments impact more than just physical health

New study reveals patience is key when trying to save money

Thinking ahead to what you can have later can help consumers’ finances

American credit card debt reaches a record $1 trillion

More than 1 in 3 people are worried about maxing out when they make credit card purchases

Gold prices hit a 10-month high Tuesday

But the precious metal is still hundreds of dollars less than its 2011 high

FTC says it collected $2.3 billion in consumer refunds in a 13-month period

Around 2.2 million consumers are getting refund checks

More than 7 million consumers are delinquent on their car loans

Fed report suggests not everyone has benefitted from the economic recovery

Poll shows consumers are feeling confident about their finances in 2019

Confidence levels are at a nearly unprecedented level

Trump administration sides with payday lenders in latest regulation rollback

The Obama-era regulations were supposed to prevent consumers from falling into a cycle of high-interest debt

Nearly half of people would end a relationship over irresponsible spending

Keep that in mind while Valentine’s Day shopping

BB&T and SunTrust announce they’re merging

The union will create the nation’s sixth-largest bank

Crypto exchange can’t repay customers due to sudden death of founder

‘They’ve left us completely in the dark,’ customer said

Democrats float plan to increase Social Security benefits

The measure would raise the payroll tax to pay for it

Millennials are both rich and poor, studies suggest

Reports suggest that millennials are making more money than previous generations but must be more cautious due to economic conditions

Federal Reserve declines to raise interest rates

But the change in tone from policymakers may be the best news for consumers

Most Americans under-save for retirement by almost 20 percent

A new report suggests that younger generations aren’t saving enough to fund retirement adequately

Financial infidelity is more common than you think

A survey finds 19 percent of people are hiding financial transactions from a significant other

Many consumers fear maxing out their credit card

A study suggests that a third of consumers are relying heavily on plastic

Corporate CEOs increasingly worried about the economy

Small bank and credit union leaders express similar worries

Federal Reserve may be pushing the pause button on interest rates

There is growing concern among policymakers that it may be slowing the economy

Report suggests U.S. manufacturers will face harder times in 2019

Apple warns that China tensions have reduced its profitability

Survey finds consumers more financially confident in 2019

But a ‘disturbingly high’ number still live paycheck-to-paycheck

Millions of workers will see higher wages starting January 1

A new analysis suggests higher wages may come to 20 states as a result of changing policies

Facebook is reportedly developing its own cryptocurrency

The company is working on a digital currency known as a ‘stablecoin'

Experian says it can help consumers instantly raise their credit scores

Experian Boost counts bills not currently part of the FICO formula

Fed raises interest rates again

The increase was expected but controversial

Survey: Consumers less confident about paying off credit card bills

Still, 67 percent are confident they can pay off the balance within six months

Is rising debt a threat to the U.S. economy?

Former Fed Chair Janet Yellen thinks it could be

Debt collector reaches settlement with 41 states

Thousands of consumers will have debts forgiven

Study finds financial literacy courses can raise credit scores

Consumers who enrolled saw scores rise after one year

Consumers losing access to credit in 2018

The Fed reports that rejections of credit applications are rising

The stock market tanked on Tuesday. Should you be worried?

A Federal Reserve official says he isn't

SEC taking action against crypto-touting celebrities

The agency warns against taking investment advice from social media posts

Fed study concludes millennial consumers not that different from older peers

They don't spend as much because they don't have the money

Bitcoin plummets in value over Thanksgiving weekend

Analysts point out that the entire cryptocurrency market is currently feeling the strain

Credit card interest rates are high and going higher

Consumer's credit card debt has risen this year, along with interest rates

Study finds a lot of confusion about investment account fees

Around 53 percent of investors can't find the fees on their statement

Consumer prices jump in October

But the increase was largely due to gas prices, which are now falling

Higher costs and rising interest rates could soon squeeze consumers

There could be a downside to a growing economy

FTC proposes free credit monitoring for active military

Prohibited would be any advertising or marketing for a free service without proper disclosure

Capital One, Discover tighten credit for some consumers

Is this a warning sign for the economy?

Fed chairman gets some support in current debate over interest rates

Former chairwoman Janet Yellen says rates need to go up 'a bit more'

Should you let your child use your credit card?

Many parents do but regret it later

The U.S. economy grew by 3.5 percent in the third quarter

Stronger-than-expected consumer spending made up for a drop in business investment

Former Fed chairman says we're in 'a hell of a mess'

Paul Volcker's new book pulls no punches

Fair Isaac to test new credit score formula

UltraFICO score takes into account how much money you have in the bank

Trump says Fed is his ‘biggest threat’

The president says Chairman Powell is ‘raising rates too fast’

Selfishness linked to fewer kids and smaller paychecks

A study tackles selfishness from an economic standpoint

Study finds physical and financial health are linked

Consumers who struggle with money are more likely to face health issues

Trump says Fed 'has gone crazy' with rate hikes

The president is questioning policymakers as the market plunges

Social security checks to increase slightly next year

Savings may get eaten away by rising healthcare costs and other price increases

Study shows older consumers have higher credit scores

Cultural differences may partly explain it

Bond yields are surging. What's it mean for you?

It all depends if you're a saver or in debt

Consumers increasingly say they’re satisfied with banks

Chase came out on top in overall satisfaction when compared to its major competitors

Consumers getting refunds from record fraud judgment

The government is sending out $505 million to payday lender customers

New study finds student debt could affect young adults' decision to get married

​Paying off debts is more of a priority than marriage for many young people

Fed rate hikes beginning to pressure consumers

Today's rate increase will raise credit card interest rates a quarter point

One in three households struggle to pay utility bills

Government report shows 20 percent cut back on food and medicine

Payday lenders say they are suffering 'irreparable harm'

A lawsuit seeks to block implementation of the CFPB's small dollar rule

New York State approves two dollar-based cryptocurrencies

Experts believe this is a step in the right direction for digital currencies

Update to credit file law allows consumers to freeze their credit reporting

Credit watchers feel the new option is better than an alert, plus it covers the entire family

Non-citizens say that Bank of America is freezing their bank accounts without warning

People who had accounts with Bank of America for years say that the bank suddenly locked them out of their own accounts

Average cost of childcare almost as much as rent

Parents who rent are getting squeezed between the two costs

Cryptocurrency market loses 10 percent of its value in 24 hours

Bitcoin continues its slide, falling below $6,000

Cardless transactions now available at ‘nearly all’ Chase ATMs

Instead of pulling out a physical card, Chase customers can open their mobile wallet and tap their smartphone

Survey finds average millennial wants to retire at 61

However, few millennial workers are saving enough money to achieve this goal

Florida appoints its own cryptocurrency czar

The state joins others in giving Bitcoin and ICOs close attention

Facebook reverses its ban on cryptocurrency ads

Advertisers will have to apply for ad space

Supreme Court sides with American Express in card fee suit

Justices say company can bar merchants from offering discounts on payments with low-fee cards

Central Bank agency warns that Bitcoin could break the internet

The cryptocurrency may not be replacing traditional currency any time soon

Bitcoin price plummets to new low after academics declare its value was artificially inflated

A new study suggests that trades were timed to spark substantial increases in Bitcoin prices

Bitcoin consumes as much energy as the country of Ireland, study claims

Other experts say it’s difficult to determine how much energy the cryptocurrency actually consumes

Nearly 51 million households can’t afford basic necessities

A new report finds that financial hardship is still a ‘pervasive problem’

Young Americans have less consumer confidence than their parents

New research finds millennials are less confident than baby boomers for the first time ever

Wall Street bonuses in 2017 were the highest since 2006

​Experts say tax law changes have benefited bankers

Bankruptcy makes loans more expensive, but not impossible

A study shows that most consumers can qualify again within two years

Experian launches free tool to remove mistakes from credit reports

The company says consumers shouldn't spend money on credit repair

Two-thirds of millennials haven’t saved anything for retirement

Researchers cite a ‘harsh economic landscape’ as the main reason

Debt collection still a big source of consumer complaints

A joint report shows federal agencies still receive thousands of complaints

Study finds huge knowledge gaps about student loans

The authors say misinformation can lead to costly mistakes

Bill would make credit freeze provisions free for consumers impacted by Equifax breach​

But some consumer advocates say the bill may do more harm than good

Senate makes final tweaks to Dodd Frank revisions

Small community banks would come under less regulation

SEC makes clear that cryptocurrency exchanges must be registered

The agency is stepping up its plan to make sure all investors are protected

Equifax finds 2.4 million additional consumers exposed in 2017 breach

The total number of consumers affected by the breach is getting close to 150 million

SEC launches an investigation into cryptocurrency ICOs

Initial coin offerings are a boom, and the agency wants to know what’s real and what’s not

Citi refunding $335 million back to its overcharged credit card customers

The mistake affects an estimated 1.75 million U.S. credit card accounts

The best cities for consumers seeking a fresh start

Cities with low rents, high incomes, and lots of singles top the list

Congress may be moving toward cryptocurrency regulation

Volatile investments pose risks to investors, regulators warn

Millennials having trouble keeping up financially

A report finds it's a common problem for young people around the world

Hackers rifle through thousands of sites panning for cryptocurrency

A cryptocurrency exchange site was also reportedly hit for hundreds of millions

Government's consumer watchdog says agency will be less aggressive

The CFPB has reportedly dropped a suit against a major online lender

Stock market volatility taking investors on wild ride

Experts say things are simply getting back to normal

How rising interest rates will affect consumers

One economist says the impact should be minimal

Report claims CFPB is backing away from Equifax probe

Sources say the consumer agency shows little interest in the agency’s 2017 data breach

Federal Reserve limits Wells Fargo's growth, demands board changes

Regulators say the bank must show consumer abuses won't happen again

Credit card companies saying no to cryptocurrency purchases

Lenders worry about fraud, consumers getting in over their heads

Federal Reserve sees building inflation but keeps interest rates the same

But rate hikes later this year will affect consumers carrying a credit card balance

Consumers' top financial regrets and how to avoid them

Expert offers advice for avoiding costly mistakes

Thieves now use malware to take control of ATMs

'Jackpotting' is a new threat to these convenience machines

Consumer savings rates fall to 10-year low

Despite spending and income bumps, one expert warns of a possible recession

Cryptocurrencies rocked by 'disappearing' NEM

Japanese exchange says it can't find $400 million of the currency

Bank of America customers owe a fee if they’re low on funds

Bank of America is eliminating a program that allowed low-income customers better access to free checking

Some Wells Fargo customers report getting double charges

Bank says it has now fixed its online banking glitch

Cryptocurrencies start the week with double-digit losses

Bitcoin plunges to below $12,000

Is the Consumer Financial Protection Bureau mission changing?

Critics of the agency say businesses may be getting more protection than consumers

Federal proposal would allow employers to pool their workers’ tips again

Regulators say bringing back tipping pools will help untipped workers. Workers say that tipping pools only enrich their bosses

Tax deadlines and strategies to maximize your retirement savings

Cultivate your investments now for bigger payoff later

Renting is a good deal and about to get better

In many markets, homeownership costs are climbing faster than rents

Federal Reserve raises key interest rate

Here is how it will affect most consumers

Big banks and hackers go after Bitcoin, but value remains high

Billionaires and government agencies say that the Bitcoin bubble will eventually burst

Discover launches new financial literacy program

Latest effort by credit card industry to help consumers understand money management

How the new Republican tax plan may affect the average consumer

While some middle-income earners could see reductions, experts say the plan is biased toward upper income households

Bitcoin's value surges past $10,000

The digital currency has increased its value 940 percent in 2017

Banks are paying more for your deposits

But does it pay to give them your money?

Credit score requirements for renters getting higher, study finds

Here are the scores you'll need to rent in various markets

Most high school students graduate without personal finance course

Only five states require a one semester financial literacy course to graduate

Freedom Debt Relief faces federal lawsuit

CFPB claims the company has deceived customers

Surveys show renters still 'cost burdened' by rents

Nearly half pay more than 30 percent of their incomes on rent

Parents often overspend on their children’s weddings, survey finds

Parents cover about two-thirds of the total cost, but there are many ways to save

Millennials urged to start saving for retirement now

Planning ahead will have critical payoff in the long run, experts say

TD Bank survey reveals U.S. consumers' average spending habits

Top expenditures were housing, dining and transportation

Credit card interest rates poised to go higher

Consumers are urged to aggressively pay off balances to avoid accumulating debt

Millennials are more likely to share salary details with co-workers, survey finds

Why experts say sharing your salary with colleagues may be a good thing

Why consumers should closely follow upcoming tax debate

Chances for tax reform have improved, but experts say the final outcome uncertain

Financial matters couples should discuss before saying ‘I do’

Honesty is key when it comes to talking about money before marriage, experts say

What the tax cut proposal would mean for consumers

If you live in California, it could raise your taxes

The future of consumer banking rests in artificial intelligence

Since consumers seem to like it, traditional banks are getting on board

An emergency savings fund can start with a modest amount

Here's how to build a savings account that will allow you to sleep at night

Why the Fiduciary Rule faces uncertain future

The House of Representatives is poised to deal a deathblow, but the Senate may not follow

Consumers still struggling to put money away

More than half still don't have $1,000 in a savings account

Veterans cautioned on VA loan charges

Lender claims veterans are being targeted with high-cost offers

How do I protect my financial documents from an impending disaster?

We have tips and advice from the experts

The biggest financial stress may be avoidable

Consumer survey finds debt is what keeps most people up at night

Online gambling industry targets low-income consumers and those with past gambling problems

One politician says the industry has 'no moral compass'

Survey finds owning a home still biggest part of American Dream

But growing obsticles may make that dream harder to realize

A 2017 low point for 30-year mortgage rates

It's the fourth decline in as many weeks

Reverse mortgage a risky way to increase Social Security payments

Consumer bureau warns against a tactic being pushed by many financial advisors

Do you live paycheck-to-paycheck?

If you do, a survey shows you've got plenty of company

Feds end consumer measure that earned wrath of payday lenders, Republicans and sex industry

The Trump administration says the banking policy allowed the feds to target merchants for political reasons

How raising the minimum wage by $1 could reduce cases of child neglect

Researchers say recent actions throughout the nation are encouraging signs

J.D. Power: great time to be a credit card customer

Firm finds increased competition resulting in more perks

Perceptions of your partner's spending habits could lead to financial conflict

Researchers say couples tend to view each other as 'tightwads' or 'spenders'

Lenders making fewer subprime loans

TransUnion report finds big drop in personal loans and auto lending

Labor Department delays full Fiduciary Rule for additional 18 months

Key provisions had been set to take effect next January

Record high stock market not telling the whole story

Most stocks are not participating in the rally

JPMorgan Chase fined $4.6 million for not guaranteeing accuracy of consumer information

CFPB says the inaccuracies made it impossible for consumers to open accounts

Lender rolls out 1% down mortgage for first-time home buyers

The new program will help buyers overcome the challenge of coming up with a down payment

Poll: consumers back the Consumer Financial Protection Bureau

Half say banks need more regulation

Making time-saving purchases increases happiness in consumers

Buying ourselves out of unpleasant or time-wasting experiences may be worth it

The economy has improved but money worries persist

High levels of debt keeping many consumers up at night

Consumers support strong regulation of Wall Street, poll finds

The annual survey also found strong support for the Consumer Financial Protection Bureau

Kiplinger rates the top banks and credit unions

Highly rated banks offer more services with fewer fees

What kind of financial shape is your state in?

Researchers at George Mason University rank the best and the worst

Questions to ask before selecting a robo advisor

Experts say investors need to do their homework

More employers promoting financial wellness among employees

Surveys show employees' money angst hurts productivity

Most Americans can't afford a new car, study finds

Experts cite the rising price of vehicles and the anemic growth of household incomes

Complaints about banks on the rise

Analysis shows the numbers rose dramatically last year

Study finds Millennials spend far too much on vices

Results show that the average Millennial eats out five times per week

Consumer groups seek expansion of CFPB's authority

Legislation would give CFPB power to enforce protections for military consumers

Capital One, Discover win honors for best mobile financial apps

But lack of trust still keeps many consumers from going mobile

Fed hikes interest rates amid record high credit card rates

It'll cost a little more to pay off those balances

Feds revising rule covering third-party debt collectors

Banks, not debt collectors, could be accountable for the accuracy of the debt information

Supreme Court splits straws over the definition of a debt collector

Santander was hounding consumers to pay old debts it bought from Citi

Brokers trim mutual fund line-ups as Fiduciary Rule takes effect

The rule is intended to protect American workers' retirement savings from shady practices

Social Security going up, but expenses rising faster

Items purchased by seniors are up steeply in recently years

TIAA rolls out new automated investing platform to simplify retirement planning

The program offers socially responsible options and a range of risk levels

Mortgage rates fall to six-month low

It's a good time to buy a house, if you can find one for sale

Fiduciary Rule policing financial advisors takes effect June 9

But analysts say lack of enforcement will cost consumers billions of dollars

Judge voids car title loans for Massachusetts consumers

200 consumers who took out loans won't have to pay them back

Here are some alternatives to taking out a payday loan

Newer fintech companies are finding ways to serve consumers with damaged credit

Three out of four consumers live with financial regret, survey finds

Consumers cite not saving for retirement earlier as the most common

Consumer debt reaches record high in first quarter

New York Fed finds increase in student loan delinquencies

Financial management tools for college students

Apps and financial education can help students maintain financial stability

Chase mortgage rolls out the points for Sapphire Card customers

Buy a home, get 100,000 Ultimate Points

What to consider before taking out a reverse mortgage

A business professor says they might be right for some, but not all, seniors

States with the highest and lowest cost of living

Moving just might put more money in your pocket

More research stresses financial compatibility in relationships

Bankrate researchers found 42% consider a potential mate's credit score

Fiduciary Rule not killed, as expected, in spending bill

Provision removed at last minute after Democrats balked

Consumer advocates say repealing the Prepaid Card Rule would harm consumers

Pew Charitable Trust report outlines the ways

Feds fine auto lender for violating earlier consent order

SNAAC mostly loans to servicemembers buying used cars

Debt consolidation: the pros and cons

A loan might improve monthly cash flow but it can also pave the way to more debt

Three financial documents you should be checking

But a new survey shows there are a lot of things consumers check more

Why world tensions are making mortgages cheaper

Meanwhile, the mortgage interest tax deduction could be in the crosshairs

All of a sudden, gold is glittering again

If you plan to buy the precious metal, give careful consideration to how you do it

How to dispute inaccurate information in your credit report

Allowing it to stay on your report will lower your credit score

How financial literacy can help ease anxiety about growing old

Researchers say those who understand finance are able to accrue more wealth over their lifetime

When 'fake news' can cost you real money

Fake financial news could cause investors to make poor decisions

Common mistakes consumers make preparing their taxes

Tax preparers argue that they are worth the expense

AGs ask Congress not to abolish protections for prepaid debit card users

A Congressional measure would block protections about to go into effect

New concerns about growing consumer debt

Annual survey finds consumers have more credit card debt, less in retirement savings

Supreme Court weighs in on credit card swipe fees

The justices unanimously said existing regulations inhibit free speech, returned the case to a lower court

Credit card and student loan complaints on the rise

CFPB report details gripes over fraudulent charges, identity theft, and rewards programs

Millennials saving more for their kid's college than for retirement, poll finds

Debt-saddled Millennials don't want their kids to face the same financial challenges

How paying a little extra can reduce your debt faster

LendingTree calculator shows just how expensive interest is

Feds considering changes to banking rules

Data aggregator says a bank proposal would restrict consumer access to information

Municipal debt collectors agree to clean up their act

Governments are often no better than private companies in their debt collection practices

Do you have $2,000 to meet an emergency?

One-third of consumers say they don't

Experian misled consumers about how its credit scores are used, feds charge

The credit reporting agency has been ordered to pay a $3 million penalty

Planning for retirement still not high on workers' things-to-do lists

Saving for retirement doesn't rank very high either

Survey finds consumers feeling better about savings

Unfortunately, they don't seem to be saving any more than last year

What are Millennials most likely to save for?

Study sheds light on the savings goals of Millennials and Gen Xers

What the Fed's second rate hike means for consumers

Among other things, credit card interest rates are likely to rise

Consumers increasingly turning to personal loans

Similar to a credit card, a personal loan is only secured by your creditworthiness

Bitcoin passes gold in value for the first time ever

Experts say the electronic currency's jump in value shows that investors are taking it more seriously

Survey finds consumers don't know about the Consumer Financial Protection Bureau

That's bad news for the CFPB, which is in the cross-hairs of the Republican Congress

How to talk to your significant other about finances

Keep money from ruining your relationship by making sure you're both on the same page

Credit card defaults continue to rise

January survey shows consumers are having a harder time paying their bills

Military personnel speak up for beleaguered consumer agency

Senior enlisted leaders say the Consumer Financial Protection Bureau has aided those in the armed forces

AARP raps Trump executive order reversing fiduciary rule

The seniors group worries about the impact on retirement savings

Study finds link between finger length and lifetime income

The length of the index and ring fingers are known to reflect testosterone levels

Prospect Mortgage to pay $3.5 million for making illegal kickbacks

The scheme involved payments to Realtors and a loan servicing company

About half of consumers emotionally overspend, survey finds

Stress most often drives consumers to spend more than they can reasonably afford

Millions of payday loan ads removed from Google

Consumer groups applaud the effort

Consumer groups file motion supporting CFPB in court battle

A federal appeals court has found that the agency is unconstitutionally structured

Dow Jones Average tops 20,000 for first time

It came close in December before the rally fizzled

Citigroup mortgage units to pay $29 million for giving homeowners the runaround

The companies failed to help troubled consumers who were trying to save their homes, feds charge

Why your emergency fund might not be big enough

The extent and cost of emergencies can be wide-ranging

Moody's to pay $863 million for favoritism in its ratings

Twenty-one states and D.C. sued the company, claiming its actions contributed to the financial crisis

Morgan Stanley pays $13 million to settle overbilling charges

Company says the charges were the result of coding errors

Why you might have to move to get ahead financially

There are places where your money may go a lot farther

New Amazon rewards Visa pays 5% cash back

But the card is only available to Prime members

5 habits of financially fit consumers: #3, Setting financial goals

When you have a reason for getting your financial life in order, it's easier to do

CFPB: TransUnion, Equifax deceived consumers, ordered to pay restitution

Companies tricked consumers into costly recurring payments, feds charged

5 habits of financially fit consumers: #1, Checking credit reports

Personal finance experts agree you should check your credit report on a regular basis

Dow Jones Industrial Average closing in on 20,000

The benchmark average has soared nearly 8% since election day

Race track owner selling his business to protest new South Dakota payday law

Voters overwhelming approved a measure to limit interest rates on payday loans, upsetting a payday lending magnate

Five easy household budgeting tips

To effectively save money, just take baby steps

Do you really need a brick-and-mortar bank?

If so, you may have a hard time finding one soon

Credit card worries weighing on consumers

Survey finds credit cards are a much bigger concern than student loans

Navy Federal Credit Union fined for improper debt collection practices

Many of those targeted were active-duty military members

Chase, Capital One top bank brand study

Harris Poll finds consumer attitudes toward banks softening a bit

What causes you the most financial stress?

Survey finds 20% of consumers stressed by too much credit card debt

The psychology of saving money

Could it all rest on whether you think about the future?

Is it easier to save money when you pay with cash?

Research shows consumers think about a purchase more when they pay with cash

Costco's switch to Visa from Amex doesn't sit well with everyone

The new Visa card features higher cashback credits, but not everything about it is so rosy

Wells Fargo launches new loan program for first time homebuyers

Aims to help low-to-moderate income consumers become homebuyers

Millennials go out more but spend less, survey finds

The generation uses credit cards 22% less than the average consumer

How much does it cost to attend a wedding?

The average person will attend three weddings this year, and expenses can really add up

Stockpile: gift cards for stock

Company offers an easy way to get into the stock market

Credit card showdown: Chase Freedom vs. Blue Cash Preferred

Both cards are excellent for day to day purchases

Rising life insurance premiums challenged in court

Consumer group brings class action suit against Transamerica

Bankers warned about putting student loans into default when co-signer dies

The practice can ruin borrowers' credit and could be deemed unfair and deceptive

HSBC paying $470 million to settle mortgage abuse claims

Much of the money will go to consumers who lose their homes to foreclosure

Study finds that more expensive weddings often lead to shorter marriages

Research shows that weddings under $1,000 create the longest-lasting marriages

Royal Bank of Scotland warns investors to “sell everything”

Note warns that world stock markets poised to lose up to 20% of value

Feds fine Clarity Services Inc. $8 million for consumer credit violations

The company allegedly obtained credit reports illegally

Wells Fargo to pay $81 million for mortgage violations

The bank failed to send all required notices to homeowners

As costs skyrocket, wedding loans becoming more common

In some cases, the loan could outlast the marriage

Congress may allow debt collector robocalls to cell phones

Hidden in the budget bill, the provision would open the floodgates for collector robocalls

Gold prices are up and so are the gold commercials

But catching the gold bug proved costly in the past

More military members identified as eligible for foreclosure relief

Nearly 1,500 more servicemembers are eligible for payments

Mortgages continue to dominate complaints to the CFPB

Foreclosures, lack of information and payment problems irk consumers

Why cheap Chinese products are about to get cheaper

China has devalued its currency in an effort to boost sagging exports

Feds take action against sellers of non-existent credit or identity theft monitoring services

If you were ever charged for these “services,” you might be owed a refund

Mortgage rates on the rise

Some have moved above the 4% mark

RPM Mortgage to pay $19 million penalty

The company steered consumers into costlier mortgages

Feds charge Nationwide Biweekly's "Interest Minimizer" is deceptive

Many consumers wind up paying more in fees than they save in lower interest payments, the CFPB alleges

Green Tree Servicing to pay $63 million to settle federal charges

The mortgage servicing company allegedly abused consumers, misrepresented amounts owed

Many students starting STEM education aren't finishing

Researchers concerned at high drop out rate

Subprime loans -- betting that new car will last 84 months

Low payments look good but seven years of interest adds up

Fifth Third Bank customers miffed by security procedures

Bank blames depositors for fraud by third parties, one customer complains

What you should know about home equity loans

Despite their risks they are often better than other sources of credit

AT&T to GigaPower home Internet customers: online privacy costs $29 extra per month

Even if you do pay, AT&T still reserves the right to "collect and use web browsing information"

Midland National Life agrees to $1.3 million penalty

California's insurance commission uncovered problems while responding to consumer complaints

TD Bank's overdraft fees are excessive, lawsuit charges

Transactions are reordered to maximize overdraft charges, the suit alleges

Fannie Mae unveils new mortgage for first-time buyers

Qualified buyers can put as little as 3% down

Conventional mortgage or FHA? Which is cheaper?

New mortgage rules may make low-down-payment conventional loans more affordable

U.S. Bank ordered to refund $48 million to consumers

420,000 customers were charged for identity protection "add-ons"

Bank of America to pay $16 billion fine for mortgage fraud - homeowners to get $7 billion

It's the largest civil fine in American history

The small fortune hiding in your loose change

Your nickels and old pennies might be too valuable to spend

Pension loans and why you should avoid them

Short-term gain in exchange for long-term loss

Payday loans, debt collection, credit reports -- all have big problems

Report finds illegal actions, slipshod practices in all three areas

Could you get $2,000 in an emergency? 40% of Americans can't

If you don't have a nest egg, start building one today

Bank of America to pay $727 million for deceptive marketing of credit card add-ons

Feds say at least 1.4 million consumers were harmed by the illegal practices

Walmart MoneyCards: still being hacked

A reader this week reports the same problem we discussed last September

Is your check any good? Certegy thinks it knows

When a data broker flags you as high-risk, what can you do?

Ocwen to pay homeowners $2 billion for its servicing errors

The mortgage servicing firm will also refund $125 million to foreclosure victims

Telecheck Code 3: denying checks despite sufficient funds?

Overzealous anti-fraud net ensnares innocent customers, too

Is it any easier to get a mortgage now?

With the market recovering, getting a loan can still be tricky

Prepaid money card fraud: What can you do?

Prepaid cards lack the legal protections of credit or debit cards

Foreclosures fall but the pain continues

The numbers say things are getting better but some consumers say otherwise

Starting over after bankruptcy

If you have a plan, you can put your financial life back together

Thinking about opening a restaurant? Here are some tips.

It'll take a lot more than a love for food to be successful.

Mortgage re-defaults increasing at an 'alarming rate'

And some homeowners are still trying to modify mortgages, meeting the same problems as before

Want to sell your own art or merchandise? Here's how

Many of us have a good business idea, but don't know how to get that idea off the ground.

The pros and cons of buying a franchise

It usually comes down to how much money and experience you have

How Secure is Mobile Banking?

It has the potential to be very secure, report finds

Banks Charge Non-Customers to Cash Checks

Closing your bank account doesn't mean you can escape fees

About Those $1 Charges on Your Debit Card Account

Some are normal, but some are signs of trouble

American Express Offers $25 Credit On 'Small Business Saturday'

Consumers get money back for spending at small businesses

Banks Awash in Cash, Which Isn't Good News

Investors flee stock market, park money in banks which have no use for it

Can't Pay Your Alimony? Don't Panic

The scenario is not unusual and there are solutions, but prompt action is needed

Bank of America Subsidiary Sued For Illegal Foreclosure

Washington State says ReconTrust repeatedly violated the law

Bank of America's 'PayPlan' Was Deceptive, Homeowners Charge

Automatic payment plan was supposed to save customers money

Foreclosure Backlog Will Take Decades to Clear Out

Banks' plodding pace isn't always bad news for consumers

GAO Finds Little to Support Congress' Abolition of ACORN

Grass-roots consumer organization was driven into bankruptcy by conservative critics

Bankruptcy Rates Higher Among Cancer Survivors

Insolvency rates highest along longest living survivors

Food Prices Expected To Climb In 2011

Agriculture Department economists say higher energy costs are part of the reason

Chase Making Refunds to Overcharged Military Personnel

But violations of law intended to protect active-duty military appear widespread

Finding Money from Pension Plans of Past Employers

That couple of hundred a month can really add up

Federal Reserve Sees Improvement In The Economy

But housing market remains a big problem

Top Financial Products for Young Adults

Focus on what you need when you’re just starting out

Gym Membership Contracts: Read The Fine Print

Consumers should know what they're signing before becoming members of a gym

Study: Credit Card Reward Programs Lead to More Debt

It all started with those frequent flyer points

High-Dividend Stocks May Offer the Best Value for Today's Investor

So here are four stocks with high dividends worth looking at for 2011

4 in 10 Americans Saving 0 for Retirement, Women Worrying More Than Men

More than 80% admit they don’t know what it takes to save

Credit Scores Take A Hit from Home Foreclosures, Reduced Credit Lines, Job Losses

Texas cities have lowest scores, upper Midwest does better

Foreclosure 'Short-Cuts' by GMAC Mortage May Be Just the Latest in a Series of Missteps

Consumer advocate says GMAC's practices are an 'abuse' of the process

Payday Loan Lawsuit Brings $18 Million Settlement Against Advance America

Lawsuits are part of a 'one-two punch' against unscrupulous lenders, officials say

How Often Should You Change Your Oil?

If you're driving a new car, changing every 3,000 miles could be wasteful

Ohio Cracks Down On Charitable Fundraiser

Courtesy Call Inc. accused of using 'dishonest and distasteful' tactics

How Safe Are Online Financial Transactions?

Survey shows overwhelming majority of consumers worry about identity theft

Consumers Warned About Amazon.com Scam

Email appears to be from online retailer, but isn't

How To Cancel A Credit Card

Simply calling an 800 number isn't enough

FTC Broadens Case Against Mortgage Relief Scheme

Agency says 'forensic audits' were unlikely to help homeowners

Colorado Attorney General Sues Veracity Credit Consultants

Says company illegally charged upfront fees, made misleading claims

FCC Questions Telcos, Google on Early Termination Fees

Inquiry comes on heels of Verizon price hike, Nexus One intro

Major Changes To Quick Tax Refund Loans Industry

8.4 Million Refund Anticipation Loans Made in 2008

House Passes Financial Industry Regulations

Establishes Consumer Financial Protection Agency

Ohio Sues Credit Rating Agencies

Accused of 'spectacularly misleading' ratings

Class Action Filed Against U.S. Fidelis

Fraud, high-pressure sales tactics alleged in auto warranty sales

FDIC Warns It's Running Out of Funds

Flurry of bank failures could burn through FDIC's reserves

Split Your Direct Deposit to Save More Money

Automatic saving can help build nest egg with no effort

Free Money Is Often Neither

'Free' online searches may produce little and often aren't free

Scams Sprout from Financial Crisis

Consumers vulnerable to scams growing out of Wall Street meltdown

When Should You Sell Exchange Traded Funds?

Even less volatile investments have a "sell by" date

California: Citibank Stole $14 Million from its Customers

Bank agrees to stop illegal 'sweeps,' make refunds

Some Blame Obscure Accounting Rule for Financial Crisis

Fate of Freddie Mac, Fannie Mae in doubt today

Lawyers Rate Allstate as Worst Insurance Company

'Boxing gloves' replace 'good hands,' lawyers charge

Did Wall Street Wreck The Economy?

Congress, regulators start to connect the dots

FDIC Staffs Up to Handle Bank Failures

Agency trying to rehire retired staff

High-Fee, Low-Credit Charge Cards Prey Upon the Poor

Feds override state consumer protection laws

Macy's Customers Get New Citicards--Like It Or Not

Citibank flipped store cards into true credit cards

Consumers Dispute FTC Report on Insurance Credit Scoring

FTC Report Should be Rejected by Congress, Groups Argue

Businesses Back Off RFID

Consumer Backlash Discourages Spy Chip Promoters

AARP Launches Annuity Program for its Members

Fixed Annuity Ensures Retirees Don't Outlive their Assets

FreeCreditReport.com Can Get Expensive

Opt-out credit reports can run up big bills quickly

Subprime Lender Implosion: Bad Omen For Housing Market

Lenders Collapsing Faster than Cheaply Built Houses

Jackson Hewitt Pays $5 Million to Settle California Charges

High-Cost Tax Refund Loans Marketed to Low-Income Customers

Michigan Credit Card Mystery Deepens

Is It the Newest "Worst Hack Ever?"

New Bankruptcy Law, One Year Later

The strict new rules and expensive requirements have caused frustration for debtors, lawyers, and judges alike

The Ads Say "It's Time to Talk to Chuck" But what if Chuck no longer works there?

But what if Chuck no longer works there?

"Trailing Interest" Snags Bank Of America Customers

Paid in full? Doesn't matter. You may still be charged "trailing interest"

Your Next Home: Custom or Modular?

Factory-Assembled Homes Surpassing Stick-Built

Bank Of America Goes Global

Charlotte Giant Hopes for Growth in Asia

Chase Warns of Online Survey Scam

It's seldom a good idea to take part in an online survey

Congress May End Wal-Mart's Banking Dreams

The superstore will stay just that

TransUnion Gets Into Tenant Screening Business

Part of a Broader Effort to Identify and Rate "Thin Credit" Consumers

Study Disputes Lenders' Excuses for Charging Blacks and Latinos Higher Rates

MasterCard IPO Shifts Risk from Banks to Investors

But investors should think carefully before putting too much of their money into shares of MasterCard

Plastic Peril: Credit Cards and Students

Avoid early on setting debt

Vermont Loses Laptop Loaded with Student & Faculty Data

Employee Applying for "Free" Credit Monitoring Runs Afoul of Experian

Bank Of America Considering Its Own Credit Card Brand

Bank of America is pushing hard to overtake Citigroup as the world's largest bank

The "Worst Hack Ever:" Debit Card Security Crisis Continues

Debit Card Security Crisis Continues

IRS May Let Tax Preparers Sell Customers' Information

Proposal is a License to Plunder, Consumer Groups Argue

The Earnings Suspense File: Social Security's "Secret Stash"

"Money from Nowhere" Fattens Government Accounts

Ameriquest Settles Multi-State Probe

Ameriquest, the nation's largest sub-prime lender, has agreed to pay $325 million

Bank of America Completes MBNA Buyout

$850 Million In Savings, 6000 Jobs Lost

H&R Blocked, Again

Tax Firm To Settle More Payday Loan Suits

Credit Cards Ensnare, Victimize Working Families, Report Finds

Bankruptcies rose from 616,000 in 1989 to over 1.8 million in 2004

Spitzer Charges Feds Conspiring to Shield Banks Against State Consumer Protection Laws

NY AG calls government's actions "unconscionable"

MBNA Turns Up the Heat

Credit Card Giant Raises Rates, Plays Hardball with Clients

Predatory Lending Bill A Ruse, Consumer Groups Charge

Bill would preempt stronger state laws

Senate Passes MBNA's Bankruptcy Bill

Bill is a victory for banks, a disaster for consumers

Tax Anticipation Loans Victimize Cash-Strapped Consumers

H&R Block, the nation's biggest provider of tax anticipation loans, is the target of consumer protests.

Credit Counseling Scams On the Rise

But consumers must be cautious when choosing a credit counseling organization

CitiGroup Settles Predatory Lending Charges for $215 Million

Behind The Screen Door - Knowing the SCOREX

Like credit ratings, rental scores are numbers generated from analyzing a client's statistical data

Renting A House or Apartment - Your Rights as A Renter

Renting A House or Apartment