New rules could make it easier to switch banks
A new banking rule would make it easier to switch banks or lenders, but it’s already facing pushback from the financial industry.
Americans spending less money on Halloween
High prices have Americans spending less this year.
Inflation gauge falls to lowest level in 3 1/2 years
Inflation has improved over the past two years after supply chains recovered from disruptions from the pandemic and the Federal Reserve raised its key interest rate.
Biden administration forgives $4.5 million in student debt for 60,000 borrowers
The Biden administration announced over $4 million in funding for borrowers who have met PSLF requirements.
IRS announces higher standard deductions for 2025
The IRS has announced higher standard deductions for U.S. taxpayers in 2025, allowing them to shield more income from taxation.
Americans are feeling more anxious about their credit card debt, survey finds
Americans appear to be feeling more worried about mounting credit card debt, according to the New York Fed’s September 2024 Survey of Consumer Expectations.
Federal Reserve slashes key rate by half-point, signals end of inflation battle
The Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates helped tame inflation but that also made borrowing painfully expensive for consumers.
How the expected rate cut could impact your money
The Federal Reserve's latest meeting starts wrapping up today when the central bank is expected to finally announce a long-awaited cut in its key interest rate. Here to explain the impact this will have on U.S. consumers is Mark Weinraub with Crain's Chicago Business.
Tips for healing from financial anxiety
Personal finance expert Anthony O'Neal dishes out money tips from his new book "Take Your Seat at the Table."
Tackling credit card debt
Americans owe a record $1.2 trillion in credit card debt. One of the biggest issues is the balance that carries over and grows each month.
College Savings: What parents and students should know
According to a recent study, saving for college is a priority now more than ever. A 529 plan offers a flexible, tax-advantage way to save and pay for educational expenses.
Social Security: 3 changes to look out for in 2025, according to experts
The Social Security COLA increase in 2025 is likely to be smaller than in 2024, according to estimates. Here are some potential changes Americans should take into account.
Maryland city will pay you $20,000 to move there
A city in Maryland is offering a $20,000 incentive to get new residents to move there.
Here's how much money you need to feel 'rich' in 2024
Fewer than one in five Americans surveyed said they are currently on top of their finances.
Biden asks Supreme Court to lift block on student loan repayment plan
The Biden Administration has turned to the Supreme Court to help lift a block on the Saving on a Valuable Education (SAVE) plan.
US inflation slowed again in July, clearing the way for the Fed to begin cutting rates
Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September.
4 ways to make money now
Candy Valentino, author of "The 9% Edge," talks about lessons from her new book that can help you make money quickly.
Americans owe record $1.3 trillion in credit card debt
Credit card debt has reached record levels in the U.S., a troubling sign that consumers are increasingly relying on credit cards to cover everyday costs.
Top US cities where Americans are adding the most debt
Americans are increasingly turning to their credit cards to cover expenses nationwide. However, some U.S. cities are accumulating new debt at a faster pace than others, according to a new report.
Mortgage rates drop to new low as Fed grows closer to slashing interest rates: Freddie Mac
The average 30-year fixed-rate mortgage was 6.73% for the week ending Aug. 1, according to Freddie Mac's latest Primary Mortgage Market Survey.