Most common hidden ‘junk fees’ and how much they cost you
Junk fees increase the total cost of many goods and services including concert tickets, hotel rooms, gym memberships and utility bills.
IRS warns thousands of taxpayers could face criminal prosecution for filing false returns
The IRS warned on Tuesday that thousands of taxpayers could face criminal prosecution if they filed false tax returns for high refunds.
$3 million may be paid to private student loan borrowers ignored by servicer – Here's who is impacted
A student loan servicer may be on the hook for ignoring borrowers' requests for payment reduction on loans held by the National Collegiate Student Loan Trusts following a CFPB enforcement action.
Meme stocks like GameStop are once again in the news, and here's why
It looks like 2021 all over again recently, as a 'meme stocks' like GameStop and AMC saw sudden and rather drastic share price increases. Here's what to know about meme stocks, and what's behind this latest rally.
New vehicles are becoming more affordable as vehicle loan interest rates decline
New vehicle prices are dropping, but auto insurance rates are continuing to rise across the country.
Most baby boomers heading toward retirement have little saved: study
Baby Boomers in their 60s have little saved for retirement while many Gen Xers have nothing saved.
Middle schoolers get taste of stock market, investing through financial literacy class
A middle school teacher in Brooklyn, New York, is helping his students learn about the stock market and investing through a financial literacy class.
What is ‘ghost debt’? Buy now, pay later plans more popular than ever
A new form of debt looping a lot of Americans is being referred to as “ghost debt” or “phantom debt” – stemming from the popular buy now, pay later apps.
US regulators investigate credit card rewards 'bait and switch' schemes
U.S. authorities have already taken action against American Express and Bank of America in a "bait and switch" credit card rewards investigation.
More Americans to qualify for Social Security under new SNAP rule
The Social Security Administration has expanded the definition of a public assistance household to include SNAP recipients, broadening eligibility and potentially increasing benefits for more Americans.
Social Security fund gains extra year of solvency – benefits will begin to be reduced in 2035
Social Security trust funds will not run out of money until 2035, at which point Seniors can expect their benefits to be reduced by 17% unless Congress takes steps to shore up the program.
Nearly half of all homeowners concerned weather-related events will raise their homeowners insurance rates
Weather-related events in states like Texas, Colorado and Arizona are causing double-digit rate hikes for homeowners.
Tax refunds left unclaimed from 2020 will expire later this month
The IRS says about a billion dollars in unclaimed tax refunds from 2020 will expire later this month.
Americans paid slightly more for fuel this week as gas prices rose by a few cents, on average
Fuel costs didn't go up by much this week due to low oil prices and a lull in demand.
Art Institutes borrowers to get student debt cancellation, Biden says
The president and Education Secretary Miguel Cardona described the Art Institutes as "predatory" and said the new handouts would help students who were victims of their actions.
What do higher-for-longer interest rates mean for your money?
Americans will be forced to adapt to a new normal where savers benefit from higher rates, but borrowers face steeper debt payments on everything from credit cards to mortgages to student loans.
Consumers see higher auto payments in exchange for better borrowing rates
Car loan terms have shortened as buyers with better credit seek cheaper rates for higher monthly payments, a recent Experian report said.
Biden's new student loan forgiveness plan would cost an extra $84 billion: report
Biden has proposed a plan B student loan forgiveness proposal that would cost taxpayers an extra $84 billion, a recent Penn Wharton analysis said.
IRS to decide on restoring free tax site amid uncertain future of program
The government pilot program rolled out this tax season allowed some taxpayers in 12 states to submit their returns directly to the IRS for free.
81% of millennials say they can't afford a midlife crisis
Are millennials a generation in crisis? A majority said that type of crisis is a luxury they can’t afford.