By Aarthi Swaminathan, Yahoo Finance The Biden administration will enact another extension of the pandemic payment pause related to federally-backed student loans through the end of August, according to multiple reports. The extension was first reported by Politico, and a U.S. official confirmed the plans to the Associated Press. The
New York, NY – March 21, 2022: AG Letitia James attends press conference with union 1199SEIU leaders at union headquarters. (Shutterstock) NEW YORK – New York Attorney General Letitia James sent letters to the largest credit card companies and major debt collectors operating in New York, warning them of new state
By Diana Olick, CNBC The average rate on the popular 30-year fixed mortgage hit 4.72% on Tuesday, moving 26 basis points higher since just Friday, according to Mortgage News Daily. As a result of the recent spike in rates, economists are now lowering their home sales forecasts for this year.
By Amy Hebert, FTC If you’re a college student, or a student in a vocational or certificate program, there are scams that specifically target you. This National Consumer Protection Week, we’ve been focused on how scams affect every community. We want to let you know about some scams that might
By FTC If your credit, ATM, or debit card is lost or stolen, federal law limits your liability for charges made without your permission, but your protection depends on the type of card — and when you report the loss. Report Loss Or Theft Immediately If your credit, ATM, or debit
New York City, NY USA February 28, 2022. Mayor Adams rings the opening bell at the New York Stock Exchange on the last day of Black History Month. (Shutterstock) NEW YORK – New York City Mayor Eric Adams today announced an agreement with Berkeley College that will deliver $20 million in debt relief
By Thomas Franck, CNBC There may be plenty of reasons to confirm President Joe Biden’s nominees to the Federal Reserve, but economists say concern that the central bank won’t act to rein in inflation shouldn’t be among them. It is virtually guaranteed that the Fed will hike interest rates next
By Diana Olick, CNBC Homebuyers are facing one of the priciest housing markets in history, and that means they need larger mortgages than ever before. While mortgage demand is falling, due to rising interest rates, the size of the average purchase loan application just set a record. Mortgage applications to
By Jeff Cox, CNBC Consumers ended 2021 with record levels of debt, leading into a year in which interest rates are expected to rise substantially. Total U.S. consumer debt at the end of the year came to $15.6 trillion, a year-over-year jump of $333 billion during the fourth quarter and
By Jeff Cox, CNBC Companies cut jobs in January for the first time in more than a year as the spread of the Covid omicron variant appeared to hit hiring, payroll processing firm ADP reported Wednesday. Private payrolls fell by 301,000 for the month, well below the Dow Jones estimate
