By Andrew Osterland, CNBC Few things cause more financial distress and anxiety than a large slug of high-interest rate credit card debt. Millions of Americans of all income levels carry large balances on credit cards that charge very high interest rates. According to Federal Reserve data, the average annual percentage
By Andrew Osterland, CNBC Personal bankruptcy filings have fallen dramatically since the beginning of the coronavirus pandemic, but with interest rates rising and government relief waning, filing numbers will likely pick up through this year, say experts. “I’ve had more calls in the last few weeks than the previous six
By Vivekanand Jayakumar, The Hill Once again, U.S. consumers are sharply reorienting their spending patterns — the two-year-long pandemic-induced spending splurge on durable goods appears to be waning just as pent-up demand for services takes off. Despite inflation remaining near 40-year highs, overall consumption expenditure in the U.S. remains quite
By Tyler Pager, Danielle Douglas-Gabriel and Jeff Stein, Washington Post White House officials are currently planning to cancel $10,000 in student debt per borrower, after months of internal deliberations over how to structure loan forgiveness for tens of millions of Americans, three people with knowledge of the matter said. President
By Aarthi Swaminathan, Yahoo Finance President Joe Biden recently said that he’s considering some level of broad-based student loan forgiveness in the coming weeks, and one Democrat who has repeatedly pushed for cancellation says that’s major progress. “All we know is that the President has expressed an openness to to
New York – September 2, 2017: Eurosport Analyst Grand Slam Champion Boris Becker Comments Tennis Match During US Open 2017 at Billie Jean King National Tennis Center New York. (Shutterstock) By Olympics NBC Sports LONDON — Tennis great Boris Becker was sentenced to 2 1/2 years in prison on Friday for illicitly
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
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 Korankye, The Conversation When people take out student loans for themselves, certain risks are involved. The debt can negatively affect a person’s mental, emotional and even physical well-being. It can also harm a person’s financial well-being. But when taking out a student loan for one’s child, the risk
