Rohit Chopra, director of the Consumer Financial Protection Bureau. Alex Edelman/Bloomberg via Getty Images The Consumer Financial Protection Bureau on Wednesday signaled a broad crackdown on hidden and excessive fees charged by banks, mortgage lenders and other financial entities. The federal agency, created in the wake of the 2008 financial crisis, is seeking consumers’ input
Personal finance
Mihtiander | Getty Images The stock market’s wild ride this week may have you questioning your retirement investing strategy. On Monday, the Dow Jones Industrial Average shed more than1,100 points before rebounding to close slightly higher. However, Tuesday’s early market activity ushered in a new triple-digit drop before the index began to bounce back midday.
J. Kempin | Getty Images Entertainment | Getty Images The wild swings in the stock market may have you stressed about your investments. Yet if you took a page from self-made billionaire Warren Buffett, you shouldn’t be too concerned about daily market moves. “You’ve got to be prepared when you buy a stock to have
Tetra Images If you’re looking for a relatively safe, tax-friendly asset, you may be eyeing municipal bonds, known as muni bonds or “munis.” Demand soared in 2021 as investors fled from President Joe Biden’s proposed tax increases, with a record $96.8 billion of net money pouring into U.S. muni mutual and exchange-traded funds, according to
People walk through the North American Bitcoin Conference held at the James L Knight Center on January 18, 2022 in Miami, Florida. Joe Raedle | Getty Images Bitcoin has had a difficult start to 2022. The top cryptocurrency fell below the $33,000 mark on Monday to its lowest point since July, before regaining some losses
US President Joe Biden speaks about the September jobs report from the South Court Auditorium at the White House in Washington, DC, on October 8, 2021. Olivier Douliery | AFP | Getty Images The U.S. government has sent an unprecedented amount of aid to Americans amid the Covid-19 pandemic. Yet the latest efforts to deploy
Hannah Kohr made a career change after quitting her job during the “Great Resignation.” Courtesy: Hannah Kohr Hannah Kohr started reassessing her career as a library assistant shortly after the Covid-19 pandemic hit. She had spent the majority of her time at the Cleveland Public Library helping families with basic needs such as food, housing
U.S. President Joe Biden holds a formal news conference in the East Room of the White House, in Washington, D.C., January 19, 2022. Kevin Lamarque | Reuters Important pieces of President Joe Biden’s Build Back Better agenda may have to come out of the bill. Children and college students will pay the price. “There’s two
Jen Cousins, center, with her husband, Matt and their children Noel, 13, Saffron, 12, Milo, 8 and Poppy, 6. Jen Cousins Without a January child tax credit payment, Jen Cousins will have to wait a few extra months to replace the brakes on her minivan, the only car her family of six owns. Cousins, 44,
This year’s tax filing season begins on January 24. Some new, younger investors may be in for a surprise. Last year’s trading frenzy over “meme stocks,” such as AMC Entertainment and GameStop, could now have an unexpected impact on 2021 tax returns. “Last year was a really interesting year in terms of investors, especially younger
U.S. President Joe Biden delivers remarks alongside Intel CEO Patrick Gelsinger (L) and Commerce Secretary Gina Raimondo as he speaks about the ongoing supply chain problems in the South Court Auditorium of the Eisenhower Executive Office Building on January 21, 2022 in Washington, DC. Chip Somodevilla | Getty Images Some federal employees just got a
In this article NAVI jetcityimage There was a great deal of interest in the recent news that Navient, one of the largest student loan servicers, would be canceling the debt of 66,000 borrowers. The main question people had: Am I one of them? Probably not, is the short answer. Just around 0.15% of the country’s