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Tax refund advances appeal to more cash-strapped Americans

Cash-strapped Americans anxious for tax refunds are increasingly turning to payment advances, prepaid cards or other costly services when getting tax preparation help, according to new federal data raising concerns among regulators about whether consumers are fully informed about the fees.

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Why Fed won’t have a big impact on your loans anytime soon

With the economy still growing slowly and inflation minuscule, rates will likely hover near historic lows. The Fed doesn't want to ratchet up the monthly payments on your credit card. It's in no rush.

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Fed approves dividend, buyback plans for US banks

The Federal Reserve gave the green light Wednesday to major U.S. banks to raise dividends and buy back shares, deeming they have a sturdy enough financial foundation to withstand a major economic downturn.

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Fake IRS agents target more than 366,000 in huge tax scam

Fake IRS agents have targeted more than 366,000 people with harassing phone calls demanding payments and threatening jail as part of a huge nationwide tax scam that has cost taxpayers $15.5 million.

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Major unions stepping up battle against free-trade pact

The AFL-CIO union says it and its affiliated unions are freezing political contributions to federal candidates "until further notice" to channel funds into the labor's intensifying battle to stop or at least help shape a proposed free-trade agreement being negotiated by the U.S. and other nations that border the Pacific Ocean.

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Survey: Business economists support rate hike this year

Most business economists expect the Federal Reserve to raise interest rates in the second half of this year, but say uncertainty over the Fed’s plans is no longer slowing U.S. economic recovery, according to a new survey.

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Fed struggled in 2009 over how to boost economy, papers show

Transcripts of their meetings released Wednesday showed that the Fed’s policymakers feared the precedents being set by providing billions of dollars of government aid to the nation’s largest banks.

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