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.
Read More »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.
Read More »Judge OKs $10 million settlement in Target data breach
A Minnesota judge has endorsed a settlement in which Target Corp. will pay $10 million to settle a class-action lawsuit over a massive data breach in 2013.
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Read More »What it means if Fed no longer says it’s ‘patient’ on rates
For the Federal Reserve, patience may no longer be a virtue.
Read More »Lew provides details of emergency debt limit measures
Treasury Secretary Jacob Lew is telling Congress the steps he will be taking once the federal government hits the debt limit today.
Read More »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.
Read More »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.
Read More »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.
Read More »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.
Read More »Disputing credit report could get easier under new rules
Disputing a mistake on your credit report could get easier and the effects of medical debt less severe under changes being made by the three largest credit-reporting agencies.
Read More »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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