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2 mins read
Europe's central bank cuts interest rates for first time in 5 years
The European Central Bank announced it would lower its benchmark interest rate from 4% to 3.75%, ma…
Theron Mohamed
2 mins read
Homebuyers are flocking to a type of loan that offers a lower mortgage rate. But they often require bigger down payments, and lenders don't like to give them.
There's a rare type of mortgage loan gaining popularity among buyers seeking lower rates.
Jennifer Sor
5 mins read
Late fees on credit cards rising — Know rules, charges and how to avoid them
Using a credit card comes with several advantages. You basically get an interest free loan for 45 d…
2 mins read
8 million student-loan borrowers on Biden's new repayment plan just got more bad news after a federal court officially blocked cheaper payments and debt cancellation
The 8th Circuit ruled that Biden cannot carry out cheaper student-loan payments and debt relief thr…
Ayelet Sheffey
2 mins read
2 federal courts just blocked student-loan forgiveness and cheaper monthly payments under Biden's new repayment plan
Two separate rulings from federal judges in Kansas and Missouri halted student-debt cancellation an…
Ayelet Sheffey
2 mins read
A major student-loan company is being sued over claims it mismanaged 8 million borrowers' accounts, blocking them from lower payments and debt relief
The American Federation of Teachers filed a lawsuit against student-loan company MOHELA over claims…
Ayelet Sheffey
2 mins read
8 million student-loan borrowers on Biden's new repayment plan don't have to make payments after a federal court blocked the program in full
A court blocked the SAVE student-loan repayment plan. All 8 million impacted borrowers will be plac…
Ayelet Sheffey
3 mins read
Want to feel better about your finances? Do these 5 things right now!
Whether it is health, relationships or finances, each of these plays a very important role in our l…
3 mins read
With food inflation looming large, ‘shallow rate’ cuts expected only in Q3 FY25
The ongoing heatwave conditions, and projections of a harsher summer, are likely to impact India’s …
2 mins read
US debt interest payments surge past $1 trillion yearly pace, worsening concerns about massive borrowing
The estimated annualized cost of US debt payments has doubled in the past 19 months, according to B…
Aruni Soni
2 mins read
RBI directs card issuers to offer choice among card networks, bans restrictive agreements
According to a press release, the central bank prohibited card issuers from entering into agreement…
ANI
2 mins read
Here’s how one can use the avalanche method to pay off lingering debts
One of the best debt payment strategies is known as the avalanche method. The process is simple. Yo…
2 mins read
The US debt mountain is growing so fast the government could soon be spending more on interest payments than on defense
The US's ballooning debt burden could eventually chip away at the demand for Treasury bonds, accord…
George Glover
2 mins read
Student-loan payments will be paused for 3 million borrowers after federal judges blocked debt cancellation and cheaper bills through Biden's new repayment plan
After judges blocked key parts of the SAVE student-loan repayment plan, the Education Department sa…
Ayelet Sheffey
4 mins read
A millennial dad's $0 student-loan payments gave his family some breathing room. Then courts blocked Biden's repayment plan leaving 8 million borrowers like him in limbo.
Alan Pedrick, 41, is worried he'll have to cut back on his kids' after-school programs if the SAVE …
Ayelet Sheffey
2 mins read
Investors and economists are getting worried about more bank failures as interest rates stay high
High interest rates are "corrosive" to the economy, Mark Zandi said, while others fear the impact o…
Jennifer Sor
2 mins read
The US government is paying $2 million of interest a minute as rates stay high
The surge in interest payments has led to some paradoxical thinking on Wall Street about how exactl…
Matthew Fox
2 mins read
Some student-loan borrowers will soon get cheaper monthly payments through Biden's new repayment plan — but their accounts might be paused in the meantime
The Education Department is placing some student-loan borrowers on the SAVE plan on forbearance as …
Ayelet Sheffey
3 mins read
Look to refinance your home loan to save on EMI payments
Since May 2022, the EMI per lakh has gone up from ₹899 to ₹1,044. The RBI has raised the repo rate …
1 min read
RBI gives 15 more days till March 15 to Paytm Payments Bank to stop transactions
The RBI on Friday gave 15 days more till March 15, 2024 to Paytm Payments Bank Ltd (PPBL) to stop d…