Late fees would be capped at $8. The Consumer Financial Protection Bureau is proposing an update to the 2009 regulation from the Credit Card Accountability Responsibility and Disclosure…
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Administration Working on Tenant Protections
The government is considering more restrictions on landlords. The White House announced that new measures to protect tenants are being prepared. The options being considered are intended to…
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Job Creation Higher than Expected in December
The president applauds the report. The Department of Labor announced that 223,000 jobs were added to the U.S. economy in December. Officials report that the unemployment rate has…
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November Home Sales Lower Than Expected
It is the sixth straight month of decline. The National Association of Realtors (NAR) reported that pending home sales fell 4 percent in November from the prior month.…
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Withdrawals From Retirement Plans Increase
Americans are taking “hardship” withdrawals from 40(k) plans. The Internal Revenue Service allows hardship withdrawal from retirement funds without penalty when there is an immediate or heavy financial…
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Federal Reserve Continues to Increase Interest Rates
Half a percent hike is the seventh this year. On Wednesday, the Federal Reserve again increased interest rates, by half a percentage point instead of the three-quarter percentage…
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U.S. Inflation Slowed in November
Dropped more than half a percent from October. The Consumer Price Index released this week shows inflation slowed in November, providing hope that interest rates and prices may…
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Social Security Payments to Increase by 8.7% in 2023
The additional amount averages $140 per month. The Social Security Administration announced that Social Security benefit payments will be increasing by 8.7 percent in 2023. This will raise…
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HHS Announces $4.5 Billion for Winter Heating Costs
The program helps subsidize heating for over 5 million households The Department of Health and Human Services has announced $4.5 billion to help low- to middle-income families pay…
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FTC Explores Reduction of Junk Fees
Extra, unnecessary charges are common in multiple industries. The Federal Trade Commission (FTC) opened public comments this week to inform potential policies against junk fees. Junk fees are…
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