Tag: Personal finance
Are state interest-rate caps an automatic win for borrowers?
Small-dollar, short-term lenders, unburdened by a federal maximum interest rate, can charge borrowers rates of 400% or more for their loans.
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As US companies scramble to hire, workers enjoy upper hand
WASHINGTON — With the economy growing rapidly as it reopens from the pandemic, many employers are increasingly desperate to hire. Yet evidence suggests that...
Overhaul makes it easier for aspiring teachers to get grants
The U.S. Education Department on Thursday loosened the rules around a grant program that’s intended to help aspiring teachers pay for college but has...
Trump-era law on surprise medical bills advances under Biden
WASHINGTON — The Biden administration on Thursday began putting in place consumer protections against “surprise” medical bills enacted in bipartisan legislation signed last year...
US average mortgage rates decline; 30-year at 2.98%
WASHINGTON — Mortgage rates declined this week, with the key 30-year loan slipping back below the 3% mark as the economic recovery from the...
How COVID-fueled crowdfunding can revive small businesses
A pandemic-fueled boom in crowdfunding has small businesses flocking to capital-raising platforms that experts say could help many companies get back to normal —...
How points and miles credit cards can ease return to travel
As the COVID-19 vaccination era makes it safer to travel, many people who stayed home during pandemic shutdowns are vacationing again. Airport checkpoint numbers...
Robinhood to pay $70 million to settle FINRA accusations
NEW YORK — Robinhood Financial will pay a $57 million fine and return another $12.6 million to thousands of its customers to settle accusations...
Key part of US residency program for investors set to expire
WASHINGTON — A program that has allowed wealthy foreign investors to obtain U.S. residency, and has long been the subject of complaints that it...
How Southern Power Fund upends traditional grantmaking
Clara Benson, founder of a nascent South Carolina nonprofit that connects Black residents with health and wellness resources, got an intriguing call last September.
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