The Latest Debt & Finance Blog
Usually, what happens in the nation’s capital seems remote and meant for someone else. But when the Federal Reserve — best known as “The Fed” — acts, it’s your personal…
It’s tax season, but you wouldn’t know that by the tone of recent headlines about the IRS. So far this year, more than 12,000 IRS employees have been laid off…
In a notable display of bipartisan collaboration, Senators Bernie Sanders (I-VT) and Josh Hawley (R-MO) have introduced legislation aimed at capping credit card interest rates at 10% for five years.…
If you’re one of over 40 million Americans who’s ever had a federal student loan or student aid, you may be at risk of identity theft or other security threats…
February 2025 brought major changes to the agency that some call the nation’s consumer watchdog: the Consumer Financial Protection Bureau (CFPB). In just a matter of days, the CFPB had…
Medical debt and the problems they cause credit reports, have long gone hand-in-hand. Consumers behind on payments to healthcare providers, especially those whose bills have been sold to collection agencies,…
The Biden and Trump administrations issued eight extensions on a forbearance program, but Congress passed a bill ensuring there will be no more pauses on student loan repayment, so borrowers…
Many financial advisers question the wisdom of getting big income tax refunds. But that’s a discussion for another day. If you’ve been getting federal refunds year after year, you’re probably…
The Supreme Court ruled June 29 that President Joe Biden did not have the authority to erase hundreds of billions of dollars in student loan debt, effectively ending the Biden…
As the Federal Reserve plays Whac-A-Mole with the American economy – ‘WE’RE IN A RECESSION! NO, WAIT, WE’RE NOT IN A RECESSION!’ – there is always the chance the mallet…
Sources:
- Newman, L.M. and Mueller, P. (2025, September 25) How Does the Federal Reserve Set Interest Rates? Retrieved from https://aier.org/article/how-does-the-federal-reserve-set-interest-rates/
- N.A. (ND) The Federal Reserve Explained: How We Conduct Monetary Policy. Retrieved from https://www.federalreserve.gov/aboutthefed/fedexplained/monetary-policy.htm
- N.A. (2025, December 15) How does the Federal Reserve interest rate affect me? Retrieved from https://www.discover.com/online-banking/banking-topics/how-does-the-federal-reserve-interest-rate-affect-me/
- N.A. (ND) S&P 500 vs. Fed Funds Rate. Retrieved from https://www.macrotrends.net/2638/sp500-fed-funds-rate-compared