The Latest Debt & Finance Blog

Nancy Pelosi at a podium

Details on the HEROES Act

By Bill Fay | July 21, 2020

When the House of Representative passed the $3-trillion HEROES Act on May 15, it all but guaranteed that a second stimulus check would arrive for Americans in need of financial help…

Bankruptcy court with COVID-19 sign

COVID-19 Bankruptcies

By Bill Fay | July 16, 2020

The storm is coming. American consumers will be filing personal bankruptcies in record numbers by the end of 2020. That is the projection from bankruptcy attorneys, bankers and other experts…

Image of the stimulus COVID-19 relief check distributed by President Trump

Stimulus Checks for COVID-19 Relief

By Bill Fay | July 1, 2020

The phrase “stimulus check” is second only to “coronavirus” or “COVID-19” as something to talk about these days and people are definitely talking. About 159 million Americans have received the…

Calendar with July 15 marked as tax day

Tax Season Countdown All Over Again

By Bill Fay | June 30, 2020

Everyone knows the old saying: Time flies when you’re procrastinating. Seems like only yesterday we were breezing past April 15 — the traditional deadline for income tax filing — and…

Second stimulus check being shredded

Republican Advisors Say No Need for Second Stimulus Check

By Bill Fay | June 16, 2020

Don’t plan on receiving and cashing a second COVID-19 stimulus check just yet. A group of 20 fiscal hawks, many of the close advisors to President Trump, sent Trump and…

Hazard sign with dollar sign on it

Hazard Pay for Essential Workers

By Max Fay | June 1, 2020

“You deserve hazard pay for that job!” All of us probably have either said that or someone said it to us, and it’s almost always a tongue-in-cheek expression of sympathy…

Illustration of bank providing relief for covid-19

Credit Card Relief for COVID-19

By Maureen Milliken | May 26, 2020

As the COVID-19 crisis drags on and unemployment spikes to unprecedented levels in the U.S., individual debt burdens can feel more overwhelming than ever. On top of it, as many…

Man contemplating loans during COVID-19

COVID-19 Loans: What Are Your Options?

By Maureen Milliken | May 18, 2020

With a stunning 36.5 million and counting Americans out of work because of the COVID-19 pandemic, there are a lot of people scrambling to pay their bills until they have…

Business with closed sign applying for paycheck protection program

Paycheck Protection Program

By Bill Fay | May 2, 2020

While Governors in several states are trying to crack open the door on the shuttered U.S. economy, the news from two key elements of a would-be revival – employment and…

Megaphone shouting "We're Hiring!"

Companies Hiring During the Coronavirus, COVID-19 Pandemic

By Maureen Milliken | March 27, 2020

Americans suddenly out of work because of COVID-19 are filing for unemployment in unprecedented numbers, but a bright spot on the employment front is that some businesses are hiring, both…

Sources:

  1. Adamczyk, A. (2020, May 16) HEROES Act would provide another stimulus check, broader student loan relief. Retrieved from https://www.cnbc.com/2020/05/16/what-you-need-to-know-about-the-heroes-act.html.
  2. Allen, T. (2020, May 20) 7 Facts On Essential Workers Hazard Pay That You Need To Know Now. Retrieved from https://www.forbes.com/sites/terinaallen/2020/05/20/7-facts-on-essential-workers-hazard-pay-that-you-need-to-know-now/#5b83d56d1483
  3. Chen, T-P and Sayre, Katherine. (2020, May 26) Call It Hero Pay or Hazard Pay, Essential Workers Want More of It. Retrieved from https://www.wsj.com/articles/call-it-hero-pay-or-hazard-pay-essential-workers-want-more-of-it-11588584601.
  4. English, A.S. (2020, May 24) Second stimulus check: what are differences between the CARES Act and the Heroes Act? Retrieved from https://en.as.com/en/2020/05/24/other_sports/1590350265_424564.html.
  5. Kapur, S. (2020, May 13) 'DOA': That's what Trump says about House Democrats' coronavirus relief package. Retrieved from https://www.nbcnews.com/politics/congress/trump-says-new-house-coronavirus-relief-package-dead-arrival-n1206466.
  6. Long, H. (ND) Cheat sheet: 7 measures in House coronavirus bill that matter to banks. Retrieved from https://www.americanbanker.com/list/cheat-sheet-7-measures-in-house-coronavirus-bill-that-matter-to-banks.
  7. Nova, A. (2020, May 18) More relief could be coming for student loan borrowers. Retrieved from
  8. https://www.cnbc.com/2020/05/18/more-relief-could-be-coming-to-student-loan-borrowers.html.
  9. Reklatis, V. (2020, May 16) Next coronavirus aid package expected to become reality ‘in June at the earliest,’ as House passes its bill. Retrieved from https://www.marketwatch.com/story/next-coronavirus-aid-package-expected-to-become-reality-in-june-at-the-earliest-as-house-prepares-to-pass-its-bill-on-friday-2020-05-15
  10. Shahar, Z. (2020, May 16) HEROES Act Passes House; Omits $2,000 Recurring Stimulus Checks And Other Notable Items. Retrieved from https://www.forbes.com/sites/shaharziv/2020/05/16/heroes-act-passes-house-omits-2000-recurring-stimulus-checks-and-other-notable-items/#5b1ee9c11120