Bank of America cuts overdraft fees

Bank of America is slashing the amount it charges customers when they spend more than they have in their accounts and plans to eliminate entirely its fees for bounced checks.

US debt ceiling: Congress sends Biden $2.5T increase, avoiding default

Congress averted a debt default early Wednesday after Democratic majorities voted to send a $2.5 trillion debt ceiling increase to Biden over Republican opposition.

Biden: Prescription drugs ‘outrageously expensive’ in US, calls on Senate to act

President Joe Biden pushed his “Build Back Better” agenda, focusing on how provisions of the spending bill would lower the cost of prescription drugs for many.

Treasury targets all-cash real estate deals in anti-corruption effort

The Treasury Department may expand reporting requirements on all-cash real estate deals to help crackdown on bad actors' use of the U.S. market to launder money made through illicit activity.

What is a personal line of credit?

A personal line of credit is a type of revolving credit that can be used to cover expenses like home renovations. Here’s what you need to know before applying.

Capital One becomes first large bank to drop all overdraft fees

Capital One Bank announced that it will eliminate all fees for overdrafts and insufficient funds, becoming the largest bank to do so.

Social Security benefits see highest boost in 40 years, but inflation is higher

Social Security benefits will increase at their highest rate in 40 years, but the latest inflation numbers are even higher. Next year's increase may not be enough for seniors living on Social Security income.

This is the state where student loan borrowers struggle the most to repay their debt: report

A new study compared the average student loan debt to median annual earnings for student loan borrowers two years after graduation. See what you can do if you want to avoid delinquency.

Rising child care costs forced 38% of parents on take on side gigs, survey says: How you can afford expenses

Risings child care costs are forcing many parents to reconsider how to afford it. About 38% of parents even reported taking on a second job. Here's how to afford childcare expenses.

US consumer prices jumped 6.2% in past year, highest inflation rate since 1990

Driving the price spikes are supply shortages resulting from consumer demand and COVID-related factory shutdowns coming out of the pandemic recession.

70% of Americans go over budget during the holidays, survey finds: How to cut costs

A recent survey found that most Americans admit to overspending during the holidays, but gift-giving doesn't have to be a burden on your wallet. Consider these tips to create a budget and earn rewards on your holiday spending.

FHFA to permanently allow desktop appraisals: How can it make the mortgage process easier?

The FHFA made desktop appraisals, a hybrid appraisal tool that allows appraisers to perform a valuation without physically visiting the home, permanent. Here's how that benefits borrowers.