When the Fed hiked rates in 2022 and 2023, the interest rates on most consumer loans quickly followed suit. Even though the central bank lowered its […]
Tag: loans
What the Fed’s Rate Decision Means for Loans, Credit Cards, Mortgages and More
The Federal Reserve is expected to keep its key rate steady on Wednesday, after a series of cuts that lowered rates by a full percentage […]
Trump admin will seize wages, pensions, tax refunds to repay student loans: 'Debt cannot be wiped away'
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Education Dept. to resume collections on defaulted federal student loans for first time since 2020
The Department of Education is poised to resume collections on defaulted federal student loans in May for the first time since 2020. While the first […]
Former Kent State coach took over $100,000 in loans from booster, investigation says
Former Kent State coach Kenni Burns took over $100,000 in loans from a booster, according to an investigation. That booster was also a school vendor. […]
Homebuyers rush to riskier loans, as tariff turmoil pushes interest rates higher
“For Sale” and “Sale Pending” signs in the West Seattle neighborhood of Seattle, Washington, US, on Tuesday, June 18, 2024. David Ryder | Bloomberg | […]
UnitedHealth makes doctors repay loans issued after Change cyberattack
UnitedHealth CEO Andrew Witty testifies before the Senate Finance Committee on Capitol Hill in Washington, May 1, 2024. Kent Nishimura | Getty Images Following the […]
Student loans, Pell grants will continue despite Education Department downsizing, expert says
As President Donald Trump moves to downsize and eventually dismantle the Department of Education, an expert in contact with White House stakeholders assured that the […]
What Happens to Student Loans if the Education Dept. Closes?
President Trump signed an executive order on Thursday in an attempt to shut down the Education Department. “We are sending education back to the states, […]
Federal Reserve is likely to hold interest rates steady next week. But some consumer loans are getting cheaper
The Federal Reserve is expected to hold interest rates steady at the end of its two-day meeting next week, despite some encouraging news on inflation. Although inflation receded last month, […]