Fed may tighten financial rules after US bank failures, Powell says

The collapse of Silicon Valley Bank, Signature Bank and First Republic Bank exposed different vulnerabilities that the Fed will likely address through new regulations.

Buying used, or not buying at all
video

Kevin Brasler the executive editor of Consumers' Checkbook discusses what to buy used and what to to avoid.

Here's how to prepare to pay back your student loans once the pandemic payment freeze ends

The Supreme Court may strike down President Joe Biden's student loan plan, which would erase $10,000 in federal student loan debt for those with incomes below $125,000 a year or households that earn less than $250,000.

Here's where homes face the biggest risk for natural disaster

Some areas, including places in Florida, have high-risk exposure to home damage from hurricanes and other natural disasters. But many homes aren’t equipped to withstand these events, according to a survey. Upgrading your home can protect it while saving you money on home insurance.

Cash App issue causes some to be double charged, company says

Cash App said it was notifying customers who were double charged the amount of their transaction and would refund anyone impacted by the issue.

Powell expects more Fed rate hikes because of persistently high inflation

Chair Jerome Powell reiterated that the Federal Reserve will likely raise interest rates at least once more this year because of persistently high inflation in the economy’s service sector and the surprisingly tight job market.

Used car prices soar as demand for limited inventory grows, report says

Used car prices have softened recently but remain significantly higher than before the COVID-19 pandemic, according to a recent Edmunds report.

Disney CFO leaves after tense relations with execs

The Walt Disney Company announced Senior Executive Vice President and Chief Financial Officer Christine McCarthy is stepping down and will take a medical leave of absence.

Legislative bill seeks to make expanded child tax credit permanent

House Democrats recently introduced the American Family Act of 2023, legislation that seeks to restore the expanded, monthly Child Tax Credit to parents across the U.S.

Minnesota adds 7,700 jobs in May

For the third straight month, Minnesota saw a labor force gain, according to data released by the Minnesota Department of Employment and Economic Development. 

CFPB warns about side effects of using medical credit cards, loans

Alternative debt financing products like medical credit cards and medical installment loans can weaken consumers' financial well-being, the CFPB warned in a recent report.