Longest government shutdown in U.S. history ends Money News

Longest government shutdown in U.S. history ends

January 25th, 2019035 President Donald Trump said Friday that he will sign a short-term spending bill to temporarily end the longest government shutdown in U.S. history.  That's good news for federal employees, many of whom have gone more than a month without pay as Democrats and Republicans sparred over funding a wall at the country's southern boarder....
CFPB to open Atlanta office Money News

CFPB to open Atlanta office

September 25th, 2018038 The Consumer Financial Protection Bureau is slated to open a regional office in Atlanta late next year, according to a Credit Union Times article.  The agency has regional offices in New York, Chicago and San Francisco that are used mostly by supervision employees. CFPB's Southeast regional team has thus far been located in the...
Could your local Kroger ban Visa credit cards? Money News

Could your local Kroger ban Visa credit cards?

August 1st, 2018043 Foods Co., a unit of supermarket chain Kroger, has already announced that 21 supermarkets and five gas stations in California will ban Visa credit cards as of Aug. 14 — and it looks like that ban could expand to additional stores across the country in the near future. The decision was made to save on fees Kroger must pay Visa to...
American Banker: Bill to enhance poor credit scores will backfire, critics say Money News

American Banker: Bill to enhance poor credit scores will backfire, critics say

July 31st, 2018035 Legislation meant to enhance credit scores by allowing consumers to include data about their monthly bills has enjoyed bipartisan support — but some consumer advocates say the legislation may backfire on those it is meant to help, according to an American Banker article. The bill authored by Rep. Keith Ellison, D-Minn., passed the...
Reuters: U.S. home sales fall as prices head toward record high Money News

Reuters: U.S. home sales fall as prices head toward record high

July 23rd, 2018426 Bad news if you're in the market for a new house. A recent report shows U.S. home sales posted their third straight monthly decline with an unexpected fall in June, according to a Reuters article. The declines have been driven by a shortae of properties on the market, which have pushed prices to record highs. Economists have...
MarketWatch: GDP could top 5% this spring Money News

MarketWatch: GDP could top 5% this spring

June 28th, 2018043 U.S. economic growth could reach a 15-year high by topping 5 percent growth in the period from April to June, according to a MarketWatch article.  A handful of Wall Street firms recently increased their estimates for the second quarter — and MarketWatch predicts more will soon follow suit. Notably, Macroeconomic Advisers raised its...
Housing least affordable it's been in 10 years Money News

Housing least affordable it's been in 10 years

June 21st, 2018033 A recent study from ATTOM Data Solutions, curator of the nation's main property database, shows U.S. home prices in the first quarter were the least affordable they've been since 2008. According to an ATTOM press release, the company calculates its affordability index based on the percentage of income needed to buy a median-priced...
White House intends to nominate budget official as new head of CFPB Money News

White House intends to nominate budget official as new head of CFPB

June 18th, 2018028 President Donald Trump's administration reportedly intends to nominate a relatively unknown budget official to head the Consumer Financial Protection Bureau. Kathy Kraninger is an associate director at the Office of Management and Budget under director and current interim leader of the CFPB, Mick Mulvaney. While Kraninger's nomination...
File your tax return today to avoid paying failure to file fee Money News

File your tax return today to avoid paying failure to file fee

June 14th, 2018069 We've officially reached that other tax day. Today is the last day to file your 2017 taxes without hitting the failure-to-file fee, according to a LifeHacker article.  The failure-to-file fee is different than the penalty for paying late taxes. When you pay taxes you owe late, you're paying 0.5 percent of the amount owed each...
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