June 13th, 20180126Mick Mulvaney's time at the head of the Bureau of Consumer Financial Protection (formerly the Consumer Financial Protection Bureau) is drawing to a close — kind of.
The interim director's tenure is scheduled to come to a close on June 22, six months after it began. However, if Trump nominates a replacement, the clock resets. That...
June 7th, 20180163The Consumer Financial Protection Bureau fired the entirety of its 25- member Consumer Advisory Board during a conference call Wednesday, according to a Credit Union Journal article.
>>Related: Here are 5 things you need to know about the CFPB<<
Anthony Welcher, a political appointee and the CFPB's policy...
June 6th, 201823147The government released a report Tuesday that, in part, warned Medicare will run out of money sooner than expected, according to reporting by the Associated Press.
The report warned Medicare would become insolvent by 2026 — three years earlier than was originally predicted. Treasury Secretary Steven Mnuchin said in a statement...
June 4th, 20180125Stock indexes in the U.S. began Monday in a strong position after reports that May's job growth turned out stronger than expected, according to a Reuters article.
The unemployment rate fell to an 18-year low in May and wage growth also beat expectations. The markets responded to the news late last week with the S&P 500 closing...
May 4th, 20182113The U.S. unemployment rate crept toward historically low levels last month, according to a report from the Bureau of Labor Statistics.
The unemployment dipped town to 3.9 percent, following six months at 4.1 percent. According to a New York Times article, there's only been one sustained period over the last 60 years when the jobless...
May 3rd, 2018134249You're probably basking in the glow of your completed tax season, right? You've put your calculator away and have prepared yourself to forget how a W-2 works until next year.
Until you suddenly realize you forgot to claim that important tax credit; you took a deduction that wasn't meant for you; you just flat out got something...
May 2nd, 20182142The U.S. saw a drop-off in mortgage applications last week as interest rates on some 30-year-fixed-rate home loans reached the highest levels in more than 4.5 years, the Mortgage Bankers Association said Wednesday.
According to a Reuters article, interest rates on "conforming" 30-year mortgages — loans with balances of $453,100 or...
May 1st, 20181131In case you haven't noticed by now: gas prices are pretty high. And, according to a Fortune article, that's not likely to improve any time soon.
Rising oil prices are expected to translate into higher gas prices this summer, according to projections made by private analysts and the U.S. Energy Information Administration.
The...
April 27th, 20180123The U.S. economic growth slowed to a moderate 2.3 percent in the first quarter of 2018, according to media reports.
That means the country's gross domestic product, the value of all goods and services produced in the nation, rose at a 2.3 percent annualized rate in the first three months of this year. That's a steady rate, but still...