Why one expert called earned wage access ‘payday lending on steroids’
Fotostorm | E+ | Getty Images Millions of American workers are paying for early access to their paychecks. In some cases, it can come with a steep price. So-called “earned…
U.S. consumers to wake up to ‘out of control’ card interest: economist
The U.S. economy should be able to avoid a recession next year — but a sharp pullback in consumer spending is among the biggest risks of that occurrence, according to…
These top colleges promise no student loan debt
Without broad-based student loan forgiveness, some colleges have a new strategy to keep students from drowning in debt. Roughly two dozen schools have introduced “no-loan” policies, which means they are…
Credit card losses rising at fastest pace since Great Financial Crisis
Frederic J. Brown | AFP | Getty Images Credit card companies are racking up losses at the fastest pace in almost 30 years, outside of the Great Financial Crisis, according…
How much do weddings cost? This one in Las Vegas is just $15
They say love doesn’t cost a thing. But that certainly isn’t true of weddings. In 2022, couples in the United States spent, on average, nearly $30,000 to get married, according…
Risky options for Main Street cash, credit as banks say no on loans
Under current banking and credit conditions, many small businesses are likely being bombarded with pitches for online loans and cash advances. Some of these offers, however, could lead the business…
Is Biden’s $39 billion student loan forgiveness action legal?
President Joe Biden and U.S. Secretary of Education Miguel Cardona, June 30, 2023. Demetrius Freeman/The Washington Post via Getty Images How are the two loan forgiveness actions different? The latest…
SoLo Funds, loan fintech for unbanked consumers, expanding to Nigeria
A pedestrian in the Lagos Island district of Lagos, Nigeria, on Monday, Nov. 14, 2022. Bloomberg | Bloomberg | Getty Images SoLo Funds, a community lending platform created to offer…
Why a spending plan is better than a budget: financial psychologist
Everything that makes up your personhood — your values, experiences and culture — directly affects your spending habits more than you might think. “Financial psychology is about the humanness of…
How many credit cards should you have? It’s not zero, say experts
Jose Luis Pelaez Inc | Digitalvision | Getty Images Why having a credit card can be beneficial Having a credit card — and using it responsibly — is a good…