Trump calls for one-year cap on credit card interest rates at 10%

Trump calls for one-year cap on credit card interest rates at 10%

A shopper pays with a credit card at the farmer’s market in San Francisco on March 27, 2025. Bloomberg | Bloomberg | Getty Images U.S. President Donald Trump said on Friday he was calling for a one-year cap on credit card interest rates at 10% starting on Jan. 20, but he did not provide details … Read more

Trump: We are going to run Venezuela until we can do a safe, proper and judicious transition

Trump: We are going to run Venezuela until we can do a safe, proper and judicious transition

President Donald Trump said the U.S. is going to temporarily take over governing Venezuela after launching a large-scale surprise attack on the country overnight. “We are going to run the country until such time as we can do a safe, proper and judicious transition,” Trump said in a press conference Saturday morning from his Mar-a-Lago residence in … Read more

Estate planning helps ‘forestall bad outcomes,’ author says — you need some key documents even at age 18

Estate planning helps ‘forestall bad outcomes,’ author says — you need some key documents even at age 18

Miodrag Ignjatovic | E+ | Getty Images After Beth Pinsker’s father died, she had her mother set up a new estate plan that included a power of attorney, a legal document that gives permission for someone to make financial decisions on your behalf if you become incapacitated. Yet it wasn’t until years later, when her … Read more

Trump administration must fund U.S. consumer finance watchdog, judge says

Trump administration must fund U.S. consumer finance watchdog, judge says

A view of the Consumer Financial Protection Bureau (CFPB) headquarters building in Washington, DC, on Feb. 10, 2025. Saul Loeb | AFP | Getty Images A federal judge on Tuesday rejected a claim by President Donald Trump’s administration that it is legally barred from securing funding for the U.S. Consumer Financial Protection Bureau, noting that … Read more

Half of Americans expect holiday debt — 6 steps to recover fast in the new year

Half of Americans expect holiday debt — 6 steps to recover fast in the new year

Between hosting dinners, buying gifts and travel, the holidays can get pretty expensive. And if you’re finding that your paycheck just doesn’t go as far as it once did, credit cards or personal loans may seem like the easiest way to extend your income to afford everything the holiday season demands. But come January 1, … Read more

Over 300,000 student loan borrowers were denied a new repayment plan, court filing shows — here’s why

Over 300,000 student loan borrowers were denied a new repayment plan, court filing shows — here’s why

Mixmike | E+ | Getty Images Many student loan borrowers have hit a repayment obstacle: the U.S. Department of Education denied their application to switch into a new payment plan. The department rejected 327,955 borrower requests to be enrolled in an income-driven repayment plan in August alone, according to a Dec. 15 court filing. The … Read more

What the Christmas movie ‘Elf’ can teach us about today’s cost of living

What the Christmas movie ‘Elf’ can teach us about today’s cost of living

Bob Newhart and Will Ferrell star in “Elf.” Warner Bros. In the 2003 movie “Elf,” the lead character Buddy discovers he is human, though he has spent his life raised by elves. He travels to New York City to find his real family, including his father who shares an Upper West Side apartment with his … Read more

5 last-minute ways to clear credit card debt before the new year, using everyday money tools

5 last-minute ways to clear credit card debt before the new year, using everyday money tools

If you’re *this close* to paying off your credit card balance and want to walk into the new year debt-free, there are a handful of small, but helpful, steps you can take in these last couple weeks you have left. Apart from winning the lottery or receiving a surprise inheritance, you may have to get … Read more

Student loan borrowers — including higher earners — may qualify for lower monthly bills soon

Student loan borrowers — including higher earners — may qualify for lower monthly bills soon

Man planning home budget and using calculator Rockaa | E+ | Getty Images Many student loan borrowers could soon have access to lower monthly payments, as the U.S. Department of Education finishes implementing changes to one of its repayment plans. Previously, borrowers needed to prove a “partial financial hardship” — or income below a certain … Read more

How Trump’s ‘big beautiful bill’ could affect your Giving Tuesday tax break

How Trump’s ‘big beautiful bill’ could affect your Giving Tuesday tax break

Yellow Dog Productions | The Image Bank | Getty Images If you plan to donate money on Giving Tuesday, you could score a tax break. But recent changes enacted via President Donald Trump’s “big beautiful bill” could affect your savings, financial experts say.    Some 36.1 million U.S. adults participated in Giving Tuesday for 2024, with … Read more