The entrance to the Consumer Financial Protection Bureau (CFPB) headquarters is seen during a protest on Feb. 10, 2025 in Washington, DC.Anna Moneymaker | Getty ImagesThe Consumer Financial Protection Bureau was one of the early targets of the Trump administration's attempts to dramatically reduce government spending. The bureau's work...
Freshsplash | E+ | Getty ImagesDespite the Federal Reserve's recent cuts, credit card interest rates have been hovering near record highs. A new bipartisan bill would cap them at a dramatically lower figure, but experts say it may not be a win for consumers.Senators Bernie Sanders, I-Vt., and Josh...
On the campaign trail, President Donald Trump promised lower taxes, lower prices and a stronger economy in his second term.On Day One of his second term, Trump signed a flurry of executive orders — including a regulatory freeze pending an administration review and a directive to members of his...
Author Stephanie Dhue's difficult-to-repair microwave.Courtesy Stephanie DhueI bought a General Electric microwave oven in 2020 for $355. Recently, I noticed the interior light was out.I told my husband, since he's the one who takes care of repairs in our house. He took a look, only to learn that this...
Tanaonte | Istock | Getty ImagesThe future of a Federal Trade Commission ban on noncompete agreements, scheduled to take effect this fall, is unclear after a preliminary ruling from a federal court last week.Nearly one in five Americans are subject to a noncompete agreement, an estimated 30 million people,...
Americans with about 10 years to go before reaching retirement age are "critically underprepared," according to a new study by Prudential.The study found that 67% of 55-year-olds surveyed said they fear they will outlive their savings, compared with 59% of 65-year-olds and 52% of 75-year-olds. To that point, with...
Skynesher | E+ | Getty ImagesNew technologies have given people access to more information and new tools to manage their money.Robo-advisors can build and rebalance portfolios based on customer preferences. However, automation doesn't factor in people's emotional needs.Experts say adding behavioral science to investing knowledge can help financial advisors...