Financial Literacy


Banks Bid Farewell to Payday Loans

More good news keeps coming for consumers in early 2014. On the heels of new mortgage rules that took effect on Jan. 10, the following week four banks making payday loans pulled their products from the market.

Special Report: New Mortgage Rules Take Effect

Although many economists claim the recession is over, millions of Americans, particularly in communities of color, are still reeling from its financial effects. New mortgage rules, effective Jan. 10, offer a strong foundation to begin rebuilding what has been lost.

Student Loan Bill of Rights

In the aftermath of a recent report that found the lack of student loan servicing standards and information on monies owed, two U.S. senators will work as a team to create a Student Loan Borrower Bill of Rights.

LIFT Programs Help 5,000 People Achieve Dream of Homeownership

Wells Fargo & Company, America's largest mortgage lender, and NeighborWorks America, a national nonprofit organization which creates opportunities for people to live in affordable homes and improve their lives, announced Thursday more than 5,000 low- to moderate-income adults have become ...

Jamaican Lottery Scams Thriving Despite Crackdown

The Department of Insurance, Securities and Banking has received a number of questions and concerns about lottery scams, especially from seniors.

Cracking Down on Payday Lenders

Just in time for the holiday season, three federal regulators have taken two separate actions against payday lending.

'Tis the Season for Smart Shopping

Now, more than ever, it’s important for us to understand what it means to be a Conscious Consumer — particularly during the busiest shopping season of the year.

Having a Conversation With Your Parents … About Money

Despite the uncomfortable nature of these discussions, adult children talking with parents about their finances is not only essential but can be a rewarding experience for everyone involved.

Brandeis Study finds Racial Wealth Gap Growing

New research finds that the ability to reach some level of financial security or well-being can be like a chicken and the egg question: Which comes first — the problem or the lack of money?

Private Student Loans No Better Than Using a Credit Card For College

An analysis of the recent Consumer Financial Protection Bureau's Student Loan Ombudsman report concluded that private student loans are a risky and high-cost method to pay for a college education.

Nation's Housing Recovery Far from Equal

With the annual holiday season approaching, many across the country will soon be celebrating with families and loved ones. But for families still troubled by delinquent mortgages and foreclosures, this time of year has another meaning.

BUSINESS EXCHANGE: The Debate over the Redskins' Name

President Barack Obama recently said that if he were the football team's owner he'd "think about changing" the Washington team's name. The normally non-committal president's comments fueled a debate over the top sports team in the nation's capital. The debate ...

Your Will: The Overlooked 'Bucket List' Item

Only about 40 percent of adults in America have a will, which is probably due to people not wanting to be reminded of their own mortality and that life will go on without them, a veteran CPA says.

Coping With Student Loan Repayment

Just as troubled homeowners were often unable to pay their mortgages, refinance their loans or receive timely assistance from loan servicers, many student loan borrowers are now experiencing many of the same difficulties.

Taxpayers Should Act Now to Take Advantage of IRS Changes

Unlike last year, tax planning for 2013 is not hampered by uncertainties over a looming fiscal cliff. Unfortunately, there is always some uncertainty and a few expiring provisions to warrant special attention by taxpayers.