Financial Literacy


Small Business Owner Optimism Hits Highest Level in Five Years

Small-business owners are the most optimistic they have been in five years, according to the latest Wells Fargo/Gallup Small Business Index, and expect their businesses to increase cash flow and hire more employees in 2014.

Dollars at Your Door: Extra Money through the Earned Income Tax Credit

While anticipated income tax refunds help some households make it through spring, many households don't take advantage of the dollars available through the earned income tax credit.

D.C. Office of Tax and Revenue Kicks Off the 2014 Filing Season

The D.C. Office of Tax and Revenue encourages taxpayers to file their tax returns electronically, which will save time and allow for a faster refund.

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 ...