As he had wanted, President Donald Trump signed his budget bill on July Fourth that will give tax cuts to the ultra-wealthy while slashing Medicaid and food-assistance benefits for millions of Americans. The budget measure puts the country on a perilous fiscal path by increasing the federal deficit through huge... Read more →

Auto sales, consumer credit issues, and scams and frauds remain some of the most pressing problems Americans face, according to the Consumer Federation of America, or CFA, in its annual “Consumer Complaint Survey Report 2024.” These findings come as the Trump administration pursues a historic rollback of the Consumer Financial... Read more →

Walmart will pay $10 million to settle Federal Trade Commission charges that it turned a blind eye to scammers who used its in-store money transfer services to take hundreds of millions of dollars from U.S. consumers. The settlement, which requires the approval of U.S. District Judge Manish Shah, was filed... Read more →

Photo: Raysonho @ Open Grid Scheduler / Grid Engine MoneyGram, an international money transfer provider that serves hundreds of thousands of customers in the United States every year, has agreed to pay $250,000 for failing to follow consumer protection laws and jeopardizing their customers’ money transfers. In April 2022, the... Read more →

Americans owe $1.36 trillion in credit card debt, which comes out to about $10,800 for each household. Credit card debt is expected to increase by another $100 billion this year. Spending beyond your means on a credit card can cost a lot in interest, and it can damage your credit... Read more →

Two examples of fraudulent investment ad on Facebook A flurry of investment scam advertisements running on Meta’s platforms, including Facebook newsfeeds, are threaten the pocketbooks of consumers nationwide and Meta’s existing systems have been shown to be insufficient to address the problem, 42 attorney’s general said in a letter to... Read more →

Photo: Jmswllms0 The big banks are at it again. Capital One marketed its “360 Savings” accounts as “high interest” accounts with “one of the nation’s best savings rates” that would earn its customers more than an average savings account, New York Attorney General Letitia James alleged in a lawsuit filed... Read more →

I’ve never seen anything like it in all my years of consumer reporting. The corruption, retibution, ignorance, destruction of the work of federal agencies, and hate of the first 100 days of Trump’s second administration are shocking and astounding. Public Citizen, a consumer advocacy organization, agrees with me. Of the... Read more →

It’s Tax Day. Hopefully, you’ve been able to file your income tax returns and or file an extension. I filed my taxes on April 13, one day earlier than last year. I always tell myself that I won’t be pushing the deadline, but I seem to complete my taxes at... Read more →

During these turbulent financial times, it’s more important than ever that your money is working as well as it can for you. The original promoter of April as Financial Literacy Month is Jump$tart, a national organization that partners with other groups to promote financial literacy. During April, organizations across the... Read more →