[ad_1] The Biden administration on Friday said it’s canceling $7.4 billion in student debt for 277,000 borrowers, with the recipients scheduled to receive emails today to alert them to their loan discharges. The latest effort extends the debt relief provider under President Joe Biden after the Supreme Court last year blocked his administration’s plan for broad-based … Read more
[ad_1] Student loan debt canceled for 78,000 public service workers Student loan debt canceled for 78,000 public service workers 00:19 The Biden administration on Thursday said it is forgiving almost $6 billion in student debt for 77,700 borrowers, with those recipients scheduled to receive an email from President Joe Biden alerting them about their debt … Read more
[ad_1] Biden administration introduces new rule to cap credit card late fees – CBS News Watch CBS News The Biden administration has introduced a rule capping credit card late fees at a maximum of $8, a sharp decrease from the current $32 average. This comes as a new task force is set to address illegal … Read more
[ad_1] Biden announces credit card late fee cap of $8 – CBS News Watch CBS News President Biden on Tuesday announced credit card late fees will be capped at $8, down from around $32. Nikki Battiste has the details. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. … Read more
[ad_1] As voters head to the polls on Super Tuesday, many will be voting with one issue top of mind: the state of the U.S. economy. A recent CBS News poll found that 65% of Americans remember the economy under former President Donald Trump as being good, compared with 38% giving the current economy under … Read more
[ad_1] Treasury Secretary Janet Yellen said “American workers are getting ahead” now that their pay is growing faster than inflation, making the Biden administration’s case that the U.S. has rebounded from the economic calamity caused by the pandemic. “We know that Americans are experiencing discomfort because some important prices are higher than they were pre-pandemic,” … Read more
[ad_1] BP said Monday it has suspended gas and oil shipments through the Red Sea amid a surge in attacks on ships in the region from Houthi-controlled areas of Yemen. The energy giant’s decision to temporarily freeze shipments pushed up global oil prices on Monday, fueling fears that geopolitical tensions in the Middle East could … Read more
[ad_1] A new rule proposal from the Federal Communications Commission would bar pay-TV companies from charging customers early termination fees when they sever their service contract before its expiration date. The proposal, which the commission will vote on next month, would also force cable companies and satellite TV services to give customers a rebate if … Read more
[ad_1] If there’s one thing that unifies Americans, it’s their hatred of so-called junk fees, or charges that are often hidden until payment is due and that can inflate the ultimate price of everything from food delivery to hotels and bank accounts. Now, the Biden administration says it’s taking aim at the practice by proposing … Read more
[ad_1] The Biden administration announced a major initiative to protect Americans from medical debt on Thursday, outlining plans to develop federal rules barring unpaid medical bills from affecting patients’ credit scores. The regulations, if enacted, would potentially help tens of millions of people who have medical debt on their credit reports, eliminating information that can … Read more