In the wake of President Donald Trump’s re-election, questions loom about how his subsequent term will reshape the American financial landscape. With promises of lower taxes, decreased consumer prices, and a robust economy, Trump has set ambitious expectations. However, the actual realization of these commitments rests on a series of strategic steps and congressional support.
Personal
In a move that emphasizes the responsibility of credit reporting agencies, the Consumer Financial Protection Bureau (CFPB) has imposed a hefty fine of $15 million on Equifax due to shortcomings in handling consumer credit disputes. This penalty highlights critical issues within the realm of credit reporting, where inaccuracies can lead to significant repercussions in consumers’
The appointment of Donald Trump as President-elect for a second nonconsecutive term has reignited debates surrounding the future of federal agencies and regulatory bodies in the United States. With emphasizes on reducing federal spending, the vision for a more efficient government seems poised to become a reality, but the implications of such changes could be
Traveling in recent years has seen unpredictable fluctuations in costs, and as we look ahead to 2025, travelers need to be more strategic than ever in planning and budgeting for their trips. With airfare and hotel prices climbing—up 8% for airlines and 2% for hotels as per December reports—it’s crucial for enthusiasts of travel to
In what has been touted as a significant milestone in higher education reform, the Biden administration recently announced a final wave of student loan forgiveness, discharging over $600 million for thousands of borrowers. This sweeping action, impacting approximately 8,650 individuals, signifies a concerted effort to address long-standing injustices within the student loan system, particularly for
In an alarming development, borrowers who have defaulted on their federal student loans are poised to face renewed collection activities for the first time in recent years. The resumption of wage garnishments and the potential impact on retirement benefits is set against a backdrop of a Department of Education memo that outlines strategies aimed at
As the clock ticks down to the inauguration of President-elect Donald Trump, lawmakers in the House are ramping up discussions regarding the potential extensions of the significant tax reforms introduced in 2017. With numerous tax provisions set to expire after 2025, the stakes are high, as the looming expiration could affect millions of American families
In a significant move toward alleviating the burden of education debt in the United States, the Biden administration has unveiled another round of federal student loan forgiveness, set to benefit over 150,000 individuals. This initiative, amounting to an impressive $4.2 billion, comes just days before President Joe Biden’s term concludes. The latest measures reflect the
As the world becomes increasingly aware of the environmental impact of consumer products, mattress recycling is emerging as a critical part of sustainable waste management strategies in several states across the U.S. This growing initiative stands in stark contrast to the traditional methods of mattress disposal, which often result in these bulky items ending up
The Internal Revenue Service (IRS) finds itself amidst an intricate political landscape as a Republican-dominated Congress deliberates future funding allocations. The National Taxpayer Advocate, Erin Collins, has recently highlighted concerning trends in her annual report, emphasizing a stark misalignment in budget priorities that may impact the services provided to taxpayers. A disproportionate share of resources