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Personal Finance

pile of money
Community

Philly workers leave $100 million ‘on the table’ on Tax Day, advocates say

About 50,000 residents with low income don’t claim one federal tax credit, which means lower tax refund checks.

1 year ago

Listen 1:09
Vice President Kamala Harris appears in front of a mic at a press conference
Money

Vice President Kamala Harris unveils more student debt relief measures in North Philly

The Biden administration expects the debt relief program will help 30 million people nationwide.

1 year ago

Listen 1:00
Philadelphia City Hall
Community

Philly’s summer jobs program for youth gets makeover, will focus on careers

Career Connected Learning PHL plans to hire 8,000 young people and expand year-round, work-based activities for an additional 2,000, replacing the city’s WorkReady program.

1 year ago

Jerome Powell
NPR
Money

Federal Reserve holds interest rates steady, projects 3 rate cuts later this year

While inflation has cooled significantly over the last year, recent measures show prices are still climbing faster than the central bank would like.

1 year ago

The Consumer Financial Protection Bureau capped credit card late fees as part of the Biden administration fight against junk fees. (Justin Sullivan/Getty Images)
NPR
Community

The U.S. sharply limits how much credit cards can charge you in late fees

The Consumer Financial Protection Bureau issued a new rule Tuesday capping late fees on credit cards, a move designed to save customers an estimated $10 billion a year.

1 year ago

President Joe Biden speaks in the East Room of the White House, Feb. 23, 2024, in Washington. Biden is forming a new ''strike force'' to crack down on illegal and unfair pricing on things like groceries, prescription drugs, health care, housing and financial services.
Politics & Policy

Regulator would cap credit card late fees at $8, part of Biden’s campaign against junk fees

The Consumer Financial Protection Bureau says the average credit card late fee is $32.

1 year ago

The logo for Capital One Financial is displayed above a trading post on the floor of the New York Stock Exchange.
NPR
Money

Capital One is acquiring Discover in a deal worth $35 billion

The companies are teaming up, in part, to expand their payment network.

1 year ago

Gov. Josh Shapiro greeting people in the Capitol building
Health

In budget address, Gov. Shapiro proposes $4 million to erase medical debt for thousands of Pennsylvanians

State officials said an estimated 1 million Pennsylvanians hold some amount of medical debt, and many are subjected to debt collectors.

1 year ago

Listen :58
PECO truck in the foreground, PECO worker in the background
PlanPhilly
Community

Your Pa. utility is calling. Double check that it’s really them

An increasingly common scamming tactic is a phone call from a number with a fake caller ID that reads “PECO,” the company said.

1 year ago

File photo: A customer makes a transaction at an automatic teller machine in Los Angeles on March 27, 2023.
Politics & Policy

Overdraft fees could drop to as low as $3 under new Biden proposal

The change could potentially eliminate billions of dollars in fee revenue for the nation’s biggest banks, which were gearing up for a battle even before Wednesday’s announceme

1 year ago

U.S. Education Secretary Miguel Cardona speaks at a podium
NPR
Education

Education Dept. fast-tracks forgiveness for borrowers with smaller student loans

In a surprise move, the Biden administration announced it is fast-tracking a change that will erase the debts of many federal student loan borrowers after just 10 years.

1 year ago

An illustration showing a whale eating people
NPR
Money

Student loan forgiveness isn’t dead yet, and other takeaways from 2023

What to make of all the student loan news this year? We have three takeaways, and a literary analogy.

1 year ago

FILE - A Netflix sign is photographed outside its office building in Los Angeles, Wednesday, April 20, 2022. Netflix reports earnings on Wednesday, Oct. 18, 2023.
Community

Netflix’s password-sharing crackdown reels in subscribers as it raises prices for its premium plan

The $15.50 per month price for Netflix’s most popular streaming option in the U.S. will remain unchanged, as will a $7 monthly plan backed by ads.

2 years ago

President Joe Biden speaks on student loan debt forgiveness, in the Roosevelt Room of the White House, Oct. 4, 2023, in Washington.
Politics & Policy

Biden’s second try at student loan cancellation moves forward with debate over the plan’s details

Fourteen people chosen by the Biden administration will meet Tuesday for the first of three hearings on student loan relief in a process known as negotiated rulemaking.

2 years ago

NPR
Politics & Policy

Feds offer students new protections against programs that lead to high debt, low pay

The Biden administration is cracking down on for-profit college programs that don't adequately prepare graduates for gainful employment and leave them with unaffordable loans.

2 years ago

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