Congress’ lame duck session leaves 'unfinished business' on issues that address Americans' everyday financial needs
Here's what didn't make the cut in year-end legislation and how lawmakers could address that "unfinished business" in 2023.
Here's what didn't make the cut in year-end legislation and how lawmakers could address that "unfinished business" in 2023.
New retirement legislation will make it easier to set aside money for unexpected emergency expenses.
The provision would provide up to a 50% federal match on contributions to qualifying retirement accounts for people with income below set levels.
The Verge | Richard Lawler and Elizabeth Lopatto | Dec 21, 2022 Former FTX co-founder Gary Wang and former Alameda Research CEO Caroline Ellison are facing up to 50 years and 110 years in prison, respectively. Caroline Ellison and Zixiao “Gary” Wang, two executives in Sam Bankman-Fried’s fallen crypto empire, have pleaded guilty to federal
Savers can access individual retirement account funds before 59½ without a 10% penalty in some cases. But it's generally not a good idea to raid savings early.
Today in BC | Canadian Press | Dec 21, 2022 18-month suspension to give province and BC Hydro time to engage with industry and First Nations The British Columbia government is temporarily suspending requests for electricity connections from cryptocurrency mining operations, saying the decision is aimed at preserving the power supply while supporting climate action
Dec 22, 2022 No one expects to be involved in a car accident, but it happens more often than you think. It can be challenging to determine the next steps if you've been an unfortunate road crash victim. You must know your legal and financial rights when dealing with an automobile accident. This blog post
New legislation may help make it easier to automatically enroll workers in retirement plans. But to keep retirees out of poverty, more fixes are necessary.
Kitco | Jordan Finneseth | Dec 16, 2022 Global payments company MoneyGram has announced a new partnership with the Stellar Development Foundation (SDF), the non-profit organization founded in 2014 to support the development and growth of the open-source Stellar (XLM) network, to launch Stellar Aid Assist. According to the project's website, Stellar Aid Assist is
City A.M. | Jonny Fry | Dec 19, 2022 Blockchain technology has already been successfully used for a number of years in Australia by a company called PEXA, which has recorded over 11million property transactions with enhanced protections, transparency of ownership process, and real-time settlement for a more efficient process for everyone involved. Proof of
Most people like to think that they're rational. But — at least when it comes to investing — that's not always the case, Bob Pisani says in his new book.
Linklaters | Martyn Hopper | Dec 20, 2022 The digital asset market as a whole is experiencing turbulence. In the past year institutional investors have increasingly embraced crypto and other digital assets in their portfolios. As is often the case in distressed markets, there are now signs of a “flight to quality”. The decentralised finance
As part of its massive $1.7 trillion spending package for 2023, Congress is planning to up the maximum annual Pell Grant award to $7,395 — a $500 increase.
CBC | Anis Heydari | Dec 21, 2022 Financial products are being adapted to match the unique needs of many Muslims Challenge: Like many other Muslims, Mohiuddin's religious beliefs include restrictions on paying and receiving interest. Given that a typical Canadian mortgage includes interest charges, this has added an additional challenge to his quest to
The bank agreed to a settlement with the Consumer Financial Protection Bureau, which includes $2 billion for affected consumers across a variety of accounts.