President Donald Trump has picked Kevin Warsh to succeed Jerome Powell as chair of the Federal Reserve. In keeping with the president’s push for lower interest rates, Warsh is expected to be more supportive of cutting the Fed’s key benchmark rate later this year. “I have known Kevin for a long period of time, and have no doubt…
By some measures, Generation Z is the hardest hit by the affordability crisis. Even though young adults are more likely to have a college degree and work full time compared with their parents at this age, that combo also comes larger student loan balances, which have proved to be a significant obstacle for those starting out. At…
Halfpoint Images | Moment | Getty Images Student loan borrowers in default got a reprieve last week: The Trump administration said Friday it would postpone forced collections, for now. The pause is an about-face for the U.S. Department of Education, which had announced in late December that it would start seizing defaulted borrowers’ paychecks as…
U.S. Education Secretary Linda McMahon attends a press briefing with White House Press Secretary Karoline Leavitt (not pictured) at the White House in Washington, D.C., U.S., November 20, 2025. Evelyn Hockstein | Reuters The Education Department announced on Friday that it will delay the implementation of wage garnishment and other involuntary collection efforts affecting defaulted…
Milorad Kravic | E+ | Getty Images For many consumers, buying a car increasingly comes with a hefty monthly bill. The share of new-car buyers who pay $1,000 or more per month for their auto loans rose to a record 20.3% of all new vehicle purchases financed in the fourth quarter of 2025, according to…
Federal Reserve chair Jerome Powell speaks at a press conference following the Federal Open Markets Committee meeting at the Federal Reserve on Dec. 10, 2025 in Washington, DC. Chip Somodevilla | Getty Images The Justice Department’s criminal investigation of Federal Reserve Chair Jerome Powell may, at first glance, seem far removed from consumers’ finances —…
©Studio One-one | Moment Unreleased | Getty Images Depending on where you live, relying on a postmark to prove you mailed your tax return, mail-in ballot, bill payment or any other time-sensitive document by a specific date may no longer work as you expect. As the U.S. Postal Service continues implementing operational changes in an…
Businesswoman working on laptop in modern office space Momo Productions | Digitalvision | Getty Images Student debt has long been considered difficult, if not impossible, to discharge in bankruptcy. But that hasn’t been the case in recent years, a new study finds. The success rate for student loan borrowers who attempt to discharge their debt…
Alexander Spatari | Moment | Getty Images If you’ve fallen behind on your student loans, it may be more challenging to get a property manager to approve you for rental housing, financial experts say. “Delinquency is a bad sign for creditworthiness, and landlords may choose not to rent to potential tenants who are having a…
Mixmike | E+ | Getty Images Many student loan borrowers have hit a repayment obstacle: the U.S. Department of Education denied their application to switch into a new payment plan. The department rejected 327,955 borrower requests to be enrolled in an income-driven repayment plan in August alone, according to a Dec. 15 court filing. The…
