News Powered By AI
News Powered By AI
New federal student loan rules effective July 1 reshape Public Service Loan Forgiveness eligibility, affecting new borrowers and parent loan holders while a court blocks employer definition changes.
The IRS filed over 214,000 federal tax liens in fiscal 2025, a 9% increase from the prior year. Consumer advocates warn that tax liens can devastate financial and employment prospects for households already struggling with affordability.
Major lenders including Metro Bank and Lloyds are increasingly offering mortgages requiring minimal or no deposit for first-time homebuyers, reversing post-2008 financial crisis restrictions.
Britain faces a retirement savings crisis, with 15 million people not accumulating sufficient pension funds, particularly affecting women whose average pension pots are half the size of men’s.
A bipartisan congressional bill would allow fraud victims to claim theft losses as tax deductions and waive early withdrawal penalties on retirement accounts, addressing a financial burden imposed since 2018.
UK savers face fierce competition among banks offering attractive interest rates, with easy-access accounts paying up to 5% and regular savings accounts reaching 8% this summer.
