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Scammers impersonate banks via text messages claiming unauthorized payments, then convince victims to transfer funds or surrender cards. Losses have risen significantly despite fewer reported incidents.
A survey reveals 39% of middle-class households incorrectly expect Medicare to cover long-term care expenses, when the program generally does not fund such services.
Bond market turbulence has prompted UK mortgage lenders to raise fixed-rate pricing, with implications for savers and pension holders depending on their age and investment strategy.
Scammers are targeting university students with fake messages impersonating the Student Loans Company to steal banking information and redirect loan payments, with significant fraud occurring during peak disbursement periods.
Connecticut’s Democratic primary for its 1st Congressional District resulted in former Hartford Mayor Luke Bronin defeating incumbent Rep. John Larson, who championed Social Security expansion legislation ahead of the program’s projected 2032 funding crisis.
The Treasury Department and IRS proposed rules restricting refundable tax credits for certain immigrants, potentially affecting millions of lower-income people including asylum seekers and DACA recipients.
