Financial Articles

The U.S. Treasury Department proposed guidance Thursday establishing investment rules for Trump Accounts, tax-deferred accounts for children designed to prioritize low-cost index funds and maximize long-term compound growth.

The Labor Department is proposing an expansion of association health plans that could broaden health insurance access and potentially lower costs for self-employed workers and small businesses.

The U.S. Department of Education is recalculating PSLF payment counts for some borrowers, with several reporting reductions in qualifying payments toward federal student loan forgiveness.

Nearly 40,000 bottles of Clear Eyes Maximum Itchy Eye Relief eye drops are being recalled across the US due to sterility concerns, according to the FDA.

Prime Minister Burnham launches initiatives to regulate rogue bailiffs and combat unscrupulous builders, requiring independent accreditation and establishing consumer protection schemes.

Ten state attorneys general sued to block federal rules that allow certain banks to avoid paying interest on mortgage escrow accounts holding property taxes and insurance funds.

UK homebuyers are targeted by conveyancing fraud scams where criminals intercept payment instructions and redirect deposits to fraudulent accounts, sometimes causing losses exceeding £300,000 per victim.

A call-blocking device company was fined £190,000 for making hundreds of thousands of nuisance calls to elderly people who had registered to avoid such contact.

Fraudsters impersonating banks send texts about suspicious payments, then convince victims to transfer money or hand over cards. Losses from such impersonation scams have risen significantly this year.

The Federal Reserve may raise interest rates in coming months despite weak employment data, potentially increasing borrowing costs for consumers already facing affordability pressures from persistent inflation.

The Treasury Department and IRS proposed rules restricting refundable tax credits for certain immigrants, potentially affecting millions of lower-income households.

UK households are unlikely to receive additional energy bill support before October’s price cap increase, though government officials indicated targeted assistance could be reconsidered if energy prices spike further in January.