Latest in Finance and Education
Biden Administration is Slashing Credit Card Fees
A new ruling from the Consumer Financial Protection Bureau (CFPB) under the Biden administration has made a huge change in how large credit card companies can charge late fees. Under previous legislation, credit card companies took advantage of a loophole that allowed them to charge an average late payment fee of $32. Now, the CFPB has slashed that number to just $8 in an effort to get rid of credit card “junk fees.” The new fee structure is currently set to go into effect on June 1, 2024.
Find out how this dramatic change could benefit your credit card debt payoff plan and what potential drawbacks may come from it as credit card companies look for ways to drum up new revenue.
Finfluencers and Financial Advice
It seems as if anyone with a camera, internet connection and social media account can become an influencer. Finfluencers have emerged as a new resource to get information and advice on personal finance, investing and money management.
Gaming College Admissions Success
Applying to college can be stressful. Most kids don’t even fully understand the game they are about play when they begin preparing for the college admissions cycle.
How the FAFSA Launch Became a Tangled Web of Confusion
The higher education industry anxiously awaited the 2024-2025 FAFSA. With promises of simplifying the process and removing barriers to help students, it promised hope for many.
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