Latest Updates Around The World
Image source: Shutterstock Tax season brings a wave of concerns about forms, deductions and potential audit risks. Hiring a CPA can cost hundreds of dollars that you simply don’t have. Luckily, your local library turns into a free financial clinic this February. National volunteer programs return to library meeting rooms to provide in-person assistance. These […]
One of the strangest things about retirement is that it’s often not about whether you have enough money to last a lifetime, but whether you feel comfortable spending it. Economists call this the pension consumption puzzle. In theory, retirees should withdraw their savings over time and enjoy the money they’ve accumulated over decades. In real […]
Challa Sreenivasulu Setty, Chairman, SBI State Bank of India (SBI) on Saturday launched ‘CHAKRA’ – the Center of Excellence for Sunrise Sectors – to build institutional capacity to finance industries that are still taking shape. India’s largest bank has capped capital requirements for the eight identified sunrise sectors – renewable energy, advanced cell chemistry and […]
SBI chairman CS Setty | Photo credit: PTI According to SBI Chairman CS Setty, there should be a level playing field between bank deposits and other financial instruments in terms of tax treatment. His comments come against the backdrop of bank deposit growth lagging behind credit growth. Banks overcome this discrepancy by raising funds through […]
Quick answer: More than 12 million federal student loan borrowers are now delinquent or in default: one in four borrowers. At the same time, Trump’s One Big Beautiful Bill Act overhauls the entire student loan system starting in July 2026: only two repayment plans, forgiveness is now taxable, Grad PLUS loans eliminated, and wage garnishment […]
Quick answer: The Indiana Senate passed Senate Bill 85 on January 29, 2026 by a vote of 33 to 15. The bill would protect patients from wage garnishments on medical debt if they earn less than 200% of the federal poverty level (~$32,000/year), ban house liens for medical bills, require hospitals to offer 24-month payment […]
Quick answer: Criminals steal identities — including those of children — to enroll as fake ghost students at community colleges, pocket federal financial aid and disappear. According to the The Office of Inspector General of the U.S. Department of EducationOver the past five years, more than $350 million in fraud has been investigated, with some […]
Quick answer: The Connecticut Banking Commissioner has a cease and desist order v. Omnipoint Management Solutions LLC on January 6, 2026. The commissioner found that an Omnipoint representative called a hospital emergency medical phone line to reach a debtor, used profanity when told it was an Emergency Room line, and that another representative called the […]
Quick answer: SiriusXM agreed to a $28 million settlement to make unwanted telemarketing calls to people on the National Do Not Call Register. If you received calls from SiriusXM while on the DNC list between April 2019 and October 2025, you may be eligible for a cash payment. The deadline for filing a claim is […]
Social Security is confusing enough for one person. For married couples, the options are often even more complicated, with spousal benefits and survivor benefits potentially coming into play. Sometimes adding to this confusion is a 2015 federal law that changed the process of how some lower-earning spouses apply for benefits. This was the case for […]
