The financial news that actually matters
Consumers who answer a call from someone claiming to be an “FTC agent” with a badge number are talking to a scammer. The Federal Trade Commission issued a direct warning that it does not employ agents, does not assign badge numbers, and will never call anyone to move money or connect them to a refund….
Bank customers who overdraw their checking accounts are once again facing fees that have crept back toward pre-reform levels, with many institutions charging close to $27 per incident. That upward drift follows President Trump’s signing of a congressional resolution that overturned the Biden-era overdraft fee cap, removing a key federal price constraint. Yet a separate,…
Hundreds of thousands of gig workers who delivered groceries and packages through Walmart’s Spark Driver app will share up to $79 million after the company agreed to a $100 million judgment resolving federal and state charges that it inflated the pay figures drivers saw before accepting delivery offers. The settlement, entered on March 3, 2026,…
More Americans are missing credit-card payments than at any point since the aftermath of the Great Recession. Federal Reserve data for the first quarter of 2026 show the delinquency rate on credit-card loans at commercial banks climbed to 3.82 percent, the highest reading in roughly 15 years. The figure caps a steady rise from pandemic-era…
Two federally insured banks have shut down in the first four months of 2026, both closed by state regulators and handed to the FDIC as receiver. Metropolitan Capital Bank and Trust of Chicago failed on January 30, and Community Bank and Trust of West Georgia in LaGrange closed on May 1. Together the two institutions…
More than half of American credit-card holders are now charging groceries, utilities, and other basic costs they once paid for with cash or debit, according to a 2026 survey conducted by Achieve. The finding, which puts the share at 53%, signals that years of elevated prices have pushed routine spending onto revolving plastic for a…
Millions of dollars in federal tax refunds expire every year because filers miss a hard deadline written into the tax code. The IRS enforces a strict three-year window for claiming overpayments, and once that clock runs out, the U.S. Treasury absorbs the money permanently. The rule applies even when a taxpayer clearly overpaid, creating a…
Tyler Bossetti, a Columbus, Ohio social media influencer, received a 72-month federal prison sentence for running a Ponzi scheme through his company Boss Lifestyle LLC that raised more than $23 million between 2019 and 2023. Dozens of victims lost more than $11 million after Bossetti promised returns often exceeding 30 percent on what he marketed…
About 3,000 Intuit employees are losing their jobs as the company redirects resources toward artificial intelligence, a move disclosed alongside its third-quarter fiscal 2026 earnings results. The cuts represent roughly 17 percent of the workforce at the company behind TurboTax, QuickBooks, and Credit Karma. For the workers affected across multiple countries, the announcement converts a…
Florida residents shopping for homeowners insurance are staring down annual premiums approaching $8,500, a figure that dwarfs averages in every other state. The cost pressure comes after national home insurance prices jumped 12% in 2025, and fresh projections point to another 4% increase in 2026. For a state where hurricane and flood exposure already limits…