IRS Commissioner Danny Werfel has announced that he is leaving the agency on January 20, 2025. The timing is something of a surprise, since it was expected that Werfel might remain through tax season. Late last year, President-elect Donald Trump announced he has tapped former Congressman Billy Long as IRS…
No matter how often bank regulators, international standard setters, rating agencies, or financial reform advocates warn banks that climate change is serious, the frequency of disasters driven by climate change shows they are not heeding the warnings. Such disasters have significantly increased and intensified in the last several decades. According…
When the Federal Reserve adjusts its federal funds rate, it can have significant impacts across the financial sector. Rate decreases, in particular, tend to affect various aspects of consumer banking and lending. The Fed’s rate decisions influence the cost of borrowing money, which affects interest rates on mortgages and credit…
Republican lawmakers in Congress are circulating a number of proposals to cut federal spending as part of a massive bill to extend and expand tax cuts. And student loan forgiveness programs and healthcare subsidies are squarely in the crosshairs. President Trump and GOP congressional leadership hope to pass a large…
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Wildfires in southern California have burned at least 47,000 acres in the Los Angeles area—the largest blaze, the Palisades Fire,…
Washington is abuzz over whether Congress will address President-elect Donald Trump’s ambitious policy agenda in one bill or two. But…
This founder built his brand on a simple idea: Forget about changing the world. Get rich doing mundane and even…
Millions of student loan borrowers face an uncertain future as a second Trump administration prepares to return to Washington. But…
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With Bitcoin’s recent meteoric rise in price, many investors are wondering how they can get in on the action. But with the price of one Bitcoin exceeding $100,000, how exactly can you invest in the world’s most valuable crypto coin? 3 ways to invest in…
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Pekic/Getty Images: Illustration by Issiah Davis/Bankrate Key takeaways Debt collectors can pursue old debts with the threat of lawsuit until the statute of…
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It was a close call for a dog named Max when fire raged through his Altadena neighborhood. The brindle-coated Corso mix hid, huddled…
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Key takeaways Adding authorized users to your business credit card account can make it easier for you to complete purchases and earn rewards…
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Key takeaways Anyone who owns a home has equity in it — it’s the portion of the property that you own outright, as opposed to being financed or encumbered with debt in some way. Your home equity percentage increases as you pay down your mortgage. It can also rise if…
Having an account that’s accessible whenever and wherever internet access is available makes it easier to do everyday banking tasks, like checking your balance, making person-to-person transfers and paying bills. Plus, online-only banks usually offer higher rates and low (or no) fees on their products. You can open a bank…
Tax lien investing can give your portfolio exposure to real estate — all without having to actually own property. Experts, however, say the process is complicated and warn that novice investors can easily get burned. Here’s everything you need to know about investing in a tax lien certificate, including how…
Key takeaways A mortgage transfer happens when another person or an entity takes over an existing mortgage. Most conventional mortgages are not transferable, but lenders may approve a transfer in a few situations. FHA, VA and USDA loans are often assumable – meaning they can be transferred – if the…
Buying a home is one of the biggest financial decisions of your life. If you think you’re ready to buy a house in 2025, finding a real estate agent with the right experience to guide you through the process will be key. There’s no shortage of agents vying for your…
An investment advisor or broker is a person, company or group that chooses or recommends investments for a client. In exchange for their services, investment advisors charge a fee, usually a flat fee or a percentage of managed assets. These professionals are registered with and regulated by the SEC or…
Dan Coplan/Getty Images: Illustration by Issiah Davis/Bankrate Key takeaways An FHA cash-out refinance lets you borrow against the equity in your home by swapping out your current home loan with a new, larger one. An FHA cash-out refinance is available to qualified borrowers with any kind of existing mortgage —…
Zinkevych/Getty Images: Illustration by Issiah Davis/Bankrate Key takeaways The best terms on small business loans are generally reserved for borrowers with strong credit scores Personal credit scores range from 300 to 850, with higher scores indicating greater likelihood of timely payments on a loan Business credit scores can range from…
While it might not seem like it at first, options and sports gambling are both bets. In each, you’re making a side bet between gamblers on the outcome of some event — either the outcome of a game or the performance of a stock or other security. But while sports…
Boone Rodriguez/Corbis/VCG/Getty Images: Illustration by Issiah Davis/Bankrate Key takeaways Business loans require significant documentation about your business formation, financial statements and possibly a business plan Both personal and business finances are reviewed Lenders typically take a few days to weeks to process your information, depending on the lender and type…
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