Warning About Child Tax Credit: Millions of Children May Not Qualify
This week, researchers suggested that nearly one child benefiting from the Child Tax Credit (CTC) approved by Congress might be excluded. Why is it important? The CTC is a federal tax benefit designed to assist families with the expenses of raising kids. Starting in 2024, families can receive up to $2,000 for each qualifying child […]
Video circulates alleging that fraudsters are using microchip stickers to steal credit card details.
Concerns About Credit Card Safety at Gas Pumps Videos making the rounds on social media have raised alarms regarding the safety of credit card information at gas pumps, with claims that scammers are using microchips embedded in stickers to siphon off personal details. The local news team at News 8 is digging into these assertions. […]
Your Travel Credit Card Will Soon Become Much Pricier
Judgement Day for Travel Credit Card Holders On June 17th, Chase, the largest credit card issuer in the U.S., increased the annual fee for its Sapphire Reserve Card from $550 to $795, marking a 45% hike. Around the same time, American Express hinted at similar changes for its Platinum cards, indicating an elevation in benefits […]
California Legislators Approve Changes to Film and TV Tax Credit Program
California Film and TV Tax Credit Program Gets a Boost California lawmakers have approved changes to the state’s film and television tax credit program. This week, the Senate gave its approval, and Governor Gavin Newsom signed the law. The recent bill aims to “modernize” the program while expanding eligibility, complemented by a newly allocated $750 […]
Are Republicans helping struggling cities? Understanding the pitfalls of the Low-Income Housing Tax Credit
Several prominent members of the Republican Party are supporting the “One Big Beautiful Bill Act,” which proposes $14 billion in relief targeted at some of the most struggling cities in America. This initiative aims to expand low-income housing tax credits, but there are concerns that it might simply funnel more money into systems that are […]
CFPB Nullifies $95 Million Agreement With Navy Federal Credit Union
The American Consumer Watchdog has called off a $95 million fine against the largest credit union in the U.S. The Consumer Financial Protection Bureau (CFPB) had originally imposed this penalty on Navy Federal Credit Union after concerns were raised about the credit union charging members unlawful overdraft fees. Last year, the credit union had defended […]
California’s film tax credit increase officially enacted to attract Hollywood jobs back.
California Increases Film and Television Tax Credit Program Nine months ago, Governor Gavin Newsom committed to more than doubling the annual funding for California’s Film and Television Tax Credit Program. Standing alongside Mayor Karen Bass and a union representative, Newsom emphasized the need for the state to take significant actions. Hollywood, he noted, originated in […]
Consumer Financial Protection Bureau drops $95M overdraft case involving Navy Federal Credit Union
Changes for Navy Federal Credit Union NEW YORK – The Navy Federal Credit Union is set to avoid refunding $80 million to military members and women due to a recent decision by the Consumer Financial Protection Bureau (CFPB), which is now led by the Trump administration. The CFPB has chosen to dismiss the lawsuit concerning […]
Consumer Financial Protection Bureau drops $95M overdraft case against Navy Federal Credit Union
Navy Federal Credit Union Lawsuit Dismissed The Navy Federal Credit Union is no longer required to repay $80 million to military personnel and women concerning illegal overdraft fees, following a decision by the Consumer Financial Protection Bureau (CFPB) to dismiss the lawsuit. In their defense, the Navy Federal Credit Union stated that they stand by […]
Consumer Financial Protection Bureau drops $95M overdraft lawsuit against Navy Federal Credit Union
CFPB Dismisses Lawsuit Against Navy Federal Credit Union NEW YORK (AP) — The Navy Federal Credit Union is no longer required to refund $80 million to military personnel and women for previously charged claims. This decision comes after the Consumer Financial Protection Bureau (CFPB), under leadership connected to Donald Trump, moved to dismiss the lawsuit. […]