The IRS is distributing stimulus payments to over 1 million taxpayers, and this could provide much-needed relief, especially for Black Americans, who typically experience lower and more fluctuating incomes compared to their white counterparts. The payments come in response to the ongoing economic challenges caused by the COVID-19 pandemic and the rising cost of living. Continue reading
Sophie Wilson
Maryland Secures $1.6M in Major Settlement with Cash App Parent Company
Maryland is set to receive $1.6 million as part of an $80 million multistate settlement with Block, Inc., the parent company of Cash App. The agreement, which includes 47 other states, addresses violations of bank secrecy and anti-money laundering laws, the Maryland Department of Labor’s Office of Financial Regulation announced Tuesday. Ensuring Security in Mobile Continue reading
Can You Really Lose Your Home with a Home Equity Loan? Here’s What You Need to Know
Home equity loans have long been a popular way to access extra funds at relatively low interest rates. However, borrowing against your home is a serious financial commitment, and failing to repay your loan could put your biggest asset at risk. With interest rates fluctuating and the cost of borrowing changing, homeowners should be fully Continue reading
White House Confirms Social Security, SNAP, and Welfare Will Continue Amid Federal Aid Freeze
Amid growing concerns over a temporary freeze on federal grants and loans, the White House has reassured Americans that essential financial aid programs—including Social Security, Medicare, Supplemental Nutrition Assistance Program (SNAP), and welfare—will continue without disruption. White House Press Secretary Karoline Leavitt clarified that the aid freeze does not equate to a blanket pause on Continue reading
Major Delays in Social Security Retroactive Payments & 2025 Increases: What You Need to Know
The much-anticipated retroactive payments and 2025 Social Security benefit increases are facing significant delays, leaving retired public sector employees waiting longer than expected. Although the Social Security Fairness Act of 2023 (SSFA) was signed into law with the promise of payments in 2025, the Social Security Administration (SSA) has yet to confirm a concrete timeline, Continue reading
5 Major Changes to Supplemental Security Income (SSI) That Impact Millions
For millions of Americans, Supplemental Security Income (SSI) provides crucial financial assistance. If you currently receive SSI benefits or are considering applying, it’s essential to stay informed about recent updates to the program. These changes aim to expand eligibility, increase payment amounts, and simplify certain processes, making it easier for beneficiaries to access much-needed financial Continue reading
How to Avoid Costly ATM Fees and Keep More Money in Your Pocket
ATM fees are a frustrating expense that eats into your hard-earned money. With fees reaching an all-time high of nearly $5 per transaction in 2024, withdrawing cash can sometimes feel like a costly mistake. Fortunately, there are multiple strategies you can use to avoid these fees and ensure you’re accessing your money without unnecessary charges. Continue reading
UnitedHealthcare to Pay Millions in Robocall Settlement – Are You Eligible?
UnitedHealthcare, one of the largest health insurance providers in the U.S., has agreed to a $2.5 million settlement in response to a class-action lawsuit over unauthorized marketing calls. The settlement will impact approximately 12,014 individuals who were subjected to persistent telemarketing calls without their consent between 2015 and 2019. If you’re among those affected, here’s Continue reading
Why February 2025 SSI Payments Are Arriving Early—Again
If you receive Supplemental Security Income (SSI), you may have noticed some unusual payment dates recently—and the trend continues in early 2025. The next two payments will be out of order, following a pattern set at the end of 2024. Here’s why February’s SSI check is coming early and what to expect for the rest Continue reading
$150M Chevy Bolt Battery Defect Settlement: Are You Eligible for $2100 Compensation?
General Motors (GM) and LG Electronics have reached a $150 million class action settlement to address allegations of defective batteries in Chevrolet Bolt EVs. This settlement follows claims that the vehicles’ batteries posed fire risks, leaving many drivers concerned about safety and financial loss. What’s the Issue? The Alleged Chevy Bolt Battery Defect According to Continue reading