Your Money

The complaint filed by the Federal Trade Commission alleged that Credit Karma falsely told users they were preapproved for credit cards and other offers, harming their credit scores and wasting their time.

Credit Karma will pay $3 million to users targeted with false preapproved offers

5:49pm September 06, 2022

by Dustin Jones

The FTC order came after nearly a third of Credit Karma users who were told they qualified for preapproved credit card offers were actually turned down, wasting their time and hurting credit scores.

MJ Capital Funding's website said that its founder, Johanna Garcia, was "often referred to as 'Mother Theresa' in her community." But federal authorities say Garcia was actually running a Ponzi scheme. The site was shut down by court order; an archived ve

A Florida woman touted as a 'Mother Theresa' ran a $196 million Ponzi scheme, feds say

2:48pm September 06, 2022

by Bill Chappell

Federal prosecutors say Johanna Garcia's company wasn't a funding miracle for small businesses but a lucrative Ponzi scheme whose co-conspirators spent millions of dollars on luxury items.

An economist studied popular finance tips. Some might be leading you astray

6:30am September 06, 2022

by Greg Rosalsky

A Yale professor of finance read through 50 popular finance books to see how they square with traditional economic theory.

Economy

How to spot a student loan scam

5:29pm September 03, 2022

When President Biden announced a student loan forgiveness program last week, scammers were poised to prey on desperate borrowers. NerdWallet writer Anna Helhoski shares some red flags to watch for.

David Williams is a stocker at a Dollar General store in New Orleans. He's pushing for better work conditions and pay at his store with help from Step Up Louisiana.

Economy

Dollar store workers in the South have a labor movement. Just don't call it a union

8:29am September 03, 2022

by Stephan Bisaha

Unions aren't popular in the South. That's one reason why a labor organizing campaign at Dolllar General stores in Louisiana doesn't use the u-word.

Economy

Free stuff from the Internet is likely too good to be true, and it could be a scam

4:16pm September 02, 2022

by Nick Fountain

There's an online scam where the scammer acts as a secret middleman between unsuspecting shoppers and the good. Here's how it works and what you should look out for.

Kristin Zaitz, left, and Heather Hoff of Mothers for Nuclear and Kristin's daughter Sasha make their views clear in front of California's state house.

Why even environmentalists are supporting nuclear power today

3:12pm August 30, 2022

by Uri Berliner

Environmentalists advocating for nuclear power have led a push to extend the operating life of Diablo Canyon, California's last nuclear power plant. Japan and Germany consider similar extensions.

Student loan borrowers stage a rally in front of The White House on Aug. 25 to celebrate President Biden cancelling student debt. The plan has sparked heated debate, including about its economic fairness.

Is it fair to forgive student loans? Examining 3 of the arguments of a heated debate

5:01am August 28, 2022

by Scott Horsley

President Biden's plan to forgive hundreds of billions of dollars in student debt will help millions – but it's also raising concerns about inflation, economic fairness and college tuition costs.

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What to know if you're hoping for student loan cancellation

4:14pm August 26, 2022

NPR's Sequoia Carrillo and Carolina Rodriguez of the Education Debt Consumer Assistance Program examine Biden's announcement and help answer some questions about how this might actually work.

More than two years ago, then-presidential candidate Joe Biden pledged to cancel at least $10,000 in federal student loans. The pledge has followed his administration ever since.

Biden is canceling up to $10K in student loans, $20K for Pell Grant recipients

4:59pm August 24, 2022

President Biden announced a sweeping effort to forgive up to $20,000 of federal student loan debt for Pell Grant recipients, and up to $10,000 for other borrowers making under $125,000 a year.

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