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3 mins read

A major student-loan company is being punished for preventing over 460,000 borrowers from accessing cheaper monthly payments

The Education Department placed a second penalty on student-loan company MOHELA over failure to pro…

Ayelet Sheffey   


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4 mins read

This tiny country says it will give $500 to every adult as an Exxon oil boom supercharges its economy

Guyana, the world's fastest-growing economy after a huge Exxon discovery, is tapping its oil wealth…

Theron Mohamed   


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2 mins read

India's digital public infrastructure is transforming country's economic landscape, notes RBI

Built on principles of public good, open access, and regulatory fairness, India Stack has become a …

ANI   


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2 mins read

Paytm can onboard new UPI users again, receives NPCI nod months after RBI restrictions

Paytm's parent company, One97 Communications Ltd, has received approval from the National Payments …

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2 mins read

Nearly all Chinese banks are refusing to process payments from Russia, report says

Almost all Chinese banks — even small regional ones — are now refusing to accept direct transaction…

Huileng Tan   


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6 mins read

America dodged a recession. Now there's one last pitfall to avoid.

Recession fears are fading and the job market is looking stronger. That's great news for average Am…

Neil Dutta   


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4 mins read

Putin has spent years championing the idea of de-dollarization — but a new reality is setting in

The Russian president said the BRICS group is trying to resolve payment issues with national curren…

Huileng Tan   


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5 mins read

Medicare coverage will change in 2025. Some boomers are already struggling to keep up with their medical bills.

The 2025 enrollment period for Medicare opened recently. Some older Americans' deductibles, prescri…

Allie Kelly,Juliana Kaplan   


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5 mins read

One chip company's newest tactic to attract workers: Help pay off their student loans

GlobalFoundries, a New York-based chipmaker, is offering employees up to $28,500 in student debt re…

Jacob Zinkula   


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10 mins read

America is trapped in a nightmare of never-ending subscriptions

Companies are using shadowy sign-up tactics and difficult cancelation processes to keep Americans t…

Ayelet Sheffey   


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2 mins read

China's trade with Russia is getting so difficult that payments can take half a year and most bank transfers are returned

Chinese banks are tightening compliance checks, fearing repercussions from Western sanctions.

Huileng Tan   


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3 mins read

Consumers reported losing $210 million to scams across payment apps last year. A new bill wants to help future victims get their money back.

Consumers defrauded while using Zelle or other peer-to-peer payment apps might have increased reimb…

John Towfighi   


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3 mins read

An artist used his $500 monthly basic income to build his hip hop career: 'It's not feasible to create art in a place of distress.'

Tarli, 36, found it increasingly difficult to afford his bills and fund his career as a performer.

Allie Kelly   


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4 mins read

The top 5% will benefit from Trump's tax plans while the rest of America pays more, a new analysis says

Trump's proposed tariffs could hurt lower earners' wallets, while extending the former president's …

Juliana Kaplan,Ayelet Sheffey   


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2 mins read

8 million student-loan borrowers on Biden's new repayment plan don't have to make payments after a federal court blocked the program in full

A court blocked the SAVE student-loan repayment plan. All 8 million impacted borrowers will be plac…

Ayelet Sheffey   


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2 mins read

Ayelet Sheffey   


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1 min read

Paytm shares jump 5% on receiving government's nod for investment in Paytm Payments Services

The company will reapply for a payment aggregator (PA) licence, a regulatory filing said on Wednesd…

PTI   


Ayelet Sheffey   


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4 mins read

Millions of Americans could lose out on more than $700 in healthcare benefits if Congress doesn't keep these tax credits

Pandemic-era subsidies drove enrollment in Obamacare. Now, millions of Americans could see costs r…

John Towfighi   


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4 mins read

Trump's plan to scrap taxes on tips and overtime could reshape how millions of Americans get paid

Tax proposals from Trump and Harris could incentivize businesses to twist the definition of a tip a…

Ayelet Sheffey