The FDIC exists to help the banking system cope with exactly the type of crisis we’re now seeing: When it was created in 1933, some 4,000 banks had closed in the first few months alone. Created at: March 13, 2023 at 10:27PM
The FDIC insurance limit was last raised in 2008. Here’s how it works
Racial bias often creeps into home appraisals. Here’s what’s happening to change that
Black and Latinx homes are more likely to be undervalued by real estate appraisers, who are mostly older white men. New recruiting and technology aims to change how appraisals are done and by whom. Created at: March 13, 2023 at 09:01AM
A cat lover tried to leave a fortune to her town’s strays. It almost didn’t work out
When Barbara Thorpe died in 2002, she left almost all of her money — $200,000 — to benefit the cats of her hometown, Dixfield, Maine. But that decision turned into a huge legal battle. Created at: March 10, 2023 at 09:40PM
The dirty secret to credit card rewards
Credit card perks are being subsidized by people who have less, argues Chenzi Xu, a finance professor at the Stanford Graduate School of Business. Created at: March 9, 2023 at 10:01PM
Credit Card Nation: How we went from record savings to record debt in just two years
U.S. consumers had the highest savings rate on record in 2020 and credit card debt was plummeting. Now our savings is gone and debt is surging. What happened? Created at: March 8, 2023 at 10:38AM
Moderna’s COVID vaccine gambit: Hike the price, offer free doses for uninsured
Once U.S. stockpiles of COVID-19 vaccine run out, Moderna says it might charge as much as $130 per dose, but give people who lack health insurance a break. Critics say that’s not enough help. Created at: March 8, 2023 at 10:01AM
Why we usually can’t tell when a review is fake
Is that review real or fake? Most of us can’t tell Created at: March 7, 2023 at 11:30AM
Medical debt affects millions, and advocates push IRS, consumer agency for relief
More than 50 consumer and patient groups want the Biden Administration to aggressively protect Americans from medical bills and debt collectors. The effort follows a KHN/NPR investigation. Created at: March 7, 2023 at 10:00AM
A new movement is creating ways for low-income people to invest in real estate
Low income people are often shut out the main way wealth is built in the U.S.: Real estate. But a new movement is creating ways for poorer people to invest in their own communities. Created at: March 5, 2023 at 01:01PM
Getting a measly interest rate on your savings? Here’s how to score a better deal
Many big banks offer shockingly low interest rates on savings accounts. Moving your money to a smaller institution could bring better returns. Created at: March 4, 2023 at 10:00AM