Author: administración
Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. June 25, 2026 Federal Reserve Board issues enforcement action with employee of Bank of Eufaula and S N B Bancshares, Inc. For release at 11:00 a.m. EDT The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: Consent cease-and-desist order against Jason Burns President and director of Bank of Eufaula and director of S N B Bancshares, Inc., Eufaula, Oklahoma Unsafe Lending Practices For media inquiries, please email…
Four borrowers want a judge to stop the July transition of millions of loans out of SAVE. History suggests the timeline won’t budge. With the Education Department days away from forcing millions of loans out of the SAVE plan, four borrowers are making a last-minute legal push to stop it. On June 23, they asked a federal judge for a preliminary injunction in Havens v. U.S. Department of Education (PDF File), seeking to keep borrowers enrolled in REPAYE, halt the agency’s planned transfers, and order immediate forgiveness for those who already reached their 20- or 25-year payment thresholds.Starting in early July, the Department…
Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. June 25, 2026 Federal Reserve Board announces termination of enforcement action with Jiko Group, Inc. For release at 11:00 a.m. EDT The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Jiko Group, Inc., San Francisco, California Cease and Desist Order dated July 16, 2024 (PDF) Terminated June 23, 2026 Additional enforcement actions can be searched for here. For media inquiries, please email [email protected] or call 202-452-2955. Last…
One of the big perks of using a 529 plan to save for college is that many states offer tax deductions for 529 plan contributions. Other states offer tax credits, and some even will allow contributions to any state’s plan (this is called tax parity) But, like anything, there are rules that apply.Some states require you to contribute to their state’s plan, while other states allow you to take the tax deduction for contributions to any state’s plan. Finally, there are (sadly) states that don’t offer any incentives for contributions.Also, the rules for withdraw can also impact your taxes. Make…
Certificates of deposit (CDs) have seen rates rising, despite major banks lowering the rates on theri savings accounts. As of June 24, 2026, the best 12-month CD rates reach up to 4.11% APY (annual percentage yield), with many banks and credit unions still offering yields far above the national average of 1.65%, according to the FDIC. Over the last several weeks, rates have been rising slightly.Now might be the best time to lock in a guaranteed rate. If you’re looking to earn a predictable return over the next year, these are the best CD rates available today.💰 Today’s Best 12-Month CD Rates At a…
A long-stalled bill to cap federal student loan interest at 2% is getting a procedural push just as payments climb for millions of borrowers. A bipartisan group of House members has filed a discharge petition to force a floor vote on the Affordable Loans for Students Act, a bill that would cap the interest rate on federal student loans at 2%. The petition is a procedural tool that lets rank-and-file members bypass House leadership and bring a stalled bill to the floor if 218 members sign on.Federal student loan interest rates currently ranges from roughly 6.52% to 9.07%, and undergraduate…
Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. June 24, 2026 Federal Reserve Board’s annual bank stress test confirms that large banks are well positioned to weather a severe recession and able to continue to lend to households and businesses For release at 4:00 p.m. EDT The results of the Federal Reserve Board’s annual bank stress test confirmed that large banks are well positioned to weather a severe recession and able to continue to lend to households and businesses. Despite absorbing…
UConn’s Board of Trustees last week adopted a fiscal year 2027 budget that holds tuition flat at Storrs and the regional campuses for a second consecutive year, even as the university works to close a combined $83.5 million shortfall. The budget takes effect July 1.By the numbers: The FY27 operating budget runs $1.9 billion for UConn’s Storrs and regional campuses and $2.2 billion for UConn Health. The shortfalls break down to $29.2 million on the academic side and $54.3 million at UConn Health. Financial aid climbs to $351.4 million, with roughly $230 million funded directly by the university — a…
CIT Bank’s six-month 4.10% annual percentage yield (APY) boost¹ on its Platinum Savings account is one of the highest savings rates available without activity requirements. But what does that actually pay in dollars? It comes down entirely to how much cash you have parked.The Math By BalanceHere’s what 4.10% APY* earns over six months at common balance levels, approximated using daily compounding (CIT Bank compounds daily, credits monthly):$5,000 → about $102 in interest$10,000 → about $203$25,000 → about $508$50,000 → about $1,016$100,000 → about $2,030Versus Where You Might Be Parked NowCompare those numbers to what the same balances earn at common…
A federal rule years in the making is nearing the finish line, and it could reset how long international students are allowed to stay in the U.S. The White House Office of Management and Budget cleared a final Department of Homeland Security rule in June 2026 that would end “duration of status,” the policy that lets foreign students remain until they finish their degree. DHS can publish the final version any day now. The rule could then take effect 60 days after publication. Would you like to save this?We’ll email this article to you, so you can come back to…