Tapping retirement funds to invest in real estate is a terrible idea. For Baltimore’s top lawyer, it led to federal charges.
Baltimore’s chief prosecutor, Marilyn Mosby, has been accused of making false loan applications. Based on the court filing, she's at least guilty of making some bad money moves.
IRS delays triggered some premature collection notices
The IRS is so backed up that it has prematurely started collection actions in some cases because it hasn't got around to processing responses from taxpayers in time.
Inflation: How you can beat it — or even benefit from it
As inflation sees its biggest annual rise in 40 years, take advice from the experts about how to beat inflation or even benefit from it.
Tax season, once again, is going to be a hot mess. Here’s when to expect your refund this year.
The new tax season is scheduled to start Jan. 24, and already the IRS is trying to manage people's expectations by admitting its facing enormous challenges related to the pandemic and years of underfunding by Congress. The issues will make for a frustrating filing season for taxpayers and tax preparers.
Why it’s so hard to fix errors on your credit report
A new report from the Consumer Financial Protection Bureau slams the three major credit bureaus — Equifax, Experian and TransUnion — for failing to resolve consumer complaints about errors in their credit reports.
Americans’ top five financial resolutions and how to make them stick
It's hard to stick to your New Year's resolutions. But here's some advice that may help you follow through on getting out of debt or saving for a financial emergency.
Financial regulator takes aim at ‘buy now, pay later’ credit
The Consumer Financial Protection Bureau, now under President Biden’s control, said it's probing popular “buy now, pay later” credit products offered by Affirm, Afterpay, Klarna, PayPal and Zip.
The craziest, creepiest year in the real and financial worlds in my 50 years of writing about business
The economy is going great. Employment is up and so are the stock markets and housing prices, but political divisiveness is undermining everything.
Coming Fed rate hikes mean one thing: Pay off that credit card debt. Now.
To fight inflation, the Federal Reserve has indicated interest rate hikes are coming next year. This could increase the cost of borrowing for consumers carrying debt with variable interest rates.
Beware of storm-chasing scammers trying to capitalize on tornado relief efforts
The scammers will be coming for your donation dollars. Here's how to avoid charity scams related to the tornadoes that tore through parts of the South and Midwest.
Should I use my retirement fund to pay off debt? The Post’s personal finance columnist answers your questions.
The Post's Michelle Singletary will answer your questions about banking, retirement and savings on Wednesday, Dec. 15 at noon.
Without the boosted child tax credit, nearly 10 million children could fall deeper into poverty
If Congress fails to pass President Biden's Build Back Better legislation, monthly child tax credit payments will stop and millions of families will struggle to make ends meet.
Bookstores are dying. Barnes & Noble’s pricing policy may help explain why.
I'm fond of my local Barnes & Noble, so I was surprised to see bn.com undercutting prices in the store for some bestselling books — and stunned to see the company allowed pop-up ads from Amazon lowering prices even more.
Yes, debt collectors can now contact you on social media. No, they can’t post that you owe money.
What’s next for many of these families could be a barrage of calls, and now messages on their social media accounts from debt collection companies as the result of new debt collection rules. Here's what you need to know about your rights.
Overdraft fees are a menace
Capital One announced it's eliminating overdraft fees. Other financial institutions should follow suit.
New rule will allow debt collectors to track you down on social media
Federal regulators have given debt collectors the okay to pursue debtors via email, text messages and social media sites.
Markets are shrugging off omicron worries. But the variant offers a lesson investors should heed.
The market plunge on Black Friday — and recovery on Monday — after the news about omicron offers an important lesson to investors: If you’re going to own stocks long term, you need to have enough cash on hand to ride out volatility.
Online shopping will soar this holiday season. So will scams. Here’s how to protect yourself.
A new poll from Gallup found that a majority of Americans plan to shop online for the holidays. Here are some tips that will help you stay safe while online shopping.
Giants like GE and IBM are splitting up. The picture for shareholders is complicated.
The breakups of several firms show investors see more value in smaller and more streamlined enterprises than sprawling conglomerates.
How to beat inflation and empty shelves this holiday shopping season
With inflation and empty shelves, this will not be the year for deep discounts on holiday gifts. But don't let the spiking prices and scarcity of popular gifts cause you to break your holiday budget.