Education Department to cancel 200,000 student loan borrowers’ debt

US Secretary of Education Miguel Cardona The Washington Post | The Washington Post | Getty Images The US Department of Education has agreed to cancel the student loans of around 200,000 people who brought a class action lawsuit against the government, claiming they were stuck with federal debts from schools that were found to have … Read more

Charles Schwab will pay $187 million to settle SEC robo-advisor claims

The US Securities and Exchange Commission headquarters in Washington on Feb. 23, 2022. Al Drago / Bloomberg via Getty Images Charles Schwab agreed to pay $ 187 million to settle an SEC investigation into alleged hidden fees charged by the firm’s robo-advisor, Schwab Intelligent Portfolios, according to an agency announcement on Monday. “Robo-advisor” is shorthand … Read more

Beware of scams involving jobs, stimulus checks and tax refunds, IRS warns

IRS Commissioner Chuck Rettig testifies before the Senate Finance Committee on April 7, 2022. Kevin Dietsch | Getty Images News | Getty Images The IRS is warning taxpayers to look out for scams involving fake job offers, tax refunds and pandemic-era benefits like stimulus checks, as criminals continue to use the ongoing health crisis to … Read more

Dept. of Education says owners of troubled schools responsible for costs to public

The US Department of Education in Washington, DC Caroline Brehman | CQ-Roll Call, Inc. | Getty Images The US Department of Education announced on Wednesday that it would take steps to hold the owners of certain private colleges that closed or defrauded students accountable for taxpayer losses. Companies that own these schools could be on … Read more

IRS isn’t texting or emailing you about stimulus checks

If you receive an email or text message from the IRS about a stimulus check or unemployment claim, watch out – it’s most likely a scam, the agency says. As tax season heats up, so do fraud attempts. This year, that includes potential scams related to many Covid-19 relief measures, including stimulus checks and unemployment … Read more