Finance :: Saving

US Consumer Credit Increased at Slower Pace in June

By Josh Boak | Aug 13
U.S. consumers expanded their borrowing at a slower rate in June compared to the prior month. Overall credit rose by $18.3 billion in June to a total of $3.17 trillion, the Federal Reserve said.

BofA Nears $16-$17B Settlement with US

By Eric Tucker, Josh Boak | Aug 11
Bank of America is nearing a $16 billion to $17 billion settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, a person directly familiar with the matter.

How to Fit a Wind Farm into Your Portfolio

By Jonathan Fahey | Aug 7
You can now fit a wind or solar farm into your portfolio, even if your portfolio isn't exactly vast. Energy companies are wrapping renewable energy projects and other power-related assets that generate steady cash into new companies.

Study: 35 Percent in US Facing Debt Collectors

By Josh Boak | Aug 1
More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released by the Urban Institute.

House Votes to Simplify Education Tax Breaks

Jul 28
The House passed a bill Thursday that would simplify a complicated patchwork of tax breaks for higher education but would exclude many graduate students.

European Sanctions Against Russia May Be Torpedoed

Jul 25
As Britain pushes for tougher sanctions against Russia, multiple European countries are only expressing lukewarm support. Nations like France and Germany may be reluctant to take a hardline against Russia because of business interests.

The Giving Pledge: A New Club for Billionaires

Jul 21
Membership comes with just two requirements: You must be worth at least a billion dollars and be willing to give half of that away. Charlie Rose reports.

Euro Healing, but Still Distant No. 2 to US Dollar

By David McHugh | Jul 19
The European Central Bank said that foreign demand for stocks, bonds and other portfolio investments in euros rose to 3.7 percent of eurozone economic output in 2013. That was up from 3.0 percent the year before.

5 Money Saving Tips for Exchanging Currency

By Joseph Pisani | Jul 18
Headed overseas for summer vacation? It's easy to get hit with extra fees and expensive exchange rates when switching currencies. Some currency exchange tables in airports and tourist areas offer bad rates, taking more of your money.

House Votes to Slash IRS Tax Enforcement Budget

By Andrew Taylor | Jul 17
The GOP-controlled House has voted to slash the budget for the Internal Revenue Service's tax enforcement division by $1.2 billion, a 25 percent cut that would mean fewer audits of taxpayers.