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Author: Susan Tompor, Detroit Free Press

Money

Refinancing boom continues in 2020 as rates remain low

November 7, 2020Susan Tompor, Detroit Free PressComments Off on Refinancing boom continues in 2020 as rates remain low

Did you just get a second chance to refinance in 2020? The 30-year mortgage just fell to another record low, hitting 2.78%, according to Freddie Mac.

Money

Uncertain outcome of Trump vs. Biden presidential election puts 401(k) savers on edge

November 4, 2020November 4, 2020Susan Tompor, Detroit Free PressComments Off on Uncertain outcome of Trump vs. Biden presidential election puts 401(k) savers on edge

Investors warned to prepare for volatile days for their 401(k) plans as the presidential election battle continues.

Money

Social media scams skyrocket during the COVID-19 crisis

October 26, 2020Susan Tompor, Detroit Free PressComments Off on Social media scams skyrocket during the COVID-19 crisis

The FTC has a new web site for fraud complaints, as social media scams trend higher in COVID-19 pandemic. Scammers know we’re shopping more online.

Money

Banks look to new accounts to attract the unbanked as COVID-19 takes a toll

October 24, 2020Susan Tompor, Detroit Free PressComments Off on Banks look to new accounts to attract the unbanked as COVID-19 takes a toll

Roughly 7.1 million homes — or 5.4% of U.S. households — do not have checking or savings accounts, says a survey released Monday by bank regulators.

Money

Trump keeps calling $750 tax payment a ‘filing fee.’ Experts say there’s no such thing

October 23, 2020Susan Tompor, Detroit Free PressComments Off on Trump keeps calling $750 tax payment a ‘filing fee.’ Experts say there’s no such thing

President Donald Trump keeps bringing up what he calls a $750 filing fee for his federal income tax returns. What’s that all about?

Money

Hard to reach households still need first stimulus money

October 16, 2020Susan Tompor, Detroit Free PressComments Off on Hard to reach households still need first stimulus money

As a second round of stimulus is debated, the IRS continues to work to get stimulus money to the hard to reach, including homeless people who qualify.

Money

Amazon Prime Day 2020: Beware of these online shopping scams

October 12, 2020Susan Tompor, Detroit Free PressComments Off on Amazon Prime Day 2020: Beware of these online shopping scams

Scammers pretend to be from Amazon and tell you about a fraudulent charge on your Amazon Prime card. Some request access to your computer.

Money

College borrowers aren’t always seeing COVID-19 relief. Here’s why

October 10, 2020Susan Tompor, Detroit Free PressComments Off on College borrowers aren’t always seeing COVID-19 relief. Here’s why

Student loan borrowers are warned to check credit reports to see if they’re being dinged for lack of payments. Complex rules have consumers confused.

Money

College borrowers aren’t always seeing COVID-19 relief. Here’s why

October 10, 2020Susan Tompor, Detroit Free PressComments Off on College borrowers aren’t always seeing COVID-19 relief. Here’s why

Student loan borrowers are warned to check credit reports to see if they’re being dinged for lack of payments. Complex rules have consumers confused.

Money

Donald Trump’s tax returns have many wondering what they’re doing wrong

September 29, 2020Susan Tompor, Detroit Free PressComments Off on Donald Trump’s tax returns have many wondering what they’re doing wrong

Tax breaks for businesses likely helped cushion the tax bill for President Donald Trump, as the speculation continues about Trump’s tax audit and tax returns.

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