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Author: Susan Tompor, Detroit Free Press

Money

Interest Rates: Will the Federal Reserve pause, hike, then pause again?

July 24, 2023Susan Tompor, Detroit Free PressComments Off on Interest Rates: Will the Federal Reserve pause, hike, then pause again?

Inflation cooled considerably from last June through June this year. But the Fed might raise rates in July to keep driving inflation down further.

News

Forced to retire at 60, this firefighter’s finances took a big hit — like so many other retirees.

July 18, 2023July 19, 2023Susan Tompor, Detroit Free PressComments Off on Forced to retire at 60, this firefighter’s finances took a big hit — like so many other retirees.

Martin Rucker became a Detroit firefighter in hopes of getting a full pension. But the city’s bankruptcy left him with financial challenges.

Money

How interest rates on even the best credit card offers can zoom from 0% to 30%

July 16, 2023July 18, 2023Susan Tompor, Detroit Free PressComments Off on How interest rates on even the best credit card offers can zoom from 0% to 30%

Credit card with 0% rates are still marketed, even as many APRs of 20% to 30% flourish. What consumers need to know about getting a low rate.

Money

Summer deals on cars include 0% to 3% rates, even as Fed is expected to push rates higher

July 11, 2023Susan Tompor, Detroit Free PressComments Off on Summer deals on cars include 0% to 3% rates, even as Fed is expected to push rates higher

The average car loan rate was 9% for new car buyers in June but summer sales promotions bet that low rates like 0% to 3% can move 2022 and 2023 metal.

Money

Web scammers beware: New INFORM Consumers Act cracks down on fake goods sold online

July 6, 2023Susan Tompor, Detroit Free PressComments Off on Web scammers beware: New INFORM Consumers Act cracks down on fake goods sold online

Amazon, eBay and others will ‘collect, verify, and disclose identifying information’ about many high-volume sellers, as crackdown on crime begins.

Money

You may soon get an IRS letter promising unclaimed tax refunds. It’s a scam.

July 5, 2023Susan Tompor, Detroit Free PressComments Off on You may soon get an IRS letter promising unclaimed tax refunds. It’s a scam.

Scammers are sending unusual tax-related letters this summer, including one that IRS warns will boldly ask for a picture of your driver’s license.

Money

Your car may be worth a lot less than you owe. Here’s why trading it in could be harder.

June 21, 2023June 21, 2023Susan Tompor, Detroit Free PressComments Off on Your car may be worth a lot less than you owe. Here’s why trading it in could be harder.

Car buyers could increasingly run into something called “negative equity” as they try to trade in vehicles bought after pandemic pricing hit.

Money

Fake savings bond scheme leads to $50M in losses and issues for legitimate savers

June 19, 2023Susan Tompor, Detroit Free PressComments Off on Fake savings bond scheme leads to $50M in losses and issues for legitimate savers

Savers are shocked that some banks and credit unions changed the rules when it comes to cashing savings bonds. The reason? An uptick in phony bonds.

Money

Taylor Swift ticket scams are breaking fans’ hearts: How to verify tickets are real

June 18, 2023Susan Tompor, Detroit Free PressComments Off on Taylor Swift ticket scams are breaking fans’ hearts: How to verify tickets are real

Watchdogs warn that scammers selling tickets to Taylor Swift concerts and other events are crafty.

Money

That job or apartment listing may not be legitimate: How to watch for job and rental scams

June 18, 2023Susan Tompor, Detroit Free PressComments Off on That job or apartment listing may not be legitimate: How to watch for job and rental scams

Consumers who are looking for a place to live or a job are besieged by fake ads, phony texts and bad emails. Red flag: No one can meet you.

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Headlines

‘Big Hero 6’s San Fransokyo comes to life at Disneyland

August 31, 2023Eve Chen, USA TODAY

Velocity at what cost? MLB’s hardest throwers keep succumbing to Tommy John surgery

August 31, 2023Gabe Lacques, USA TODAY

Gadget guru or digitally distracted? Which of these 5 tech personalities are you?

August 31, 2023Jennifer Jolly

U.S. Embassy urges Americans to leave Haiti ‘as soon as possible’

August 31, 2023Kim Hjelmgaard, USA TODAY

PCE inflation report: Key measure ticks higher in July. What will the Fed do?

August 31, 2023August 31, 2023Paul Davidson, USA TODAY

USF is building a $340M on-campus football stadium amid concerns academics are being left behind

August 31, 2023AP

At 61, Meg Ryan is the lead in a new rom-com. That shouldn’t be such a rare thing.

August 31, 2023Patrick Ryan, USA TODAY

Iran bans weightlifter for shaking hands, taking photo with Israeli competitor

August 31, 2023Steve Gardner, USA TODAY

Blue supermoon: See photos of the rare moon that won’t happen again until 2037

August 31, 2023Francisco Guzman, USA TODAY

College professor harassed students to quench ‘clown fetish,’ offering extra credit, cash

August 31, 2023Chris Quintana and Colin Campo, USA TODAY
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