BALTIMORE, MD—With Americans having increased their collective credit card debt by $52 billion last year, and the grand total at around $1.3 trillion, the personal-finance website WalletHub this week released its report on the States Where It Will Take the Longest to Pay Off Credit Card Debt. Alongside this report, WalletHub also released its Financial Insecurity Survey, which examined the […]
BALTIMORE, MD—Americans hitting the road for the Independence Day holiday can expect to see significantly lower gas prices, with the national average projected to fall to $3.15 per gallon. This marks the lowest July 4th gas price since 2021, according to a forecast released Monday by GasBuddy. The anticipated price is nearly 35 cents lower than last year’s July 4th […]
WASHINGTON, DC—The Federal Reserve on Wednesday maintained its benchmark interest rate, signaling two potential rate reductions later this year despite revised projections for higher inflation and slower economic growth. The Federal Open Market Committee (FOMC) kept its key borrowing rate targeted in a range between 4.25% and 4.5%, a level it has held since December. Markets had widely anticipated no […]
GREENBELT, MD—A Maryland man has been sentenced to prison in connection with a scheme to fraudulently obtain more than $1.2 million in federal relief loans. U.S. District Judge Deborah L. Boardman has sentenced Denish Sahadevan, a/k/a “Danny Devan,” 32, of Potomac, to three years in federal prison, followed by three years of supervised release, for wire fraud, aggravated identity theft […]
BALTIMORE, MD—With the overall consumer debt exceeding $17.3 trillion in Q3 2023, the personal-finance website WalletHub this week released its rankings of the States with the Largest & Smallest Debt Increases. Maryland came in at No. 6 on the list. Hawaii topped the list with California coming in at No. 2. To determine the states with the largest and smallest […]
BALTIMORE, MD—Maryland Attorney General Brian E. Frosh has announced that his Securities Division has collaborated with the Commodities Futures Trading Commission (CFTC) and 29 other states in filing a complaint in the U.S. District Court for the Northern District of Texas alleging related companies Metals.com and Barrick Capital, Inc. solicited $185 million from retirement-age investors, including at least $3 million […]
WASHINGTON, DC—The Federal Reserve on Thursday took additional actions to provide up to $2.3 trillion in loans to support the economy. This funding will assist households and employers of all sizes and bolster the ability of state and local governments to deliver critical services during the coronavirus pandemic. “Our country’s highest priority must be to address this public health crisis, […]
BALTIMORE, MD—After coronavirus fears led to a stock market free-fall last week, the Federal Reserve is taking action. Here in Maryland, new reports suggest that up to seven residents are now being tested for COVID-19. Six people have died from coronavirus in Washington state and at least 100 others are sick. The Maryland Department of Health now reports that 7 […]