ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Charisse Jones | Economic Opportunity Reporter
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Happy Tuesday! It's Charisse Jones with your Daily Money headlines. |
Credit cards, car loans and mortgages make up much of the extra debt accrued during the roughly 3 1/2 years since the Trump administration first paused student loan payments to ease financial burdens brought on by the COVID-19 pandemic. And roughly 8% of student loan borrowers have had a tough time handling those additional expenses, the CFPB says. |
But there are things you can do to limit sticker shock come fall, including applying for a repayment plan that bases your student loan payments on your income, and trimming current expenses so you can have the cash you need when your student loans come due. |
Eviction moratoriums are about to end |
In a handful of cities, eviction moratoriums implemented to make sure people stayed housed during the pandemic continued even as the health and economic crisis waned. But that's about to change, and some small landlords say the end can't come soon enough. | Student loan payments are set to resume in October. Seth Wenig, AP |
Oakland, California's moratorium will end July 15, while Alameda County, home to Oakland as well as Berkeley, ended its eviction pause in April. Tenants will typically have to start paying again in August, but they can't be kicked out for owing back rent if they had trouble making payments because of financial struggles brought on by the pandemic. |
The Bay Area has some of the highest housing prices in the country, and tenants have fought for safeguards citing unaffordable rent hikes and at times, inadequate maintenance of their units. But many small property owners, particularly those who are people of color, say the eviction moratoriums sunk them into debt while tenants who were able to pay got to live in their homes for free. |
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If you love Oreos and Super Mario, life is about to get extra sweet. |
Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserv | | | | Many of the landlords were Black or Asian American and said the eviction bans saddled them with debt and foreclosure worries. | | | | Cash App users took to Twitter on Monday to complain about duplicate charges on sales and purchases when using the app's Cash Card. | | | | Without action, the gap between states' gas tax proceeds and their transportation budgets could reach $67 billion by 2050, according to one estimate. | | | | James Crown, who was 70, died in a single-vehicle accident at Aspen Motorsports Park in Woody Creek, the Pitkin County Coroner's Office said. | | | | Owners of businesses near the Alto Lee Adams Sr. United States Courthouse in Fort Pierce, Florida have mixed feelings about the trial. | | | | Edmunds.com and CarGurus.com each launch new ChatGPT plugins to make car shopping easier and friendlier for those who aren't car experts. | | | | The newest Oreos are randomly packed and can contain any of 16 different Super Mario character-adorned cookies. Plus they are Double Stuf. | | | | Ford's recall of almost 300,000 Explorer SUV's is under investigation by the National Highway Traffic Safety Administration. | | | | What to know as thousands of flights are delayed and canceled amid stormy summer weather in the Northeast. | | | | | | | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | | |
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