Chris Arnold
Stories
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Business
Record gas prices hit working class Americans with inflation already surging
With each passing day the disruption of oil markets related to Russia's invasion of Ukraine pushes up gas prices in the U.S. to a new record.
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National
Americans on low incomes are hit harder by high gas prices due to the war in Ukraine
Gas prices are hitting record highs in the U.S. amid Russia's invasion of Ukraine. That's got a lot of people on modest incomes worried as inflation is already making it tough to scrape by.
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National
First-time homebuyers are getting squeezed out by investors
With a historic shortage of homes for sale, investors making cash offers are pushing first time homebuyers out of the market.
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Business
It's not just home prices. Rents rise sharply across the U.S.
Renting a place to live is getting a lot more expensive, according to a survey that tracks rental listings across the biggest 50 U.S. cities.
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National
Consumer groups want the FDIC to ban rent-a-bank loans with rates that can top 100%
With the Trump-era head of the FDIC stepping down, consumer protection groups see an opportunity to put an end to "rent-a-bank" loans with sky-high interest rates.
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Business
Consumer groups hope the FDIC will crack down on rent-a-bank schemes
With a top Trump-appointed banking regulator stepping down, consumer financial protection groups say the new head of the FDIC should crack down on lenders charging interest rates of 100% or more.
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National
Home prices rose faster than ever in 2021. The typical home gained $50,000 in value
For first time homebuyers it was one of the hardest years ever to afford a house. But homeowners saw tremendous gains in housing wealth.
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National
People hate overdraft fees. Capital One is ditching them and other banks may follow
One of the nation's biggest banks says it will stop charging overdraft fees to all of its customers. These hefty fees hit people with low incomes the hardest. More banks could follow suit.
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Arts & Life
22 tips for 2022: When it comes to saving money, a roommate is worth 1,000 coffees
If you're looking to overhaul your budget, it's best to focus on bigger categories — like housing or transportation — rather than all the almond milk lattes.
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Business
In a hot market, you can buy a home with cash — even if you don't have a lot of it
A cash offer is hard to beat. It used to be that only wealthy people and investors had the money. But now some lenders are helping the rest of us do it too, even if you don't actually have the cash.