Author: Money Mechanics

Approximately 26 million people in the U.S. speak English less than “very well” and are considered to have limited English proficiency. To better understand how financial institutions are serving consumers in languages other than English, the CFPB recently engaged with industry associations, financial services providers, and other stakeholders. Through this engagement, we observed increasing recognition that consumers with limited English proficiency are an underserved market. Stakeholders described growing momentum for incorporating multilingual strategies in the financial services industry, largely driven by business considerations.Though the scale and scope of language services programs vary, the CFPB identified a diverse range of financial…

In January 2026, several changes to Social Security will take effect, impacting everything from credits and taxes to benefit checks and full retirement age (FRA) rules. Knowing about these updates ahead of time can help you be prepared for the year ahead and adjust your plans to make sure you collect the maximum benefit.These changes don’t only impact retirees — they impact current workers. Workers need to keep an eye on accumulating enough Social Security credits to get benefits, correct errors in their earnings record, and understand how much of their wages will be subject to the 6.2% Social Security…

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. July 15, 2025 Minutes of the Board’s discount rate meetings on May 19, June 9, and June 18, 2025 For release at 5:15 p.m. EDT The Federal Reserve Board on Tuesday released the minutes from its recent meetings to review and determine the discount rates provided to depository institutions through the discount window. Today’s minutes cover the Board meetings that occurred on May 19, June 9, and June 18, 2025. The Board’s process…

(Oil & Gas 360) – Don’t Miss The Energy Transition and Emerging Technology Session at EnerCom Denver – The Energy Investment Conference, celebrating its 30th anniversary this August! Registration is still available for EnerCom Denver – The Energy Investment Conference. The full schedule for the conference can be found at  www.enercomdenver.com. Login to join. In recent years, the Energy Transition and Emerging Technology session at EnerCom Denver has highlighted early-stage innovators and entrepreneurs working to reshape the global energy industry, tackling complex challenges, advancing technologies, and exploring new sources of energy.   EnerCom’s Energy Transition and Emerging Technology Session will…

Key Takeaways Tools like Claimable use AI to generate personalized appeal letters for denied health insurance claims.Claimable charges $40 per appeal regardless of the outcome, but free alternatives exist.Patient advocates recommend reviewing AI-generated appeals to catch errors. If your health insurance company has ever refused to cover a claim, you’re not alone. Nearly 20% of in-network claims are denied every year. Consumers appeal fewer than 1% of them. Now, a growing number of tools can help, using the power of artificial intelligence (AI). One startup company, Claimable, said it can generate custom appeals in under 30 minutes, helping cut the…

U.S. stock futures are ticking lower after indexes posted gains for a second straight week; U.S.-listed shares of Novo Nordisk (NVO) are rising in premarket trading after its weight-loss drug Wegovy was approved to also treat liver disease; shares of Dayforce (DAY) are soaring on a report Thoma Bravo is in talks to acquire the HR software firm; Winklevoss twins-owned Gemini becomes the latest crypto firm to file for an IPO; and meme stock Opendoor (OPEN) continues to climb. Here’s what investors need to know today. 1. US Stock Futures Edge Lower U.S. stock futures are ticking lower after indexes finished…

Key Takeaways With economic data sending mixed signals and stock valuations at historic highs, Wall Street could be headed for a rough patch, according to analysts at Evercore ISI. Evercore analysts argued in a note on Sunday that Fed Chair Jerome Powell’s speech at Jackson Hole, scheduled for Friday, could prompt stocks to retreat as much as 15%.Evercore recommends owning a core portfolio of AI enablers and adopters for the long term, supplemented by attractively valued stocks with strong earnings outlooks. Federal Reserve Chair Jerome Powell is slated to speak on Friday at the Fed’s annual gathering of central bankers…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.SoftBank’s billionaire founder Masayoshi Son held talks with Intel’s chief executive about buying its faltering contract chipmaking business in the weeks before Monday’s announcement that the Japanese company would invest $2bn in the US group’s shares.Son has met Intel’s Lip-Bu Tan since the latter’s appointment in March to discuss a potential deal, according to multiple people with knowledge of the talks, as the US company tries to find a solution for its advanced chip manufacturing business, which is struggling to compete with…

It’s a hot IPO summer as new listings make their long-awaited return to public markets. After a cool first half of 2025, the demand for Initial Public Offerings has exploded in Q3, with anticipated companies like Circle Internet Group Inc. (NYSE: CRCL) and CoreWeave Inc. (NASDAQ: CRWV) surpassing even the rosiest expectations upon their debut. And it doesn’t appear that momentum is slowing as several more promising companies are unveiling their listings.  Factors Contributing to the IPO Rebound in Q2 2025 A range of factors has kept the IPO market subdued recently. Not only was the macro-environment poor in the first…

Most people understand the risks of being a cosigner for a car purchase or lease. But how should you reply if a good friend or a close family member says, “Will you please be my guarantor — not cosigner, just a guarantor — for the apartment I would like to lease?”Is there a difference?”Mr. Beaver,” “Nick” began in his phone call, “I’ve read your column for years and need some guidance. My nephew, ‘Mitch,’ is 42 and has a horrible credit score. He had difficulty in the past paying bills on time, but recently cleaned up his act, has a…