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Cora Lewis

Cora Lewis

Fortune

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Buy now, pay later companies must give consumers the same legal rights and protections as credit cards, consumer agency says

The CFPB said that buy now, pay later lenders need to extend many of the same rights and protections as classic credit card providers. “Importantly,...

23.05.2024 30

Fortune

Cora Lewis

‘They get you hooked on having that money’: Meet a 60-year-old who pays interest to get cash between paychecks and has nothing left over

Sheri Wilkins calculates that she loses three hours of wages per week. "It’s fine and great to have it — to buy groceries and cigarettes — but...

03.05.2024 30

Fortune

Cora Lewis

A 60-year-old worker in Texas says she's dependent on apps that let her get paid early: 'They get you hooked on having that money'

Between 2018 and 2020, transaction volume on wage-access apps tripled from $3.2 billion to $9.5 billion, according to Datos Insights.

24.04.2024 20

Fortune

Cora Lewis

New FCC rules mean internet packages will soon have ‘broadband labels’ much like nutritional tags on food products

These broadband labels will provide easy-to-understand, accurate information about the cost and performance of high-speed internet service .

10.04.2024 40

Fortune

Cora Lewis

White people's real net worth outgrew Black Americans' by 30 percentage points in the pandemic, New York Fed study finds

“The gap between Black and white wealth in America is still too great,” said Treasury Deputy Secretary Walley Adeyemo.

10.02.2024 40

Fortune

Cora Lewis

Two-thirds of U.S. taxpayers say they spend 'too much' on federal income taxes, and few think they get good value from it: Poll

Most U.S. adults say they find either federal income tax or local property tax “unfair,” and about half say the same about state income tax and...

28.01.2024 9

Fortune

Cora Lewis

'If you don’t keep up, you’re knocked off': Bureaucratic requirements block hungry families from $400-a-month food benefit, advocacy groups charge

One-third of people receiving aid through the SNAP program lose out because of in-person interview requirements, according to one study.

16.01.2024 5

Fortune

Cora Lewis

‘Buy now, pay later’ plan use expected to boom this holiday season—and credit experts are ringing alarm bells about ‘loan-stacking’

The Fed and some analysts say key features of the plans can make borrowing too easy and saddle consumers with excessive debt.

22.11.2023 30

Fortune

Cora Lewis

Americans are sinking in debt as household expenses grow faster than income, new poll says. 'The economy is good on paper, but I’m not doing great'

About 2 in 3 Americans say their household expenses have risen over the last year, but only about 1 in 4 say their income has increased in the same...

27.10.2023 10

Fortune

Cora Lewis

A 38-year-old with $38,000 in student debt tells other generations, 'I highly recommend finding a way to avoid taking out loans'

"When you’re 17 or 18 years old, you think, ‘Oh, sure, I’ll figure this out.’ Then it's frustrating to still be in this financial situation."

30.09.2023 30

Fortune

Cora Lewis

82-year-old with more than $175,000 in student loan debt shocked to discover it's been forgiven

About 800,000 borrowers will have a total of $39 billion forgiven under a one-time adjustment granted by the Biden administration.

29.09.2023 6

Fortune

Cora Lewis

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