Independent U.S. regulator for financial consumer protections
The Education Department has announced a two-year, temporary 1% reduction in interest rates for Direct Loans issued after July 2012, available to autopay borrowers through June 30, 2028. Eligible borrowers on autopay will see the discount automatically, with action required only for new enrollments by Sept. 30, 2026. The policy forms part of a broad overhaul of repayment plans under the One Big Beautiful Bill Act.
The Supreme Court has ruled that the president can remove leaders of most independent federal agencies, overturning the 1935 Humphrey’s Executor precedent, while carving out an exception for the Federal Reserve. The decisions leave Lisa Cook in place for now but open the door for presidents to exert new control over agencies such as the FTC, shifting regulatory power toward the White House.
Edmunds’ analysis has identified five strategies to cut the total cost of buying a vehicle. A 3-year-old used car averages $32,553 in June 2026, versus $48,899 for a new one. Buyers are advised to widen search areas, consider financing options, and maximize trade-in value to reduce upfront and long-term costs.
The analysis shows Americans face high credit card interest; several options—extra payments, consolidation loans, and personal loans—can reduce total cost and simplify payments, though risks and limits vary.
A new Empower analysis shows Americans’ net worth rises with age, reaching into the trillions for Silent and Baby Boomer generations. Younger generations trail, though 401(k) saving and IRA contributions are increasing. The shift signals a historic intergenerational wealth transfer that funds consumption and retirement across decades.