Personal Finance Stories

Personal Finance Stories

The Wall Street Journal: Trump administration plans to hike premiums, put new limits on reverse mortgages

The Wall Street Journal: Trump administration plans to hike premiums, put new limits on reverse mortgages

The Trump administration is planning to raise premiums and place tighter loan limits on some borrowers in a mortgage program that helps seniors supplement their incomes.

American Express is making a major change — because of millennials

American Express is making a major change — because of millennials

AmEx will allow certain large credit card purchases to be paid via installments. It’s not necessarily a money-saver for consumers, but it’s catering to how millennials like to pay for things, according to Amex.