finance | Connecticut Public Radio
WNPR

finance

Updated at 12:23 p.m. ET

A few years ago, money was very tight for Chasity Wohlford. The Houston resident, who was working a low-wage job, needed to fly to Colorado for a family emergency. She says a friend told her, "Oh, just go to this payday lender. It's super easy." But Wohlford ended up over her head in debt after taking out that loan.

Starting early last year, the nation's most powerful consumer protection agency sent examiners into companies that run student loan call centers to try to fix a troubled loan forgiveness program. But the Department of Education blocked the bureau from getting the information it needed, NPR has learned.

The Public Service Loan Forgiveness Program is designed to help firefighters, military service members, nonprofit workers and others. But thousands of people say they were treated unfairly and rejected.

Courtesy: Techstars

The latest class of start-up companies being fostered by Stanley Black & Decker at its Hartford accelerator will show off their innovations Monday, in an event the company calls Demo Day

Russ / Creative Commons

Standardized tests, application forms, campus visits. The path to college can be a daunting one, especially when you add tuition to the mix. Then, of course, there is the cost of room and board, meal plans, textbooks...feeling stressed yet?

This hour, we tackle the realities of affording a college education, and we also hear from you. Are you the parent of a college-age student? Are you, yourself, working toward a college degree? How has this impacted you financially...emotionally? 

A woman has been charged in connection with a hacking breach at Capital One bank that exposed information from more than 100 million credit applications over a 14-year period – what is thought to be one of the largest such attacks in recent years.

Authorities in Seattle have charged Paige A. Thompson, who also goes by the handle "erratic," with a single count of computer fraud. She appeared in court on Monday and is scheduled for a detention hearing on Thursday.

Nicole Leonard / Connecticut Public Radio

A strike threat by thousands of nursing home workers across Connecticut has been withdrawn after a large group of the nursing home facilities reached a new contract deal Friday.

Frankie Graziano / Connecticut Public Radio

The first Connecticut family to have a crumbling foundation repaired using a new state fund have moved back in to their home.

Frankie Graziano / Connecticut Public Radio

Many Americans are shocked by their 2018 tax refunds.

The Internal Revenue Service is reporting that the average refund is down 17 percent this year as compared to the same time in 2018.

Steven Millstein / Flickr

Saving money is not always an easy or fun thing to do on a consistent schedule. Bills can add up. Unforeseen expenses can take you by surprise. Luckily there are experts out there who can give you a hand when it comes to saving money and getting out of debt.

During a recent lunch hour in Springfield, Va., a medical assistant named Angela walked into a branch of Advance America at a strip mall and asked for a loan. She'd borrow $300 and promise to pay it back within 30 days, with an additional $73 in interest and fees.

This loan would help cover a family trip to New York, said Angela, who asked NPR not to use her last name for privacy reasons. She says she prefers payday loans because she doesn't trust herself with credit cards and she would rather not approach her family for help.

Frankie Graziano / Connecticut Public Radio

Governor Ned Lamont is leaning toward tolling of all vehicles in Connecticut, rather than concentrating on trucks as he said during the campaign.

Katie Harp / Pexels

Do you have credit card debt hanging over your head? Or maybe you've been thinking you should start saving for retirement, but you aren’t sure how to pay for it?

This hour we sit down with NPR correspondent Chris Arnold, who covers personal finance and consumer protection. NPR’s new family of podcasts, Life Kit, gives listeners practical tips for navigating life challenges from parenting to healthy eating. Arnold hosts Life Kit’s podcasts about money. They are all about figuring out how to get your finances in order in a fun and approachable way.

Frankie Graziano / Connecticut Public Radio

Legislators scrutinized the governor’s pick for commissioner of the Department of Economic and Community Development and senior economic advisor this week, highlighting his time as at the firm Goldman Sachs and the company’s role during the 2008 financial crisis.

The 2019 tax season is here. Have you filed your forms? If so, good on you for not procrastinating. If not, you might want to reconsider waiting until the last minute... because the U.S. tax code has changed.

This hour, we take an in-depth look at the 2017 Tax Cuts and Jobs Act and find out what it means for those filing taxes this year.

Later, Connecticut Public Radio’s Patrick Skahill takes us inside a UConn lecture hall, where students are learning the science of cultivating... get this... cannabis. 

Amar Batra / Connecticut Public Radio

The chief counsel to the state Senate Republicans has been fired after admitting misappropriating tens of thousands of dollars from an election expenses account. Michael Cronin was confronted Monday by the caucus leader, state Senator Len Fasano, after vendors complained of unpaid bills, and a check was bounced.

Patterns Emerge From Campaign Donor Listings

Oct 17, 2018
Amar Batra / Connecticut Public Radio

We can learn a lot from campaign finance reports.

In Connecticut's race for governor, they reveal that the three top contenders, Bob Stefanowski, Ned Lamont, and Oz Griebel, are all dipping deep into their own pockets to fund their campaigns. 

Ryan Caron King / WNPR

CVS has cleared the biggest hurdle in its plan to acquire Hartford-based health insurer Aetna. The deal was given the green light Wednesday by federal anti-trust regulators.

Paul Sableman / Creative Commons

It’s been ten years since the Great Recession reared its ugly head, lurching the country into a state of economic crisis. 

This hour, we look back and ask: What effect did the downturn have on the American public? And how did it come to reshape perceptions of the so-called ‘American dream’?

We check in with a senior researcher at the Pew Research Center. We also sit down with experts in the fields of economics and sociology. And we want to hear from you.

Whether you’re an immigrant or a native-born citizen, what do the words American dream mean to you? Is the answer to that question more or less clear now than it was a decade ago? 

Updated at 6:15 p.m. ET

President Trump asked his attorney general to stop Robert Mueller's special counsel investigation Wednesday morning, as the first trial stemming from that investigation entered its second day.

Paul Manafort, Trump's former campaign chairman, is on trial in Alexandria, Va., for bank and tax fraud charges, not, as Trump noted in a Twitter thread Wednesday morning, for "collusion."

c-George/iStock / Thinkstock

Whether you’re young or old(er), has retirement planning got you swimming in a sea of dollar signs and question marks? Have no fear!

This hour, we look at best practices to help keep your head above water and make the most of your financial future. 401(k)s, Roth IRAs… we check in with a certified financial planner and take your calls, tweets, and emails.

Plus: learning to save at an early age. We hear how a series of local “reality fairs” is teaching Connecticut’s high school students the value of financial literacy. 

Join the conversation on Facebook and Twitter.

Connecticut State Capitol
Jim Bowen / Creative Commons

Lawmakers heard arguments Monday against what critics say will be a disastrous new system of fiscal restraint in Connecticut. As the law stands now, bonds issued by the state from the middle of next month will include a guarantee to the bondholder - a so-called bond lock. 

Creative Commons

Connecticut is among the worst states in the country when it comes to being financially literate, according to a recent report by Champlain College.

jglazer75 / Wikimedia Commons

Connecticut finally has a budget.  

After nearly four months of gridlock amidst a growing fiscal crisis--the CT General Assembly last Thursday passed a bipartisan budget.

401k(2012) / Flickr

As our society moves further away from paper currency, we pause to look back at the once predominant form of payment. Its look, its feel and its smell all hold a place in the collective consciousness of our nation's history.

Chion Wolf / WNPR

The future of Connecticut’s only nuclear power plant is again in question. State officials are ordering a months-long review of the Millstone Power Station’s finances, while the station’s owner is indicating it may still decide to close the plant without immediate legislative support.

Remember Rhode Island’s disastrous deal with former Red Sox pitcher Curt Schilling? The state invested $75 million of taxpayer dollars in Schilling’s video game company 38 Studios and lost it all before a lawsuit clawed back most of the money. It was one of the worst financial decisions in Rhode Island history. Yet the company that served as the state’s financial adviser on the deal has continued doing business throughout the state.

Mamata.mulay / Creative Commons

We’re inching closer to the end of the fiscal year and Connecticut lawmakers at the state capitol still haven’t been able to reach a budget agreement. Meanwhile at the nation’s capitol, Senate Republicans are postponing a vote on their controversial health care bill.

This hour: a tale of gridlock in Hartford and Washington. 

NY State IPM Program at Cornell University / Creative Commons

The tick population in Connecticut is on the rise, and so is the threat of Lyme disease — and other tick-borne illnesses.

This hour, we hear the latest from medical professionals and policy makers about the need for new funding and research to battle a “growing tick problem” in the Northeast.

The credit rating for Massachusetts is now on par with most New England states. That's after a major credit rating agency downgraded the state's bonds.

CT-N

Health insurers who sell plans on the state’s exchange got a chance Wednesday to defend their request for hefty rate rises next year. 

Pages