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MyChesCo

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National

MyChesCo is committed to keeping our readers informed about the latest national news. We work hard to provide stories that are relevant to our local audience. Our National News section is updated daily, so you can be sure you’re always up-to-date on the latest developments. In addition to National News, you can also find sections for Local News, Sports, Business, and more. MyChesCo.com is your one-stop shop for all the news that affects your life in Chester County. Whether it’s politics, business, or entertainment, MyChesCo has you covered.

Mortgage denied
National

Mortgage Market Meltdown: Skyrocketing Costs Slam Borrowers as Lending Craters

December 17, 2024December 16, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Consumer Financial Protection Bureau’s (CFPB) 2023 annual report on residential mortgage lending highlights a sharp decline in mortgage activities and rising costs for borrowers. The report, based …

Mortgage Market Meltdown: Skyrocketing Costs Slam Borrowers as Lending Craters Read More

Internal Revenue Service (IRS)
National

IRS Strategic Operating Plan Achieves Billions in Recoveries, Enhances Taxpayer Support

December 17, 2024December 16, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Internal Revenue Service (IRS) has provided a quarterly update to its Strategic Operating Plan, outlining pivotal milestones in enforcement, taxpayer services, and digital transformation, aimed at modernizing …

IRS Strategic Operating Plan Achieves Billions in Recoveries, Enhances Taxpayer Support Read More
cash, money, funds
National

CFPB Closes Overdraft Loophole, Saves Consumers Billions

December 16, 2024December 16, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has finalized a new rule aimed at reforming overdraft practices at large financial institutions. This action targets banks and credit unions with …

CFPB Closes Overdraft Loophole, Saves Consumers Billions Read More

Banknotes
National

FTC Begins $72 Million Refund Distribution to Fortnite Players

December 16, 2024December 16, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Federal Trade Commission (FTC) announced that it has commenced the distribution of refunds totaling over $72 million to consumers affected by deceptive practices employed by Epic …

FTC Begins $72 Million Refund Distribution to Fortnite Players Read More
Consumer Financial Protection Bureau
National

CFPB Penalizes Performant Recovery for Unlawful Debt Collection Practices

December 16, 2024December 16, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has taken decisive action against Performant Recovery, Inc. for engaging in unlawful practices involving student loan debt collections. Performant’s actions caused significant …

CFPB Penalizes Performant Recovery for Unlawful Debt Collection Practices Read More

Older adults
National

IRS Issues Reminder on Required Minimum Distributions and Highlights SECURE 2.0 Act Updates

December 16, 2024December 16, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Internal Revenue Service (IRS) has issued a notice to retirement account owners aged 73 and older, reminding them of the deadline to take required minimum distributions (RMDs) …

IRS Issues Reminder on Required Minimum Distributions and Highlights SECURE 2.0 Act Updates Read More
Consumer Financial Protection Bureau Requests Information on the Impact of the CARD Act Regulations on Small Entities and the Consumer Credit Card Market
National

CFPB Launches Rulemaking to Address Financial Abuse Through Credit Reporting

December 16, 2024December 16, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has announced a new rulemaking initiative to tackle inaccurate credit reporting tied to financial abuse. This move is poised to help survivors …

CFPB Launches Rulemaking to Address Financial Abuse Through Credit Reporting Read More

Real estate trends
National / Real Estate

Foreclosure Crisis Eases Nationwide – But These States Are Still Struggling!

December 15, 2024December 15, 2024 - by Timothy Alexander

IRVINE, CA — ATTOM’s November 2024 U.S. Foreclosure Market Report revealed a total of 29,390 foreclosure filings, which include default notices, scheduled auctions, and bank repossessions. This marks a 5% decline …

Foreclosure Crisis Eases Nationwide – But These States Are Still Struggling! Read More
Senator Bob Casey
National

Bob Casey’s Departure Marks the End of an Era in Disability Advocacy

December 13, 2024December 13, 2024 - by Maryann Pugh

WASHINGTON, D.C. — U.S. Senator Bob Casey (D-PA) closed a historic chapter in his political career this week, chairing his final hearing of the Senate Special Committee on Aging. Known as …

Bob Casey’s Departure Marks the End of an Era in Disability Advocacy Read More
Housing
National / Real Estate

Homebuyers Defy High Rates in Stunning Market Surge—What’s Driving the Comeback?

December 12, 2024December 10, 2024 - by Timothy Alexander

SEATTLE, WA — Redfin’s Homebuyer Demand Index has climbed to its highest level since September 2023, signaling a steady rise in housing market activity. The index, which tracks home tours and …

Homebuyers Defy High Rates in Stunning Market Surge—What’s Driving the Comeback? Read More

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