Economics & Economy

NerdWallet is changing how we shop for financial products

Sep 19, 2018

NerdWallet is the personal finance website that helps consumers find, review and compare financial products. It's like a matchmaker between bank services and customers. The site uses more than 300 journalist and financial experts to provide details on credit cards, personal loans, taxes — anything money related.

On Aug. 21, 2014, Attorney General Eric Holder walked to a podium at the Department of Justice, flanked by government officials, and announced his agency had reached a record $16.6 billion settlement with Bank of America.“The largest civil settlement with a single entity in history,” he said.

After the dust settled on the Great Recession, financial institutions ended up paying over $200 billion in settlements to the U.S. government and people affected by the crisis. Some settlement deals broke records. But where'd that money go, and was it enough? As part of our ongoing coverage of the 10 years since the crisis, Divided Decade, we'll try to find out. Then: The federal government announced it will cap refugees entering this country at 30,000 next year, a record low. We'll look at Erie, Pennsylvania, one economy that relies on refugees to stay afloat.

Part of the tax law that was passed last year attempted to encourage U.S. companies that were holding earnings abroad to bring money home. Maybe companies might hire workers, increase wages or build factories.

We are well into 2018 and we are starting to see some repatriation.

President Donald Trump said in August he expected more than $4 trillion in overseas corporate profits to come flowing into the United States very soon. That's an unrealistic amount, said Michaele Morrow, associate professor of accounting at Suffolk University.

Canada is in no rush to join a new NAFTA deal

Sep 19, 2018

Canadian Foreign Minister Chrystia Freeland meets with U.S. Trade Representative Robert Lighthizer in the latest round of North American Free Trade Agreement negotiations on Wednesday. This comes a month after the United States and Mexico stuck a preliminary deal. But there are still some sticking points that need ironing out before Canada is ready to sign on to new agreement. 

Click the audio player above to hear the full story. 

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