Maryland ranked 18th among states with highest credit card debt, WalletHub study

BALTIMORE, MD—With Americans having increased their collective credit card debt by a record $179.4 billion last year, and the grand total at over $1.1 trillion, the personal-finance website WalletHub this week released its report on the States with the Highest & Lowest Credit Card Debts. Maryland came in at No. 18 on the list.  Alaska was the state with the […]

NOW YOU KNOW: The 529 Savings Plan Debacle and how Marylanders can Regain Trust

The following is an op-ed piece from Delegates Kathy Szeliga and Ryan Nawrocki. During the 2023 Legislative Session, constituents regularly reached out to us on many hot-button issues to share their concerns, opinions, and frustrations – but nothing took up more time and energy than those parents whose Maryland 529 Savings Account Plans became seemingly useless. Many parents were stranded […]

Maryland ranked among 2023’s 15 Most Independent States, WalletHub report

BALTIMORE, MD—With Independence Day right around the corner and high inflation threatening Americans’ financial independence, the personal-finance website WalletHub this week released its report on 2023’s Most Independent States. Maryland came in at No. 15 on the list, with Utah leading the pack at No. 1.  Maryland was also previously named one of the most patriotic states in the U.S. […]

New Inflation Tracker: Cost of Maryland’s basics rising faster than CPI

BALTIMORE, MD—The cost of household essentials in Maryland has risen at a faster clip than inflation, leaving low-wage workers priced out of affording the basics, according to United Way of Maryland and research partner, United For ALICE. Over the course of 15 years, low-wage jobs didn’t keep up with the increased cost of essentials. Workers in retail sales, the most […]

Maryland Attorney General’s Office joins effort combatting elder financial abuse

BALTIMORE, MD—Maryland Attorney General Anthony G. Brown this week joined other state officials and consumer protection groups to launch PROTECT Week, a statewide awareness and public education campaign focused on protecting older Americans and vulnerable adults from financial exploitation. PROTECT Week is an annual initiative anchored around Elder Abuse Awareness Day, June 15th. One in five seniors over age 65 […]

Is the work/life balance a myth?

The following is a sponsored post from Freedom Federal Credit Union. Balancing a personal life with a career can be a lifelong struggle. Work obligations, stresses and interruptions can impinge on the time you spend with family, friends and pursuing your own interests. On the flip side, family and other personal obligations can interrupt work responsibilities and professional goals. Fortunately, […]

Attorney General Brown brings action against Coinbase

BALTIMORE, MD—Maryland Attorney General Anthony G. Brown’s Securities Division on Tuesday announced that it has filed an action against Coinbase Global, Inc. and Coinbase, Inc., ordering them to cease and desist violating Maryland law in connection with Coinbase’s cryptocurrency asset staking offerings. The Securities Division alleges that Coinbase offered and sold unregistered securities in a form that Coinbase calls “staking […]

How to avoid celebrity scams

The following is a sponsored post from Freedom Federal Credit Union. Celebrity scams prey on society’s trust in celebrities and the adulation many people have for the rich and famous. Unfortunately, celebrity scams are becoming increasingly common and can be challenging to spot. Here’s what you need to know about these scams and how to protect yourself from falling victim. […]