financial

The Pandemic Is Changing Our Financial Lives, and What to Know About Refinancing Now

Welcome to NerdWallet’s SmartMoney podcast, where we answer your real-world money questions.

The pandemic is changing our financial lives and plans. Seven in 10 Americans say their household incomes have been affected by the COVID-19 pandemic, according to a recent Harris Poll survey commissioned by NerdWallet. So it’s not surprising that most plan to take financial action after the pandemic ends, such as increasing their emergency savings and trimming nonessential spending. We’re also concerned about the home buying process. People worry whether it’s safe to tour potential homes and wonder if they could sell their existing homes. Many aren’t sure they could make mortgage payments or worry about tying up cash in a home purchase.

One of the few silver linings of the pandemic is lower interest rates, which has led to an increase in refinancing and to this week’s question from Sarah. She writes, “My husband and I … Read More

Massachusetts Rep. David Nangle arrested for financial fraud, had gambling debts: FBI, IRS

Massachusetts Rep. David Nangle arrested for financial fraud, had gambling debts: FBI, IRS originally appeared on abcnews.go.com

When he wasn’t conducting state business as the longtime elected representative of communities north of Boston, David Nangle frequented casinos throughout New England, accumulating so much gambling debt that he turned to campaign funds to keep himself financially afloat, according to a 28-count indictment unsealed Tuesday.

Nangle, D-Lowell, was arrested Tuesday by the FBI and the IRS on charges of bank fraud, wire fraud, filing false tax returns and lying to a bank.

“Time after time he allegedly used campaign funds to pay for personal expenses, spending thousands of dollars on golf club fees, gas, gift cards, hotels, restaurants, flowers and rental cars for trips to casinos, some of which he had already been reimbursed for by taxpayers,” said the FBI’s Joe Bonavolonta.

When regulators asked about these expenses, prosecutors said Nangle “fraudulently

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