Category: La Finca

The approved amounts for EDD’s signature Job Training Incentive Program (JTIP) can assist up to 170 new trainees and interns and 51 current employees. Companies that applied during these two months are located in Albuquerque, Las Cruces, Los Ranchos, Milan, Roswell, Santa Fe, Santa Teresa, and Taos. 

Looking ahead, firms expect more significant cost increases in 2025.

Gov. Michelle Lujan Grisham announced today a partnership with BorderPlex Digital Assets, LLC that will position New Mexico as a leader in digital infrastructure to power the technology of tomorrow. 

This re-evaluation of probationary employees is being done across government, not just at the Defense Department, but we believe in the goals of the program, and our leaders are carrying out that review carefully and smartly.

Workers separated from employment from the federal government, federal contractors, or federal grantees are encouraged to apply for Unemployment Insurance.

Terminating these cooperative agreements results in about $15 million dollars in cost savings for hardworking Americans in fiscal year 2025.

Posing as employees of the Veterans Administration (VA), scammers contact veterans by phone, mail, email, and social media and offer to help them access or file for benefits on their behalf – for a fee.

The report shows total household debt increased by $93 billion (0.5%) in Q4 2024, to $18.04 trillion.

Oil supply risks have been widely considered among the top risks, reflecting uncertainty about OPEC quotas, access to Russian oil, widening conflict in the Middle East and disruptions of oil shipments.

The Survey of Consumer Expectations (SCE) contains information about how consumers expect overall inflation and prices for food, gas, housing, and education to behave. Source: Federal Reserve Bank of New YorkPhoto: Courtesy “The New York Fed DSGE Model Forecast—December 2024“, Liberty Street Economics, Federal Reserve Bank of New York NEW YORK—The Federal Reserve Bank of…

New Mexico’s Regulation and Licensing Department joined other states in securing settlements and an enforcement action totaling more than $200 million.

Do you need an original Social Security number or a replacement Social Security card?

ID theft can happen to anyone, but you can take simple steps to lessen the chance it will happen to you.

The New Mexico Economic Development Department and NewBridge Global Ventures (NewBridge) announced today that the Ag Tech company is planning a major expansion in the Estancia Valley to grow and integrate its farming, processing, manufacturing, and distribution businesses centered around industrial-scale hemp and CBD.

In this post, analysts from the New York Fed’s Center for Microeconomic Data (CMD) explore the relationship between credit card delinquency and changes in credit card utilization rates.

Taking a close look at the underlying data, the author suggests that the moderation in food inflation seen since 2023 is due to a retreat in commodity prices, a trend that has offset still-high wage inflation for grocery workers.

High prices and rising debt put pressure on household budgets this year, so it’s little wonder that the most-read Liberty Street Economics posts of 2024 dealt with issues of financial stress: rising delinquency rates on credit cards and auto loans, the surge in grocery prices, and the spread of “buy now, pay later” plans.

Global central banks and finance ministries hold an immense amount of U.S. dollar assets in their foreign exchange reserves, but the dollar’s overall share of those portfolios has decreased in recent decades.

In this post, the authors shed light on the function of “buy now, pay later” (BNPL) plans in users’ household finances, focusing on how usage varies by level of financial fragility. 

Although most economists and policymakers tend to focus on the decline in inflation (the change in prices), a large share of households—especially low-income households—remain focused on still-elevated prices and the resulting difficulties paying expenses. 

“Large credit card issuers too often play a shell game to lure people into high-cost cards, boosting their own profits while denying consumers the rewards they’ve earned.”

Drivers had to follow a complex process to access their funds, and when they finally did, they faced further delays or fees if they needed to transfer the money they earned into an account of their choice.

Rocket Homes pressured real estate brokers and agents not to share valuable information with their clients concerning products not offered by Rocket Mortgage, such as the availability of down payment assistance programs, which often save homebuyers thousands of dollars.

Since 2000, the number of trucks from Canada have been decreasing while in contrast the number of trucks from Mexico have increased.

The CFPB’s lawsuit describes how hundreds of thousands of consumers filed fraud complaints and were largely denied assistance, with some being told to contact the fraudsters directly to recover their money.

The report covers violations related to student loan refinancing, private lending and servicing, debt collection, and federal loan servicing.

When borrowers default on their federal student loans, the U.S. Department of Education (ED) can collect the debt. It can use forced collections, including tax refund and Social Security benefit offsets, and wage garnishment.

Today, the Consumer Financial Protection Bureau (CFPB) sued Experian, the nationwide consumer reporting agency, for unlawfully failing to properly investigate consumer disputes.

Take some time to review the privacy settings on your social media platforms and limit the amount of personal information you share publicly.

The agency’s final rule on overdraft fees applies to the banks and credit unions with more than $10 billion in assets that dominate the U.S. market.

The CFPB found that Performant delayed borrowers’ loan rehabilitation processes, generating fees for itself and costing individual borrowers thousands of dollars.

The CFPB sued Climb Credit for offering loans for educational programs that often were not vetted for quality and job placement success or that failed the vetting, despite Climb Credit making representations to the contrary.

The Consumer Financial Protection Bureau (CFPB) is distributing $1.8 billion to 4.3 million consumers charged illegal advance fees or subjected to allegedly deceptive bait-and-switch advertising by a group of credit repair companies including Lexington Law and CreditRepair.com.

The Justice Department, together with the Federal Trade Commission (FTC), today announced a civil enforcement action against Dave Inc. (Dave) and its co-founder, President, Chief Executive Officer and Chairman of the Board of Directors, Jason Wilk, for alleged violations of the FTC Act and the Restore Online Shoppers’ Confidence Act (ROSCA).