Finance

Mortgage Rates Inch Up Slightly But Remain Under 7%, According To Freddie Mac Survey

Mortgage Rates Inch Up Slightly But Remain Under 7%, According To Freddie Mac Survey

CHICAGO — Mortgage rates saw a slight uptick this week, but they remain under the 7% threshold, providing a sliver of stability in an ...

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Chicago Minimum Wage To Increase July 1, Along With New Rules For Paid Time Off

Chicago Minimum Wage To Increase July 1, Along With New Rules For Paid Time Off

CHICAGO — A wave of new labor protections will roll out across the city starting July 1, as Chicago raises its minimum wage and ...

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Illinois Budget Leaves $770M Gap for CTA, Risking Major Transit Cuts in 2026

Illinois Budget Leaves $770M Gap for CTA, Risking Major Transit Cuts in 2026

CHICAGO, IL — The Chicago Transit Authority is facing a $770 million budget shortfall, and the newly approved Illinois state budget provides no new ...

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Illinois Delays Credit Card Fee Ban as Banks Push Back

Illinois Delays Ban on Credit Card Fees Amid Legal Pushback from Banks

SPRINGFIELD, IL — A landmark Illinois law that would prohibit banks and credit card companies from charging processing fees on sales taxes and tips ...

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ComEd Rate Increase Starts June 2025: What It Means for Your Bill

ComEd Rate Hike Takes Effect in June—Here’s Why Your Electric Bill May Be Higher

CHICAGO, IL — Many Chicagoland residents can expect to see higher electric bills this month as ComEd implements a rate increase that officially took ...

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Cook County’s 2024 Property Tax Multiplier Finalized at 3.0355

Cook County’s 2024 Property Tax Multiplier Set at 3.0355, Raising Concerns for Homeowners

CHICAGO, IL — Cook County property owners are preparing for the impact of the Illinois Department of Revenue’s newly announced 2024 equalization factor: 3.0355. ...

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Illinois Lawmakers Pass $55 Billion State Budget — But Transit Crisis Still Looms

Illinois Lawmakers Pass $55 Billion State Budget — But Transit Crisis Still Looms

SPRINGFIELD, IL — Illinois lawmakers narrowly passed a $55 billion state budget before the spring session ended, avoiding a shutdown—but failed to approve a ...

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Social Security Garnishment Resumes for Student Loan Defaulters

Student Loan Defaulters May See Social Security Checks Garnished Starting This Month

Borrowers who have defaulted on federal student loans could soon see a portion of their Social Security checks garnished. Starting June 2025, the Department ...

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South Shore Tenants Get $50K, Move-Out Extension from Dangerous Apartments

South Shore Tenants Receive $50K and Time Extension to Relocate from Dangerous Apartment Buildings

CHICAGO, IL — Dozens of tenants living in two dangerously deteriorated apartment buildings in South Shore will now receive $50,000 in court-ordered assistance and ...

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Illinois Still Seizing Home Equity Despite 2023 Supreme Court Ruling

Illinois Continues Seizing Home Equity Despite Supreme Court Ruling, Leaving Vulnerable Homeowners at Risk

CHICAGO, IL – Despite a unanimous Supreme Court decision in 2023, the state of Illinois is continuing practices that strip homeowners of entire property ...

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