Wednesday’s need-to-know money news

Today’s top story: Fed point fingers as ‘Debt Relief’ companies prey on student loan borrowers. Also in the news: Distressed borrowers say student debt help was anything but, why investors care about rate hikes, and why your credit cards shouldn’t retire when you do.

Feds Point Fingers as ‘Debt Relief’ Companies Prey on Student Loan Borrowers
Looking for easy targets.

Distressed Borrowers Say Student Debt Help Was Anything But
Compounding a problem.

Why Investors Care About the Fed (and Rate Hikes)
The impact on investments.

Credit hit: Why your credit cards shouldn’t retire when you do
Building credit is still important.