Target says it will no longer accept personal checks from shoppers as of July 15. The Minneapolis-based discounter confirmed the move in a statement to The Associated Press on Tuesday, citing "extremely low volumes" of customers who still write checks. It's another sign of how a once ubiquitous payment method is going the way of outmoded objects like floppy disks and the Rolodex. Target said it remained committed to creating an easy and convenient checkout experience with credit and debit cards, "buy now, pay later" services and the Target Circle membership program. Target's decision leaves Walmart, Macy's and Kohl's among the retailers that still accept personal checks at their stores.

The White House is moving forward with a proposal that would lower student debt payments for millions of Americans now and in the future. It's offering a new route to repay federal loans under far more generous terms. President Joe Biden announced the plan in August, but it was overshadowed by his sweeping plan to slash or eliminate student debt for 40 million Americans. Education Department officials on Tuesday called the new plan a "student loan safety net" that'll prevent borrowers from getting overloaded with debt. The Democratic president is moving forward with the repayment plan even as his one-time debt cancellation faces an uncertain fate before the Supreme Court.

WASHINGTON (AP) — The average long-term U.S. mortgage rate topped 7% for the first time in more than two decades this week, a result of the Fe…

NEW YORK (AP) — President Joe Biden's student loan forgiveness program. announced in August, will cancel up to $20,000 in debt per borrower. T…