Financial News

06
Sep
Study Shows How People Feel About – and Deal With – Money and Debt

According to a study completed by Northwestern Mutual, people find the most happiness when their finances are settled. Money can influence powerful emotions in people. In fact, the vast majority of people find that being on solid financial ground makes them feel better or happier than anything else. Still, it’s no surprise that debt is a […]

Posted in: Financial News,
17
Jul
Beyond the App: Venmo Launches New Debit Card

With the help of Mastercard, Venmo will soon be rolling out its own physical debit card.  If you’re looking for more ways to use Venmo, the popular payment app recently introduced a Venmo Mastercard debit card. The company was beta-testing this feature last fall, according to a previous LendEDU report.Linked to a consumer’s Venmo account, the […]

Posted in: Financial News,
21
Jun
Scammers Get Busted for Targeting Small Businesses

Operation Main Street: Stopping Small Business Scams revealed that said scams have become a prevalent issue in the U.S. A recent law enforcement initiative led to 24 actions against individuals or groups who were allegedly attempting to scam small businesses.The results from Operation Main Street: Stopping Small Business Scams were recently revealed in a joint announc

Posted in: Financial News,
15
Jun
Free Credit Freezes on the Way to Help Protect Consumers from Fraud

Starting on September 1st, consumers will be able to land credit freezes and longer fraud alerts. Beginning Sept. 21, consumers can land free credit freezes and longer fraud alerts under a new federal law aimed at protecting people’s credit. The law is called the Economic Growth, Regulatory Relief, and Consumer Protection Act according to the FTC.When […]

Posted in: Financial News,
01
Jun
The CFPB Seeks Input on Consumer Complaint Database

Consumers interested in voicing their opinions over the CFPB complaint database have until June 4 to express them. Consumers interested in voicing their opinions about the CFPB complaint process have a June 4 deadline. In an effort to assist the Consumer Financial Protection Bureau (CFPB), the agency is asking for comments and information from “interested parties”

Posted in: Financial News,
16
May
Why the Majority of Small Business Owners Don’t Apply for Funding

According to a BMO Wealth Management Study, 60 percent of small business owners never try to secure grants or loans. Small business owners don’t take advantage of the funding available to them when it comes to focusing on innovation. In fact, 60 percent of small business owners don’t even try to pursue small business capital, whether […]

Posted in: Financial News,
11
May
Collective Student Loan Debt Passes $1.5 Trillion

A new report found that the total outstanding student loan debt in the U.S. has risen over $1.5 trillion. Outstanding student loan debt is on the rise, edging past a collective $1.5 trillion, according to the Board of Governors of the Federal Reserve’s statistical release on consumer credit.The first quarter of 2018 showed outstanding student loan debt [&hellip

Posted in: Financial News, National News, Student Loan News,
07
May
Interest Rates Stay Steady, But Possible Rate Hike in June

On May 2, the Federal Reserve opted to hold interest rates at their current level instead of increasing them. The Fed expects a recent upswing in inflation to hold steady and will help increase borrowing costs come June.What the Increase in Inflation MeansWhile the Fed acknowledged inflation was increasing, it didn’t appear concerned about what […]

Posted in: Financial News,
01
May
The Government Is Offering Free Seminars for Small Business Week

On April 29, the U.S. Small Business Administration (SBA) kicked off its National Small Business Week 2018 in Washington, D.C. Small business owners from anywhere in the country can pick up some free business advice through free online workshops.The SBA is the go-to source and voice for small businesses. Backed by the federal government, it […]

Posted in: Financial News,
28
Apr
Over a Million Minors Were Victims of Identity Fraud in 2017

A jury summons or a debt collector call might not be all that remarkable – unless it’s for your child. If that happens, it’s a sign they might be a victim of identity theft.In 2017, over 1 million children (1.48 percent of minors) were victims of fraud or identity theft according to Javelin Strategy & […]

Posted in: Credit Scores, Financial News,