New York attorney general sues Capital One for cheating savings depositors
Photo: Jmswllms0 The big banks are at it again. Capital One marketed its “360 Savings” accounts as “high interest” accounts
Investments
Crypto-related products are still risky, despite acting FDIC chair’s enthusiasm to allow banks to sell them
The Trump administration is moving swiftly to set up a system so consumers can buy crypto-related products from banks. What
Edward Jones fined $17 million by state regulators for mutual fund overcharges
Photo: Mr. Satterly Edward Jones has agreed to pay $17 million to settle charges following a four-year investigation by 14 state
Top 10 consumer and personal finance stories of 2024
It’s been quite a year, 2024, in many, many ways. Consumers have been pushed and pulled, then slammed to the
8 tips for beginning investors
By Edrain Blasquino, Guest Author Writer and Educator Nearly half of U.S. adults aren’t invested in the stock market, often
Be careful when using nonbanks
Consumers are used to depositing their money in banks and savings associations, which are insured by the Federal Deposit Insurance Commission. However, some consumers are opening accounts these days with nonbank financial companies, usually online or through mobile apps, such as technology companies providing financial services.
On this day of love, be wary of romance scams
It breaks my heart every time I see a story on television about a romance scam. The people, often older women, have been taken in by fast-talking scammers who have honed their skills in carrying out big romance lies. Right now, as I’m writing this, I’m listening to story on TV about a woman who lost $100,000 to a romance scam.
Steps for how to begin growing savings
Do you have accumulated debt, maybe from student loans, credit cards, car loans, or overspending? Are you savings money for the future? Although a lot of people struggle with saving, it’s possible to gradually building small savings into large sums. Here are some ways to help you begin to save or build up your savings, offered by the FDIC.
Don’t fall for precious metal schemes targeting seniors
Do research if you’re considering buying silver coins. Precious metals dealer Safeguard Metals LLC and Jeffrey Ikahn have settled a lawsuit that alleged they engaged in a $68 million fraudulent scheme that targeted the seniors. Between October 2017 and July 2021, Safeguard and Ikahn deceived more than 450 customers nationwide.