Ten Hacks to Reduce the Cost of Driving
Ten Hacks to Reduce the Cost of Driving
The virtue of fintech starts with its ability to reduce friction. The best innovations solve problems that needed to be fixed. Nonetheless, we need to be very mindful about getting it right.
Americans are not saving enough. What are some principal reasons behind their struggles?
There are fewer returns so far this year. More people are doing their own taxes. Refunds are smaller. People are using direct deposit more and more often.
You can grow a money tree. It just takes some time and a lot of persistence. I suggest you try to make savings an automatic thing. Put your savings on cruise control.
NetSpend has decided to opt out of offering overdraft on its prepaid debit cards. Stay tuned for something new - like a demand deposit account with optional overdraft services.
On April 1st, the CFPB's new prepaid card rule becomes the law of the land. NetSpend, the company that earns $80 million per year in overdraft fees, will have to stop.
Connecticut’s insistence on three withdrawals is an outlier, and given how the economics of payroll cards work, it probably is the reason that few payroll card providers will offer their products in the Nutmeg State.
Some people think they cannot get a bank account if they have bad credit. I am here to tell you that you can get one, even if you are listed on ChexSystems.
How to understand what data the credit bureaus use to determine your credit score.
When our system for evaluating the creditworthiness of consumers fails to account for the payment histories of 26 million Americans, we have a systemic problem. It’s time to utilize payment of utility bills and telephone records to bring the credit invisibles into the financial marketplace.
Consumers should understand some of the shortcomings of the Direct Express Card. We compare some of the better options out there.
Employers should expect to have to provide some guidance to J-1 workers about how to get a bank account.
Financial health for everyone means reducing the use of overdraft fees and high-cost credit to satisfy short-term emergency expenses.
Living from paycheck-to-paycheck is hard, but if workers could access their pay early, fewer would have to resort to high-cost short-term credit.
Latino immigrants want to protect their Social Security number. However, if you have an SSN, you must use it when you apply for a bank account.
The IRS can change where it sends your tax refund. Contact them with your new bank account details.
The opportunity for fintech to improve financial health is real. Unfortunately, innovation outpaces regulation. We need to articulate a fintech regulatory regime that allows people to benefit from technology without compromising their privacy.
Answers to a few of the questions that people asked me this week: transferring money, understanding when banks pull credit, and how to use surcharge-free ATMs.
And Friday may be National Tax Refund Day! Let's review the details on why.
You can save money by sending dollars internationally from within accounts held at the same bank. If not, Wal-Mart may be your best bet.
This tax season, the IRS has implemented a new rule that changes when children with disability benefits can qualify as a dependent for EIC means testing. The net result is that some low-income tax filers, particularly those with larger households, may receive smaller tax refunds this year.
Are you surprised to hear that banks earn billions in overdraft fees every year?
You need to pick the right bank account when you leave prison. Make sure your bank won't take advantage of you with lots of fees.
How you can manage to transfer money inside an app from a debit card.
True, a Refund Advance Loan is marketed as free, and technically, it is free. But most people will still pay a fee to access their money. Why is Lowe's involved with RALs in the first place?
We haven’t found a fix for some payment situations.
We need to be careful with the use of big data in loan underwriting.
With the right bank account, you could receive pay early by direct deposit.
Internet payday loan lenders will ask you to grant them access to your checking account. It is the only way they can collect. If you believe that the lender intends to withdraw funds that you do not owe, then your only option is to close your checking account. Here's what you must do.
In its consent order against Mark Corbett, the CFPB demonstrated how someone could create real harm to our veterans. But when it only applied a penalty of $1, the CFPB failed to do its duty.
The CFPB's new rule on prepaid debit cards has compelled NetSpend to terminate its overdraft protection service.
It depends. Every bank has its limit, but who you are and what you are depositing is also a factor.
Explaining the meaning of the deposit insurance used for prepaid debit cards.
When a person returns from incarceration, he or she should sign up for a bank account.
When people are struggling with their finances, it can undermine their mental health.
The things I learned about money when I spoke with some inmates at a federal correctional facility.
Bottom line – the best solution for most people will not be to earn more, but to spend less.
A review of how states regulate the final payment of wages when workers leave their jobs.
A class action lawsuit against NetSpend has been settled. Approximately 430,000 account holders will share $10 million in refunds as a result of a settlement with the FTC.
If your worker lies about losing a paycheck, it may be a part of a costly scam. If he or she goes ahead and cashes the check, employers might owe a stop payment fee, an insufficient funds fee, and the full face value of the check.
Why payroll cards can help solve the problem of the unbanked.
Your bank has reasons for turning down some applications for checking accounts.
Una guía para ayudarte a hablar de dinero en español.
A glossary of financial terms in English and Spanish.
A national research firm provides details on the loans offered by non-bank lenders.
If you attempt to use a prepaid debit card to buy gas at a pump, your card may be declined and your balance may fall to zero. Here's how to avoid that problem.
Many Americans will retire without the money they need to support themselves.
I like the envelope system. It works. But it is cash-only. The prepaid debit cards with sub-accounts maintain its best features but give a person the convenience of digital transactions.
Young consumers like to use general-purpose reloadable ("GPR") cards. Here's some data on their usage.
Ninety-eight percent of employers who try direct deposit discover that they like the service. Here, we explore what is holding back the other two percent.
If we want to improve the financial health of lower-income households, we have to understand the value of product design.
Saving is rarely top-of-mind. That’s why it's better to put your savings plan on auto-pilot.
I stopped them sooner because I use an app to manage my account.
Many visually-impaired people live without a bank account. Several technologies have come to market recently which will enhance the ability of these individuals to manage an account.
Nowadays, it is possible to get a bank account with your phone in minutes.
Too many people work in low-wage jobs where there is little or no chance of receiving a raise.
We compare how much check cashers can charge.