Fioney Staff
Fioney aims to help guide you to make the best decisions when it comes to the ever changing worlds of personal and small business finance.
Personal Finance News
WalletHub Highlights "Scary" Financial Survey Results
by Fioney Staff
If you were awakened by a few bumps in the night, it may have been the sound of the Federal Reserve dropping interest rates again — or it could just be that today is Halloween. Although the holiday is often associated with such terrifying sights as zombies, ghouls, and goblins, such fictional beings are no match for the real-life horrors that often haunt us. Chief among those fears for many?...
Economic News
Grocery Chain Reverses Swipe Fee-Related Visa Card Ban
by Fioney Staff
After months of turning away Visa cards at their Foods Co. and Smith's locations in several states, the chains' parent company Kroger has announced that Visa will once again be accepted at all of its stores. Although a spokesperson for the company confirmed the news to Business Insider, they declined to comment on the reason for the reversal. Previously the company accused Visa of charging "excessive" fees on transactions and...
FinTech News
Credit Karma Debuts High-Yield Savings Product
by Fioney Staff
If you've ever wanted to check your credit score for free online, there's a great chance you've encountered Credit Karma. Started in 2007, the site has not only become a leader in the space but has also grown into one of the largest FinTech operations in the U.S. with a valuation of more than $4 billion. Now the company is trying something new, rolling out a high-yield savings product to...
Small Business News
BlueVine Introducing Small Business Banking
by Fioney Staff
Over the past few years, the concept of online lending for small businesses has continued to grow. In turn, many of these FinTechs have expanded the scope of their operations to serve entrepreneurs in other aspects of their finances. The latest of example of this comes from BlueVine, who today is introducing a small business checking account it hopes will offer entrepreneurs a better home for their funds. BlueVine Business...
Economic News
Study Ranks States Best-Equipped to Weather a Recession
by Fioney Staff
If you've been paying any attention to financial news over the past several months, you've undoubtedly heard talk about a potential recession on the horizon. With the United States currently in its longest-ever period of economic expansion, it's only logical to speculate on when our good fortunes might taper off. But, if a recession were to arrive in the next year, what parts of the U.S. would fare the best?...
Personal Finance News
American Express Unveils Refreshed Green Card
by Fioney Staff
It's now been 50 years since American Express first debuted its Green card. To mark the occasion the company has announced a major overhaul for the card including new rewards and benefits for customers. Plus the card is getting a slightly different name, officially changing from the "American Express Green Card" to "Green from Amex." The first big changes are that the card will now offer 3X points for two...
FinTech News
OCC's FinTech Charter Plans Struck Down by Judge
by Fioney Staff
Ever since the Office of the Comptroller of the Currency announced plans to offer FinTech startups special purpose national bank charters, the move has been marred in controversy. In addition to criticism from politicians, those plans led to lawsuits being filed by state regulators and the Conference of State Bank Supervisors alike. Now a judge has sided with those detractors, declaring that the OCC does not have the right to...