Author: Kyle Burbank
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Survey: 76% of Gen Zers Reports Experiencing Financial Stress
In conjunction with Financial Literacy Month, a new survey from Greenlight highlights financial stress and other money matters among those of different generations. About the survey: Greenlight recently surveyed 2,310 Americans ranging from ages 10 to 59 and asked them about their financial wellness. Specifically, the survey broke respondents into general groups, including Gen Alpha…
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Empower Financial to Acquire Petal
The popular credit-building card company Petal is being acquired. About the deal: Empower Financial (not to be confused with Empower, which acquired Personal Capital and rebranded it to Empower Personal Dashboard) has signed a definitive agreement to acquire Petal. Details of the deal were not disclosed. However, Empower anticipates the transition to close later this…
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How to Activate a Virtual Card Number on Apple Cash
In 2017, Apple expanded its FinTech aspirations by introducing a peer-to-peer payment account called Apple Cash. With this account, users could easily send and receive payments via iMessage. What’s more, while customers could elect to transfer received funds to a linked bank account, they could also be spent directly using Apple Pay. The only problem…
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Rocket Mortgage Announces AI-Powered Tool Rocket Logic
Rocket Companies has unveiled a new AI tool that it says will help makes mortgage underwriting faster and easier. About Rocket Logic: Rocket Mortgage is introducing Rocket Logic — a patented AI platform for mortgages. According to the company, Rocket Logic utilizes insights from more than 10 petabytes of proprietary data as well as 50…
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CLEAR and Amex Renew Partnership for Credit Card Perks
A popular credit perk will apparently be sticking around as CLEAR and American Express have renewed their partnership. About the deal: This week, CLEAR announced that its relationship with American Express had been extended. However, the terms and length of the deal were not disclosed in a press release. As a result of this established…
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Brim Financial Raises $85 Million as It Eyes Global Expansion
Toronto-based FinTech infrastructure startup Brim Financial has announced a new funding round. About the round: Brim has revealed an $85 million round. The Series C was led by EDC Investments while new investor Vistara Growth and returning investors White Owl Group, Epic Ventures, and Zions Bank also participated. To date, the company has now raised…
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SoFi Announces Cashback Rewards Boost for Credit Card
SoFi has unveiled a new perk for credit card customers, giving them the chance to earn a boost in their rewards. About the offer: Starting this week, SoFi Credit Card customers can earn a 10% boost on their rewards. This means that cardholders can earn 2.2% Rewards on purchases. Similarly, cardholders will earn 3.3% Rewards…
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Lessons From a First-Time Home Buyer: Living Outside City Limits
So, apparently I don’t actually live in Springfield. Despite our mailing address including Springfield and part of our backyard likely falling under the city’s jurisdiction, technically, we just live in Greene County, Missouri. This is something we only confirmed yesterday — although I had my suspicions before that. When we first came to tour this…
