Personal Finance News
Stay ahead of the curve with the latest personal finance news. Our team of financial experts curates the latest news, trends, and analyses impacting your money. We’ll keep you informed on the stories that matter most to your financial well-being.
-
Ally Becomes Latest Bank to Discontinue Overdraft Fees
One of the most frustrating aspects of dealing with many banks is the dreaded overdraft fee. If customers accidentally spend more than is in their checking account, they may be assessed a charge of $30 or more. What’s worse, this fee is per transaction — with some institutions being accused of rearranging the order in…
-
Upgrade Introduces Rewards Checking Account
Recent years have brought a flurry of FinTech and so-called neobanks, presenting some attractive alternatives to consumers seeking more for their money. Unfortunately, with interest rates falling tremendously in the past year, the APYs that many of these accounts once offered have been decimated, leaving startups to find other means of luring customers. In that…
-
Verizon Announces Verizon Visa Card for Wireless Customers
Ever since Apple announced that it would be launching a credit card of its own, there has been a slew of brands introducing their own credit, debit, and savings products — including some seemingly left-field choices. The latest in the line-up is the U.S. wireless company Verizon, who has just unveiled the upcoming Verizon Visa…
-
Survey Finds Majority of Americans are Struggling to Reduce Debt Amid Coronavirus Crisis
If it weren’t already clear that the COVID-19 pandemic was hitting Americans in their pocketbooks, the latest edition of a financial literacy poll once again highlights some of the struggles consumers are having. The survey (conducted by Harris Poll) asked 2,000 U.S. adults about their current financial situation and what factors were impacting them. Headlining…
-
Life After a Pandemic: Americans Weigh in on Potential Financial Changes
With more and more states moving toward phased reopenings, how are taxpayers feeling about potential life after the pandemic — and what financial and lifestyle changes do they anticipate? That’s what a new survey from the site WalletHub aimed to answer. One major change that the current crisis could inspire is a move to more…
-
14% of Americans Report Tapping Retirement Savings During Crisis
During a time when most Americans are adapting to a “new normal,” they may also be making adjustments to their finances — including to funds they’d normally set aside for retirement. As part of the CARES Act, workers can now borrow a larger portion of their retirement savings (the lower of 100% or $100,000 versus…
-
62% of Americans Say the Current Crisis Has Hurt Their Finances
It’s no secret that the COVID-19 pandemic is taking a toll on the financial security of many Americans. Now a new survey by Quicken shows just how far-reaching and diverse those impacts have been. First, 62% of people have seen the current crisis either “severely” or “somewhat” negatively affected their personal finances — with 21%…
-
Credit Bureaus Currently Offering Weekly Online Report Checks
With the COVID-19 pandemic not only taking a toll on the health of citizens but also on their finances, this week it was announced that Americans will have greater access to their credit reports for at least the next year. From now through April 2021, consumers will be able to obtain their official credit reports…
