Category: 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.
Personal Finance News
Personal Finance News
Average Back-to-School Spending Expected to Rise for 2019
Even if the calendar and weather insist that summer is still here, make no mistake that back-to-school season has arrived. In addition to students preparing to employ their alarm clocks once again, many parents are prepping their wallets for the expenses that come with the new school year. In fact, according to a new study by the personal finance site WalletHub, parents are expected to spend more on school supplies...
Personal Finance News
Capital One Reveals Massive Data Breach
If you're a Capital One customer or have applied for one of the products in the past, you may be a victim in the latest major hack. This week, this bank announced a data breach exposed personal data for 100 million Americans as well as six million Canadians. The breach, which is being described as one of the largest ever, involved individuals who applied for the bank's credit card products...
Personal Finance News
Equifax Settlement Site Begins Accepting Claims
Earlier this week, the Federal Trade Commission (FTC) announced that Equifax had agreed to a settlement that would see the credit bureau paying out up to $700 million. This settlement is meant to compensate consumers and states that suffered damages due to the credit bureau's massive data breach that was made public in September of 2017. Now a website allowing those affected by the breach to file their claims has...
Personal Finance News
Equifax Fined Up to $700 Million Due to Data Breach
Nearly two years after Equifax announced that a data breach had exposed the information of approximately 147 million customers, the credit bureau has reached a settlement deal. This morning the Federal Trade Commission (FTC) announced that Equifax had agreed to pay at least $575 million and as much as $700 million to those impacted by the hack. According to the FTC's complaint, Equifax did not take reasonable steps to secure...
Personal Finance News
WalletHub Study Ranks States with Most and Least Student Loan Debt
As the 2020 presidential election primary season heats up, one of the most talked-about campaign issues has been student debt. In fact several Democratic candidates have revealed plans to cancel the student debts of millions of Americans. Meanwhile a reported 10.9% of all student loan accounts were at least 90+ days delinquent as of earlier this year. With all that, the personal finance site WalletHub recently released a study ranking...
Personal Finance News
Discover Bank Discontinues Fees For Deposit Accounts
To say that Americans don't tend to harbor great feelings toward large banks would be a bit of an understatement. Thus, while too-big-to-fail institutions continue to be known for increasing fees and decreasing services, online banks and FinTech startups have sought to offer an alternative. Now one major online-only bank is making another push to attract customers, doing away with several account fees. On Monday, Discover Bank announced it was...
Personal Finance News
