Category: Personal Finance
Personal finance and money management can be very confusing. Most people know that optimizing their finances is important but few feel confident that they have the knowledge to do so.
At Fioney we stay on top of the latest economic trends, financial products, and money management strategies in order to provide the knowledge to help you use the money you have today to live the life you want.
Learn to make your money work for you. Whether it’s getting debt free or buying a home we have you covered.
Personal Finance
Personal Finance
U.S. Economy Grows 2.1% in Q2 2019
With the United States economy currently enjoying its longest-ever expansion period, it would seem that each quarterly gross domestic product (GDP) report comes with enhanced emphasis. Thus this morning's release showing 2.1% growth for Q2 has been met with mixed reactions and analyses. For example, while the second quarter's 2.1% was a full point lower than Q1, it did "beat the street" as experts polled by MarketWatch had anticipated 1.9%...
Personal Finance
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
Roboadvisor Betterment Introduces Banking Features
It looks like another FinTech firm is expanding into the world of traditional banking services. In a press release roboadvisor Betterment announced the launch of new savings and checking accounts. First up a waitlist for the Betterment Everyday Checking account is now open. These accounts will carry no overdraft fees or monthly maintenance fees and will also have no minimum balance requirements. Plus Betterment will reimburse all ATM fees worldwide...
Personal Finance
Robinhood Raises $323 Million for $7.6 Billion Valuation
The popular commission-free investment app Robinhood just received a major investment of their own. As CNBC reports, this week the company has announced it had it closed a $323 million Series E funding round led by DST Global with participation from Ribbit Capital, NEA, Sequoia, and Thrive Capital. What's more, the latest round valued Robinhood at an impressive $7.6 billion. According to Crunchbase, the Series E brings Robinhood's total funding...
Personal Finance
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
Mobile Bank Varo Money Refiles for FDIC Insurance
For years one of the big questions surrounding FinTech is whether startups could one day become their own independent banks. Although a few companies have attempted to obtain charters of their own, they've had varying levels of success — none of which have been overwhelmingly positive. However, as Crowdfund Insider reports, this week Varo Money reapplied for FDIC insurance, moving them one step closer to becoming a true bank. This...
Personal Finance
