Personal Finance

Senator Kirsten Gillibrand, D-N.Y., is proposing legislation aimed at putting an end to current payday lending practices by giving some banking services a new home: the U.S. Post Office. The legislation, called the Postal Banking Act, would make retail banking services available at all U.S. Postal Service locations. That amounts to 30,000 post offices nationwide.
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The revelation may bring new scrutiny to LendEDU, which started in 2014 and describes itself as a marketplace for private student loans, student loan refinancing, credit cards and other financial products. LendEDU’s reports have also been featured in many publications, including CNBC, The Wall Street Journal and Bloomberg. LendEDU ran advertisements on Student Loan Report’s
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When planning for health-care costs in retirement, it pays to factor in a particular worst-case scenario: An earlier-than-anticipated workforce exit. A new analysis from Fidelity Investments estimates that a healthy, 65-year-old couple retiring this year will need $280,000 to cover their health care costs in retirement. For individuals, the projection is $133,000 for a man
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New York Attorney General Eric Schneiderman announced on Tuesday that he is investigating at least 13 cryptocurrency exchanges, including the popular platform Coinbase. “Too often, consumers don’t have the basic facts they need to assess the fairness, integrity, and security of these trading platforms,” Schneiderman said in a statement. Schneiderman said he hopes to make
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Starting this week, some consumers may have a higher credit score. Because of improved standards for utilizing new and existing public records, the three major credit reporting companies are now excluding all tax liens from credit reports. That means some scores will head higher, for some by as much as 30 points. Credit scores, notably
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