A battle between retailers and financial institutions is likely to spill over into Congress this week. The Senate is expected to vote on a bill sponsored by Jon Tester (D-Mont.) that would delay the implementation of a 12-cent …
Banking
Will Banks Target the Unbanked Next?
During the recession, the number of people categorized as unbanked — without a checking or savings account — or underbanked — without access to credit — increased. In a new study, consulting firm KPMG suggests that banks can make money from this group, not by bringing them back into the financial mainstream, but by offering them …
The State of the Economy, Investing, Housing, and Brazilian Bikini Waxes
Among other surprising factoids, 44% of Americans say they'll never put money in the stock market again.
Half of Americans Can’t Raise $2K in 30 Days
A quarter wouldn't be able to come up with $2,000 at all, and another 19% would have to pawn or sell some of their possessions to do so.