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Government watchdog looks to crack down on student loan servicers that deceive borrowers about public service loan forgiveness

The Consumer Financial Protection Bureau is scrutinizing how student loan servicers are engaging with borrowers about public service loan forgiveness.

2 years ago

Your unpaid taxes still accrue interest even though IRS suspends collection notices. Here are some payment options to consider

The IRS temporarily stopped over a dozen automated tax notices. However, your unpaid balance may still accrue interest. Here are your payment options.

2 years ago

Most investors don't need to worry about the alternative minimum tax hitting their muni bond holdings these days. Here's why

With a small share of taxpayers subject to the extra tax since 2018, it's unlikely that you'll benefit from being in an "AMT-free" muni bond fund.

2 years ago

With limited inventory due to a computer chip shortage, 82% of consumers are paying above sticker price for a new car

The average amount paid for a new car is $45,717, which is $728 more than the average manufacturer's suggested retail price of $44,989, new research shows.

2 years ago

Despite rising wages, 61% of Americans are still living paycheck to paycheck, report finds

Wages are rising but it's not enough. Nearly two-thirds of Americans are still living paycheck to paycheck.

2 years ago

Warren Buffett invests $1 billion in a crypto-friendly bank – maybe not ‘rat poison’ after all?

Fortune | Tristan Bove  | Feb 16, 2022 The superstar investor may be seeing an entirely different kind of opportunity in digital financial service providers like Nubank. Maybe cryptocurrency isn’t “rat poison” after all? Berkshire Hathaway has bought $1 billion worth of stock in a digital bank that focuses on crypto and made its crypto


The post Warren Buffett invests $1 billion in a crypto-friendly bank – maybe not ‘rat poison’ after all? first appeared on National Crowdfunding & Fintech Association of Canada.

2 years ago

Metaverse’s first major bank, JP Morgan, predicts US $1 trillion

Fintech Magazine | Kate Birch | Feb 17, 2022 JP Morgan has become the first bank to establish a presence in the metaverse, as it predicts a market opportunity of US$1trn and eyes virtual real estate JP Morgan has become the first bank to enter the metaverse, opening a lounge in the popular blockchain-based world,


The post Metaverse’s first major bank, JP Morgan, predicts US $1 trillion first appeared on National Crowdfunding & Fintech Association of Canada.

2 years ago

Canadian cryptocurrency exchanges ordered to cease dealings with convoy-linked accounts

City News Vancouver | Martin MacMahon | Feb 16, 2022 Cryptocurrency exchanges in Canada are being ordered by the RCMP to stop dealing with accounts suspected to have links to the anti-mandate convoy protest. A letter from police orders digital coin exchanges not to deal with accounts with suspected links to that movement, which has


The post Canadian cryptocurrency exchanges ordered to cease dealings with convoy-linked accounts first appeared on National Crowdfunding & Fintech Association of Canada.

2 years ago

Education Department forgives $415 million in student debt for borrowers who attended for-profit schools

Nearly 16,000 student loan borrowers who attended for-profit schools will get their debts cleared, the U.S. Department of Education announced.

2 years ago

Think banks, debt collectors need reform? The Biden administration wants to know

An agency policing consumer abuse and deception from banks, lenders and others wants to know how the public would reform financial rules.

2 years ago

Bezos' Blue Origin is building more rockets to meet 'robust demand' for space tourism, CEO says

Blue Origin CEO Bob Smith on Thursday said the company needs to build more of its New Shepard rockets to meet the demand from the space tourism market.

2 years ago

Carolyn Wilkins: to achieve benefits, crypto must be made as safe as Canada’s financial system

Financial Post | Carolyn Wilkins | Feb 16, 2022 If done well, we can achieve benefits of financial innovation for households and businesses and avoid build up of systemic risk We know that most of the new kids in town were law-abiding pioneers, some with an admirable rebellious streak. They were driven by reinvention, expansion and


The post Carolyn Wilkins: to achieve benefits, crypto must be made as safe as Canada’s financial system first appeared on National Crowdfunding & Fintech Association of Canada.

2 years ago

The ranks of these kinds of investors are poised for fast growth in the coming decade

Certain groups of U.S. investors, namely women and some new and affluent investors, are poised to grow in numbers in the coming decade, new research finds.

2 years ago

The cost of long-term care is rising amid staffing shortages. How to cover these expenses

The cost of long-term care has grown, with sizeable price hikes for home-based services. Here are some of the ways to pay for it.

2 years ago

Circle, the company behind the USDC stablecoin, doubles valuation to $9 billion in updated SPAC deal

Circle, the firm behind the stablecoin USDC, has doubled its valuation to $9 billion after a new deal with blank-check company Concord Acquisition Corp.

2 years ago