If you have something to sell, and a buyer asks to pay using Venmo, you could lose both your money and your item. Jennifer Khordi is one of many who got scammed and wants to help others avoid her fate.
Venmo is designed as a way to make payments to friends, not for buyingRead More
The Federal Reserve has concluded its investigation into Wells Fargo’s decades’ long practice of pressuring employees to open fraudulent accounts in the names of its customers to inflate its quarterly figures and rack up service charges.
The Fed has capped Wells Fargo’s capital growth, meaning the bank can’t grow, until the FedRead More
Stock indexes plunged on Friday, with the Dow Jones industrial average falling by more than 600 points mid-day.
“The S&P 500 and the Dow are both on track for their biggest one-week declines in more than two years,” Reuters reports. NASDAQ is on track to post the worst week since November 2016.
California’s Inland Empire was hit hard by the 2008 crisis, with disproportionate foreclosures on poor and working-class families, leaving neighborhoods blighted by empty, vandalized homes.
But then a funny thing happened: the rents in these blighted neighborhoods started going up and up and up, so that now 63% of tenants are paying 30%Read More
Famously, federally insured banks and credit-unions won’t take deposits from the marijuana industry, even in states where marijuana sales have been legalized; this leaves the weed industry dealing all in cash, from safes in the basement to sacks of money delivered to the tax-office by armored car.
There’s an alternative: state-backed publicRead More
It’s been a whole day since we learned about another example of systematic, widespread fraud by America’s largest bank Wells Fargo (ripping off small merchants with credit card fees), so it’s definitely time to learn about another one: scamming mortgage borrowers out of $43/month for an unrequested and pointless “home warranty service” from AmericanRead More