Don’t let Blue Monday sink your finances

yda Productions/Shutterstock.com Blue Monday, said to be the most depressing day of the entire year, is upon us. The concept was first dreamed up by a British travel company, which calculated the timing of Blue Monday using an equation that takes into account weather, time since Christmas, debt levels and “time since failure to keep New…

Top MMAs to stash cash until things settle

PhotoAlto/Frederic Cirou/Getty Images This editorial content is not provided or commissioned by any of the referenced financial institutions or companies. Opinions, analysis, reviews or recommendations expressed here are the author’s alone, not those of any financial institutions or companies, and have not been reviewed, approved or otherwise endorsed by any such entity. All products or…

Zelle is the big banks’ answer to Venmo

Michael Heffernan/Getty Images If social-payments app Venmo is something you think is just for your kids, the big banks would like to have a word. A consortium of 19 banks and credit unions has formed a new payments network, named Zelle, that will allow consumers and businesses to transfer money instantly using their existing banking…

Wells Fargo’s CEO gives 0 days’ notice

Monica Schipper/Getty Images John Stumpf, CEO of Wells Fargo, is retiring effective now, 3 weeks after he apologized to the Senate Banking Committee for the bank’s unauthorized accounts scandal. Stumpf is replaced as CEO by Tim Sloan, who has worked for Wells Fargo for 29 years and was the bank’s president and chief operating officer.…

CFPB structure ruled unconstitutional

Director of the Consumer Financial Protection Bureau Richard Cordray testifies during a hearing before the Senate Banking, Housing and Urban Affairs Committee in April. On Oct. 11, a Federal appeals court slapped down the CFPB and ruled that the bureau is no longer independent. Alex Wong/Getty Images A Federal appeals court slapped down the Consumer…

Prepaid debit card protections coming soon

Hero Images/Getty Images Prepaid debit cards have exploded in popularity, despite the absence of many of the consumer protections assigned to bank accounts and credit cards. Now, the federal government has finalized new rules designed to make fees more transparent and to better protect consumers in case of loss or theft. The rules, announced Wednesday…

Dems plan big changes to banking

Aaron P. Bernstein/Getty Images Trying to decide whether to vote Democratic this year? Here’s what the party has united around when it comes to banking regulation. It probably comes as no surprise that, in a time of increasing polarization in America, the 2 major parties are far apart when it comes to what to do…

Clinton chooses Kaine as running mate

Alex Wong/Getty Images Virginia Sen. Tim Kaine is Hillary Clinton’s choice for vice president should the presumptive Democratic presidential nominee beat Republican Donald Trump in November. Kaine was one of a handful of prospects being considered by Clinton, including Sen. Elizabeth Warren of Massachusetts, Sen. Sherrod Brown of Ohio, Agriculture Secretary Tom Vilsack, Labor Secretary…

Goldman Sachs under spotlight in Malaysian fund scandal

NEW YORK, July 20 (Reuters) – Goldman Sachs’ work with Malaysian sovereign wealth fund 1MDB is under the spotlight over U.S. government allegations that billions of dollars were diverted for the personal use of officials in the southeast Asian country. SEE ALSO: Clinton has 3 blunt words as Trump becomes nominee The Wall Street bank…