Legislators were disgusted to learn in the fall of 2022 that “the vast majority” of fooled Zelle consumers never received their money back, following years of criminals using this tactic to steal hundreds of millions of dollars from Zelle users by tricking individuals into authorizing fraudulent transfers. Regulators perceived Zelle as giving up its duty to monitor…
A plan to provide direct payments to citizens based on their state tax return status for the 2021 tax year was enacted by Alabama lawmakers on the last day of May. Those who filed under the married filing jointly status in 2021 would be reimbursed $300 in taxes. A $150 tax rebate will be sent…
“The Ramsey Show” recently highlighted a problem that many Americans encounter: retiring with little or no money. Jodi from Springfield, Illinois, contacted Dave Ramsey’s financial assistance show and sadly found herself in this position. “I feel ashamed to pose this query,” the fifty-year-old widow remarked. “I don’t plan to retire. I’m prepared to begin my retirement,…
This rule entails saving a substantial 20% for the down payment, financing the car for a maximum of four years, and ensuring that total monthly vehicle expenses do not surpass 10% of one’s gross income. In the realm of auto financing, understanding the average car payment is crucial to prevent financial strain. Financial experts often…
A $725 million Facebook settlement payment will be available for affected users following the data privacy breach allegations. $725 Million Facebook Settlement Payment is Coming to Affected Users Following Data Privacy Breach Allegations A $725 million Facebook settlement payment is coming to affected users following data privacy breach allegations directed towards the tech company, wherein…
The most tangible benefit is the additional income, with the average retired worker expected to receive an extra $59 per month in the coming year. The Social Security COLA for 2024 has been confirmed at 3.2%, bringing both positive and negative implications for beneficiaries This increase pales in comparison to the more substantial pay bump…
The closure of JCPenney Department Stores was confirmed in a hiring announcement, aligning with a growing trend among retailers to close doors on Thanksgiving due to the high costs of holiday pay and limited shopper engagement. JCPenney Department Stores is set to shut down all its hundreds of stores on Thanksgiving, allowing thousands of employees…
In 2024, Social Security benefits are scheduled to receive a 3.2% cost-of-living adjustment (COLA). The recipients will receive a small increase in income, which is the greatest obvious benefit. The average retired worker, for example, will get an extra $59 a month in 2019. Comparably, the most evident drawback is that in 2023 beneficiaries received…
JPMorgan Chase, Citibank, and the US banking industry as a whole are being criticized in a recent report for routinely “exiting” their most devoted clients. Almost 200 former Chase customers have complained to the New York Times, claiming that their account was canceled unfairly, causing uncertainty and financial instability. A broad bureaucratic security procedure intended…
Despite only 141,000 workers nationwide earning the federal minimum hourly rate in 2022, efforts to raise it face hurdles, with 20 states still adhering to the $7.25 benchmark. Utah, restaurateur Ken Rose highlights the increasing irrelevance of his state minimum wage, stuck at $7.25 for over a decade Rose, the owner of Tiburon Fine Dining,…