Come January, the banking industry is going to be on Rep. Maxine Waters’ time. With Democrats taking control of the House of Representatives, the California representative is expected to become chairwoman of the powerful House Financial Services Committee, which oversees ...
Read More »Alexa, I can trust you with my checkbook, right?
Hey Alexa, what’s my bank-account balance? Big banks and financial companies have started to offer banking through virtual assistants — Amazon’s Alexa, Apple’s Siri, and Google’s Assistant — in a way that will allow customers to check their balances, pay ...
Read More »Cellphones, biometrics fuel jump in bank-account ownership
Roughly seven out of every 10 adults worldwide now have some form of a bank account, the World Bank said Thursday, largely due to the proliferation of cellphone-based bank accounts and other simple bank account programs in places such as ...
Read More »Federal regulators propose restrictions on payday lenders
Federal regulators are proposing a significant clampdown on payday lenders and other providers of high-interest loans, saying borrowers need to be protected from practices that wind up turning into “debt traps” for many. The Consumer Financial Protection Bureau’s proposed regulations, ...
Read More »Judge rules against American Express in antitrust suit
American Express violated U.S. antitrust laws by barring merchants from asking customers to use one credit card over another, a federal judge ruled Thursday.
Read More »LGBT baby boomers face tough retirement hurdles
Decades of workplace discrimination, an AIDS crisis that caused lasting financial and psychological damage, and legal pitfalls within Social Security, the cornerstone in any senior's financial planning, have left gay boomers ill-equipped for retirement.
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