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Saturday, April 19, 2014 - 8:55 PM
California Customers Hit With Expensive Del Taco Bill
Why I pay cash...

What was supposed to be a cheap bite at Del Taco turned out to be small fortune for some Southern California customers. About 150 people who ordered this week at the Mexican-style fast food chain in Santa Paula, 65 miles northwest of Los Angeles, were mistakenly charged thousands of dollars for burritos, tacos and soft drinks.

Calif. Customers Hit With Expensive Del Taco Bill - ABC News
ShorebreakShorebreak2,371 posts since
Apr 6, 2010
Rep Points: 12,648
Saturday, April 19, 2014 - 8:13 PM
21% Of Internet Users Have Had Banking Accounts Compromised
Unless a financial institution is negligent and compromises their customers information it is the responsibility of each consumer to insure that their accounts are secure through common sense precautions. Make sure one changes their passwords on a regular basis, have a firewall installed and active, and update anti-virus/malware software on a regular basis. Utilize credit card virtual numbers, such as available through Citibank, when available.
ShorebreakShorebreak2,371 posts since
Apr 6, 2010
Rep Points: 12,648
Saturday, April 19, 2014 - 8:00 PM
SS Will No Longer Forward Mail.
I remit quarterly estimated taxes and have four opportunities to notify the IRS of an address change.
ShorebreakShorebreak2,371 posts since
Apr 6, 2010
Rep Points: 12,648
Saturday, April 19, 2014 - 8:25 AM
How a Certificate of Deposit Can Help You Finally Save Up for a Home
 Not only are CD's a great and safe way to save but an important part of this article is the 20% downpayment. 
AllyAlly778 posts since
Jan 16, 2010
Rep Points: 2,266
Saturday, April 19, 2014 - 7:18 AM
Value Of The New Floating-Rate Notes (FRNs) From The Treasury
From the WSJ
In January, the U.S. Treasury began issuing floating-rate notes or FRNs, the first major innovation in U.S. debt since inflation-protected securities were introduced in 1997.

This new investment isn’t a bonanza, but it should enable some investors to earn a little more on their cash.

Read more
As mentioned in the article, top CDs are a better deal for most savers (Nice to see the WSJ columnist mention me and DA!).
Ken TuminKen Tumin5,442 posts since
Nov 29, 2009
Rep Points: 123,699
Saturday, April 19, 2014 - 6:56 AM
Stress-Test Your Retirement Portfolio
From MarketWatch.com:

http://www.marketwatch.com/story/stress-test-your-retirement-portfolio-2014-04-19?pagenumber=1

"The portfolio crash test “tells you what might happen [to your portfolio] under certain scenarios and it will tell you which parts of the portfolio are exposed to each scenario,” Satchkov said."

"How you mitigate the stress points is largely a matter of personal preference; it’s a function of how much risk you are willing and able to bear based on the financial situation."

I think that this is a worthwhile excercise, like a worst-case planning.  It should begin with an honest risk tolerance assessment.  Then the fundamental asset allocation (i.e., how much equity/fixed income).  Then to dynamically adapt your portfolio according to the anticipated stress events.
51hh51hh1,461 posts since
Jan 16, 2010
Rep Points: 6,351
Friday, April 18, 2014 - 9:13 PM
Horrible Online Bankind
KeyBank 1 stars (1 stars)
Online banking will show nothing except current balance. Stay away from this bank.
Prachit ShahPrachit Shah2 posts since
Apr 18, 2014
Rep Points: 2
Friday, April 18, 2014 - 9:11 PM
Worst Bank Ever
KeyBank 1 stars (1 stars)
They will show you offers and attract and when you open account they will say that you are not eligible coz of blah blah sometimes the most stupid reason.
Stuck with this bank for 6 moths . Worst decision ever made. Stay away go with real offers.
Prachit ShahPrachit Shah2 posts since
Apr 18, 2014
Rep Points: 2
Friday, April 18, 2014 - 8:14 AM
Customers Say They Care About Bank Fees, But Don't Show It
Banking customers may not be as aggressive as they think about avoiding fees. "It's surprising how little attention consumers are paying to their banking account at a time when we're being hit with an endless barrage of fees," says Gabe Krajicek, chief executive at Kasasa, an Austin Texas checking and savings account services provider.

Customers Say They Care About Bank Fees, but Don't Show It | Save | Get the best rates on mortgage, home equity loans, CD, money markets and checking accounts | BankingMyWay
ShorebreakShorebreak2,371 posts since
Apr 6, 2010
Rep Points: 12,648
Friday, April 18, 2014 - 8:09 AM
4 Banking Trends To Expect In The Next Decade
Considering the staggering changes in banking we’ve experienced over the last decade, it’s safe to say predicting what will happen next is like trying to guess who is going to win the World Series. We can make some educated guesses, but — to really hammer the metaphor home — there’s always a chance a curve ball is thrown our way. That said, a number of banking industry trends have emerged that say a lot about where the industry is going. And understanding where it’s headed can help better shape your finances today.

4 Banking Industry Trends Shaping the Future of Banks
ShorebreakShorebreak2,371 posts since
Apr 6, 2010
Rep Points: 12,648
AllyAlly778 posts since
Jan 16, 2010
Rep Points: 2,266
Thursday, April 17, 2014 - 2:45 PM
Out Of Ammo? The Eroding Power Of Central Banks
..."negative interest rates"... So we will have to pay the banks to have a checking account :)
dpandslemmendpandslemmen22 posts since
Feb 10, 2011
Rep Points: 109
Thursday, April 17, 2014 - 2:20 PM
Great Customer Service
Bank of Oklahoma 5 stars (5 stars)
Call me cynical, but here is another example of a general 5-star review appearing a few minutes after a critical one.
MidAtlanticMidAtlantic15 posts since
Jun 5, 2012
Rep Points: 67
Thursday, April 17, 2014 - 8:14 AM
What Readers Say About Long Term Care Insurance
City by City rates for long term care in 2014 by Genworth


Cost of Long Term Care: Long Term Care state maps 
AllyAlly778 posts since
Jan 16, 2010
Rep Points: 2,266
Thursday, April 17, 2014 - 3:33 AM
ATM Machine Lost Deposit & I Got The Run Around!!
Bank of Oklahoma 1 stars (1 stars)
Due to the size of my vehicle, I am forced to deposit my business checks into BOK's ATMs at their bank locations. The last time I went to deposit over a thousand dollars worth of checks; their ATM machine swallowed them up and got jammed. I immediately called customer service, who filed an ATM dispute and said he would have a supervisor call me. The next day, this supervisor called me and told me that the investigation into this matter could take as much as 45 days to resolve, but that I would be given temporary funds in the mean while. I told her that due to the business I am in, it would be very difficult to track down my customers if the checks got ruined by the ATM. She didn't even seem to care about my situation at all, but just asked if there was anything else she could do for me? Then I get this letter from BOK stating the same thing, only it gave me a number to call with a case number. I called them and went through the same thing with another lady who is an ATM analyst at BOK. She tells me that nothing could be done until the checks are collected at the end of the 30 day cycle by a third party service. They said it would be too expensive to send someone out to get MY checks out of the ATM machine. Then I mentioned that the ATM was jammed up and could not receive deposits at all now and asked if they are going to wait 30 days on this too? Well, this turned the whole matter around and she then decided to expedite the situation. After all, now, it wasn't just an unimportant customer with lost checks in their ATM. It was the fact that now the ATM wasn't getting money from anyone at all. Within a couple of hours, she called me back to tell me that the checks had been recovered and will be deposited into my account.

This tells me a great deal about how they value their customers and this customer is going to close up all my business accounts and move to another bank.
BJohnson01BJohnson012 posts since
Apr 17, 2014
Rep Points: 3
Wednesday, April 16, 2014 - 11:57 PM
best credit union
Navy Federal Credit Union 5 stars (5 stars)
My experience with this credit union over the past 7 years have been fantastic. They are very friendly and helpful, and they bring the best quality service to their members. In my 7 years of membership, I never suspected any fraud in my accounts, or worried that any funds might go missing.
DeAngieloDeAngielo1 posts since
Apr 16, 2014
Rep Points: 0
Wednesday, April 16, 2014 - 5:57 PM
Worst Bank Ever
PNC Bank, National Association 1 stars (1 stars)
PNC Bank has repeatedly been the worst bank Ive ever dealt with. I tried to post this review without any stars but I am unable to.

(Downtown Pittsburgh Branch) I had opened an account with them and received a direct deposit refund of $1600 from the IRS. When it was available, I began to make purchases. The next day I was astonished to find that my balance was negative a few hundred dollars due to eleven bounce fees totaling nearly $400! Upon calling the bank they told me that the funds were deposited and available, but they had a policy that I must wait 24 hours for the money to "clear." It was ridiculous! Available means available, and since when does a direct deposit need to "clear?" I went through customer service rep after supervisor after supervisor until finally people started asking, "How did you get this number? Were management, we don't deal with these things." After 2 hours, the final verdict came from a vice-president or a person of similar status who would reduce the fees to half and refused to allow me to speak with anyone else above her! I still refuse to pay them anything and have closed the account, but they still got away with several hundred dollars of my money.

(PNC Robinson Branch) As it has been a few years since, I forget the origin of why the check was given to me, I remember only that it was a refund issued from PNC bank. It was for a mere $12. When I attempted to cash it, they told me that there would be a $10 fee to cash it. Any other time, a cashing fee for non-members is expected, but being that the check was only $12 and was being refunded to me from a mistake on PNC's part, I found it unbelievable that they would not waive the fee! My only option was to have them cash it and give me $2. What a con, you refund me $12 only to take back $10 of it as a fee!

(PNC Sheraden Branch) Most recently, I was in a terrible car accident which left me with no car and barely able to walk. I had to hobble my way onto a bus to get to a doctor's appointment and found myself with just a hundred dollar bill. I painfully walked to a corner store near the bus stop and asked if they could break it, but they refused. Luckily, or so I thought, there was a PNC bank across the street. The cashier refused to give me change because I was not a member. I was visibly injured (my face was swollen, I was in a cast and on crutches) and I explained to her that I had to catch a bus in just a few minutes and that I was on foot. The corner store was unable to break it and that this bank was the only business within 3 miles. It was impossible for me to make it anywhere else and it was very important that I get to the doctor's office because the appointment was regarding the injury to my eye and it was threatening my vision. She strongly refused and told me that she could only make change for members, and that I could set up an account. I couldn't believe it. They're a BANK! What place should you go to to make change other than a bank! I certainly didn't have time to open an account before my bus came, and I certainly didn't want to based on past experience. Even though I was barely able to walk, she directed me to a bank branch that was over 5 miles away and told me to try there, otherwise I had to leave, because she was not going to make change for me regardless of my situation. I was completely appalled.

How can PNC bank treat people like this? Member or non-member, they simply just DO NOT CARE about you. As long as they make their money, then you do not matter. I was treated terribly by the bank before this most recent incident, but that teller's staunch refusal to simply make change for a badly injured person goes beyond a disregard for people, it was completely heartless. It's disgusting what this bank thinks it can do to people.

Ashley K.
Ashley KaniaAshley Kania1 posts since
Apr 16, 2014
Rep Points: 1
Wednesday, April 16, 2014 - 5:12 PM
10 Days To Clear A CHASE CASHIERS Check ??
For anyone still interested in this subject, my link basically gives the same info as #16's link and it has photos to make it easier to understand.  Both links are very informative concerning this subject so you have a choice or may read both.  We should all have gotten an education on Cashier's checks and Money Orders thanks to diamonddx bringing up the subject.  I think it has been a very interesting learning experience for anyone uneducated in this subject.
paoli2paoli21,142 posts since
Aug 10, 2011
Rep Points: 5,093
Wednesday, April 16, 2014 - 4:51 PM
DD Site Issues Solved For Me
I was also having problems with the site but did not have to clear cookies to get it working.  Ken and his techs were informed of the problem and got it fixed.  It seems to be working fine at this time.  Hope the problem is resolved.
paoli2paoli21,142 posts since
Aug 10, 2011
Rep Points: 5,093
Wednesday, April 16, 2014 - 10:34 AM
Changed My Mind!
Michigan State University Credit Union 2 stars (2 stars)
Walked into the Credit Union during my first week of my freshman year to only be treated with no respect like I was a 6 year old boy. That was the beginning to my problems then later turned into random charges that have taken months at a time to get back, to having NO ATM within my 1 mile radius of my apartment which is less than 1.5 miles away from campus. Every time I walk into the store there is only 1-2 people working and it has a bad, puke like, smell to it.
MattDeblouwMattDeblouw1 posts since
Apr 16, 2014
Rep Points: 2
Wednesday, April 16, 2014 - 8:57 AM
Return On I Bonds Set To Jump This Spring
Here's a little glimmer of hope for savers: the return on inflation-adjusted savings bonds is going to increase significantly over the next six months. Based on the latest Consumer Price Index released today, the U.S. Treasury will set the total return on Series I Savings Bonds to at least 1.82% for all bonds sold between May 1 and Oct. 31. That yield is better than you can earn on most CDs or money market accounts.

Return on I Bonds set to jump this spring | Interest.com
ShorebreakShorebreak2,371 posts since
Apr 6, 2010
Rep Points: 12,648
Wednesday, April 16, 2014 - 8:49 AM
Fake Credit Union Swindles $12.8 Million From Investors
On Friday the SEC charged an Indianapolis man, Timothy J. Coughlin, 63, “with conducting an Internet offering fraud in which investors lost millions of dollars by investing funds in a fictitious credit union.” The fake credit union, named Oxford International Credit Union, was the front through which Coughlin allegedly collected funds from more than 5,000 investors from all 50 states and the District of Columbia.

SEC Says Fake Credit Union's Ponzi Scheme Stole 12.8M
ShorebreakShorebreak2,371 posts since
Apr 6, 2010
Rep Points: 12,648
Wednesday, April 16, 2014 - 8:08 AM
More Bank Rules?
If the banks are going to need more capital, could this possibly mean they would actually need our deposits and maybe give us a bit higher interest rate to get the money?  Doesn't sound like Yellen is eager to give it to them at zero interest rates.
paoli2paoli21,142 posts since
Aug 10, 2011
Rep Points: 5,093
Wednesday, April 16, 2014 - 2:25 AM
Amazing Customer Service!!
Barclays 5 stars (5 stars)
I had planned to move an expiring CD from Alliant CU to Barclays, but I couldn't log on to my Barclays account. (My computer had been slow and weird for a couple of days.)

I called Barclays customer service and the phone guy went way beyond "bank teller" and walked me through clearing the cache on my computer and doing diagnostics and fixed my computer!! I logged on to my account and quickly set up my new CD.

Kudos to Barclays for going above and beyond.
carlycarly23 posts since
Sep 2, 2011
Rep Points: 81
Tuesday, April 15, 2014 - 4:33 PM
Heartbleed Makes 50M Android Phones Vulnerable, Data Shows
At least 4m Android smartphones in the US, and tens of millions worldwide, could be exploited by a version of the "Heartbleed" security flaw, data provided to the Guardian shows.   Worldwide, the figure could be 50m devices, based on Google's own announcement that any device running a specific variant of its "Jelly Bean" software – Android 4.1.1, released in July 2012 – is vulnerable.

Of the smartphones in use, only Android devices are vulnerable to this form of attack. Apple does not use the vulnerable version of OpenSSL on the iPhone or iPad, while Microsoft said that neither Windows Phone nor Windows is affected.

Heartbleed makes 50m Android phones vulnerable, data shows | Technology | theguardian.com


ShorebreakShorebreak2,371 posts since
Apr 6, 2010
Rep Points: 12,648
AllyAlly778 posts since
Jan 16, 2010
Rep Points: 2,266
Tuesday, April 15, 2014 - 10:39 AM
How Retirement Fees Are Straining The Middle Class And What We Can Do About Them
Many also may have IRAs with brokerages who insist they charge no fees or commissions yet one knows it has to be built into the account somehow.  You just don't have a way of actually knowing how much it all amounts to over the years.
paoli2paoli21,142 posts since
Aug 10, 2011
Rep Points: 5,093
AllyAlly778 posts since
Jan 16, 2010
Rep Points: 2,266
AllyAlly778 posts since
Jan 16, 2010
Rep Points: 2,266
Tuesday, April 15, 2014 - 8:47 AM
Social Security Halts Effort To Collect Old Debts
The SS and office still will continue to collect for the past10 years. The deficit will reflect this new policy. 
AllyAlly778 posts since
Jan 16, 2010
Rep Points: 2,266