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Melrose CU Fires CEO KaufmanBy: Ken Tumin5 commentsFormer Valor Credit Union CEO Pleads GuiltyBy: Francis12 commentsUS Job Creation Rebounds Strongly In JuneBy: Shorebreak3 commentsIs 3% The New 4% Spend Down Rate?By: Ally67703 comments

All Financial News Articles


Posted by: Ken Tumin  |   2 votes  |  Comment

Banks encourage online bill payment, but still advise customers to balance their checkbooks.

Posted by: cumulus  |   5 votes  |  1 Comment

The Social Security and Medicare Trustees reports 

Posted by: Ken Tumin  |   6 votes  |  5 Comments

Melrose CU, Briarwood, N.Y., one of several area credit unions suing the Taxi and Limousine Commission of New York City related to taxi medallion loans that have read more

Posted by: Ken Tumin  |   3 votes  |  Comment

The Federal Reserve is expected to hold interest rates steady at its meeting next week and refrain from signaling about a possible September rate hike due to read more

Posted by: Ken Tumin  |   3 votes  |  Comment

Some useful info from Clark Howard's website:If you have an old life insurance policy that you've been paying the premiums on for years, it can be difficult to know read more

Posted by: cumulus  |   4 votes  |  Comment

Since the time she was hired as a bookkeeper at the $2 million SCICAP Credit Union in 1978, Linda Lee Clark began stealing from the cooperative in the small rural read more

Posted by: Shorebreak  |   5 votes  |  Comment

Mark Johnson, the company's global head of foreign exchange trading was arrested on Tuesday night and is due to appear in court later. A former colleague, Stuart read more

Posted by: Shorebreak  |   6 votes  |  Comment

The Fed's mission is accomplished -- unless it has some ulterior motive. Thursday we saw jobless claims hovering near a 40-year low, so employment is thriving. read more

Posted by: Ken Tumin  |   3 votes  |  1 Comment

First, you were supposed to die at 85. Then 90. Now 95 and even 100 are common defaults when financial planners tell people how much to save for retirement. Except read more

Posted by: Carpline  |   3 votes  |  Comment

The former CEO of the $231 million Valor Federal Credit Union is facing up to 60 years in prison after pleading guilty to bank fraud and attempted bank fraud read more

Posted by: Ken Tumin  |   3 votes  |  Comment

Unfortunately, there aren't many ways to avoid taxes when you cash in EE bonds. This USA Today article describes one way that probably won't help 98% of savers read more

Posted by: Ken Tumin  |   2 votes  |  Comment

Federal prosecutors alleged a Michigan woman ran a $145 million check kiting scheme that victimized the $137 million TruNorth Federal Credit Union in Ishpeming, read more

Posted by: cumulus  |   5 votes  |  1 Comment

Owners may not always know their recalled vehicle still needs to be repaired. NHTSA's new search tool lets you enter a Vehicle Identification Number (VIN) to read more

Posted by: Francis1  |   4 votes  |  2 Comments

Sean Jelen, former Valor CEO pleads guilty to Federal charges of bank fraud. 

Posted by: Ken Tumin  |   5 votes  |  Comment

The BLS reported this morning: The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 0.6 percent over the last 12 months to an read more

Posted by: Ken Tumin  |   3 votes  |  Comment

We all know that the Federal Reserve would really like to get inflation back up to 2% or so in order that they may get on with raising interest rates so that we get read more

Posted by: cumulus  |   6 votes  |  1 Comment

I've always liked Kevin On Investing posts so (although no earth shattering news here) would expect several of you will find this worthwhile. Also Kevin makes a read more

Posted by: Shorebreak  |   3 votes  |  Comment

The U.S. Consumer Financial Protection Bureau said on Thursday that Santander Bank (SAN.MC) would pay $10 million to settle charges that it engaged in illegal read more

Posted by: Ken Tumin  |   2 votes  |  Comment

Police said several people wearing masks attacked dozens of ATMs operated by Taiwan's First Bank on Sunday. They spent a few minutes at each of the machines before read more

Posted by: Shorebreak  |   5 votes  |  Comment

The Chinese government likely hacked computers at the Federal Deposit Insurance Corporation in 2010, 2011 and 2013 and employees at the U.S. banking regulator read more

Posted by: Ken Tumin  |   2 votes  |  2 Comments

The Federal Reserve is "very sensitive" to the strength of the dollar, a top Fed official said on Wednesday, because even though manufacturing and exports have read more

Posted by: Shorebreak  |   4 votes  |  Comment

In the past few years, consumers could be forgiven if they got the impression that banks didn't want them as customers. It seems like it's been one new fee after read more

Posted by: Ally6770  |   4 votes  |  Comment

Doughty faces up to 30 years in prison and a fine of $1,000,000.00 for each of the ten counts of conviction. Under federal law, each defendant will be required to read more

Posted by: Ally6770  |   3 votes  |  3 Comments

In monetary terms, Blanchett said for a 50-50 portfolio, that means what was once a 93% success rate of not outliving your money is now only a 56% success rate, read more

Posted by: Shorebreak  |   5 votes  |  3 Comments

The US economy created 287,000 jobs in June, rebounding strongly from disappointing growth in May. The figure was much stronger than forecast, and the dollar and read more

Posted by: cumulus  |   3 votes  |  Comment

It's human nature to complain about constraints on our freedom mandated by Congress. Required Minimum Distributions - RMDs - are no exception. But if you're going read more

Posted by: cumulus  |   6 votes  |  Comment

WASHINGTON - The House on Wednesday passed legislation to help banks and brokers report financial abuse of senior citizens more easily, part of efforts to rein in read more

Posted by: Ken Tumin  |   3 votes  |  2 Comments

From the Credit Union Times Timing and luck allowed a former manager to get away with embezzling nearly $500,000 over 17 years from a small Pennsylvania credit read more

Posted by: Shorebreak  |   3 votes  |  Comment

Federal Reserve policymakers decided in June that interest rate hikes should stay on hold until they have a handle on the consequences of Britain's vote on EU read more

Posted by: Ally6770  |   7 votes  |  Comment

Why do we buy the extended warranty in case the $300 television breaks, but we fail to buy disability, health and life insurance in case our body breaks? Why do read more

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