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Joined: Jan 16, 2010Comments: 85
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Recent Community Posts

Couple Finds $23K Of Cash Hidden In Their House
Updated: Oct 23, 2016 by Ally6770  |  1 comment  |  Financial News

From the Daily Mail: A couple renovating their home got quite the surprise recently, when they found a stash of cash in a suitcase hidden in the ceiling read more

Offshore Voluntary Compliance Efforts Top $10 Billion; More Than 100,000 Taxpayers Come Back Into Compliance
Posted: Oct 22, 2016 by Ally6770  |  0 comments  |  Financial News

Updated data shows 55,800 taxpayers have come into the Offshore Voluntary Disclosure Program (OVDP) to resolve their tax obligations, paying more than read more

Report: Wells Fargo CEO John Stumpf Warned Of Widespread Fraud In 2007
Posted: Oct 19, 2016 by Ally6770  |  0 comments  |  Financial News

This is according to a CNNmoney article about a newly uncovered letter allegedly sent to Stumpf in Sept. 2007, only three months after the read more

A Guide To Getting Rid Of Your Big-Bank Checking Account - The New York Times
Posted: Oct 17, 2016 by Ally6770  |  0 comments  |  Financial News

Should I finally remove multibillion-dollar, profit-making corporations from my day-to-day financial life once and for all?

Court Ruling Likely To Increase CFPB Accountability
Updated: Oct 17, 2016 by Ally6770  |  1 comment  |  Financial News

Although the impact of this week’s appeals court ruling that found the CFPB’s structure to be unconstitutional are still being assessed, attorneys said read more

Here's How To Calculate Your Required Minimum Distribution From A Traditional IRA Or 401(K)
Updated: Oct 16, 2016 by paoli2  |  3 comments  |  Financial News

It's a familiar calculation for some DA readers, may be new but important info for others.  .    Failure to correctly calculate and read more

Keep This In Mind On Cyber Security Awareness Month
Updated: Oct 9, 2016 by Ally6770  |  1 comment  |  Financial News

Article provides a good example of going beyond usernames and passwords: After you have inputted your password, the site you are attempting to access will read more

Fed Indicator Puts Recession Odds At 19-Month Low At 12% - Marketwatch
Posted: Oct 8, 2016 by Ally6770  |  0 comments  |  Financial News

The U.S. economy as of September had a 12% chance of entering a recession in the next 12 months, according to an indicator compiled by the Federal read more

US Economy Added Only 156,000 Jobs In September
Updated: Oct 8, 2016 by Ally6770  |  1 comment  |  Financial News

The US economy added only 156,000 jobs in September, the US Department of Labor announced on Friday, a figure likely to be seized on as the presidential read more

Trump Discusses The Plight Of Savers And Low Interest Rates
Updated: Oct 8, 2016 by Bozo  |  47 comments  |  Financial News

Trump in an interview on CNBC says the low interest rates for savers and seniors is nothing less than discrimination. He said that for people who did read more

Trump Accuses Yellen, Fed Of Politicizing Interest Rates
Updated: Oct 2, 2016 by lou  |  9 comments  |  Financial News

During the debate last night Trump accused Yellen of not raising interest rates for political reasons. This is the second time he claimed the Fed is read more

Wells Fargo Settlement: Bank Illegally Repossessed 413 Service Members' Cars -
Posted: Oct 1, 2016 by Ally6770  |  0 comments  |  Financial News

The Justice Department said the illegal repossessions took place from 2008 to 2015. The first complaint came from an Army National Guardsman in North read more

How To Pick The Best Credit Card, Based On Rewards
Posted: Oct 1, 2016 by Ally6770  |  0 comments  |  Financial News

A new online comparison tool from Consumer Reports aims to help shoppers cut through the clutter. Plug in your monthly spending and it will cull read more

SEC: Supervisory Failures In UBS’ $548M Sale Of Complex Product
Posted: Sep 29, 2016 by Ally6770  |  0 comments  |  Financial News

Using new, big data investigative capabilities to identify broker-dealer misconduct, the SEC fined UBS $15 million for systematically failing to train its read more

3 Ways The Department Of Labor Is Helping Retirees-Marketwatch
Updated: Sep 28, 2016 by paoli2  |  23 comments  |  Financial News

1. Retirees will get better advice 2. Retirees will no longer pay for their adviser to go to Hawaii 3. Retirees will get a warranty

Credit Card Payments Surpass Cash Worldwide For The First Time Ever
Posted: Sep 27, 2016 by Ally6770  |  0 comments  |  Financial News

In 2016, consumers worldwide will spend about $23.2 trillion in card payment transactions and $22.6 trillion in cash.

The Old Fed Is Dead
Updated: Sep 23, 2016 by paoli2  |  6 comments  |  Financial News

The old Fed is dead. The notion that it could orchestrate economic growth within narrow bounds was excessively optimistic and unrealistic. It may be, as read more

OFR Monitor Shows Accelerating Shift To Government Money Market Funds
Posted: Sep 22, 2016 by Ally6770  |  0 comments  |  Financial News

The OFR’s Viktoria Baklanova and Daniel Stemp, lead researchers on the MMF Monitor, attribute the shift to the Oct. 14, 2016, deadline for i read more

Will The State Take Your Client's IRA? It Can
Posted: Sep 17, 2016 by Ally6770  |  0 comments  |  Financial News

Can the state really make off with your client's IRA? Yes! It's called escheatment and states have been using this tactic more aggressively to bring in read more

Robocall Strike Force
Updated: Sep 17, 2016 by Ally6770  |  7 comments  |  Financial News

Good intentions; certainly hope it succeeds. WASHINGTON (Reuters) - More than 30 major technology and communication companies said on Friday they are read more

Walmart Did Not Allow Debit Card To Be Used As Credit Card.
Updated: Sep 17, 2016 by Ally6770  |  9 comments  |  Miscellaneous

On 5/1/2015, I had 5 out of 12 Walmart transactions post as debits. You have to keep close track of your credit transactions or you may be read more

Deutsche Bank To Fight $14 Billion Demand From U.S. Authorities
Updated: Sep 16, 2016 by Shorebreak  |  1 comment  |  Financial News

Deutsche Bank (DBKGn.DE) said it would fight a $14 billion demand from the U.S. Department of Justice to settle claims it missold mortgage-backed read more

The End Of Social Security
Updated: Sep 15, 2016 by paoli2  |  7 comments  |  Financial News

Today's doom and gloom report: one famous economist, James Dale Davidson, boldly states… “We could see the end of Social Security as soon as 2017,  read more

Wells Fargo To Pay Around $190 Million Over Fake Accounts That Sparked Bonuses
Updated: Sep 15, 2016 by jimbeau  |  8 comments  |  Financial News

The Consumer Financial Protection Bureau has fined Wells Fargo $100 million for what it calls "the widespread illegal practice of secretly opening read more

Wells Fargo Exec Who Headed Phony Accounts Unit Collected $125 Million
Updated: Sep 13, 2016 by Shorebreak  |  1 comment  |  Financial News

When Tolstedt leaves Wells Fargo later this year, on top of the $1.7 million in salary she has received over the past few years, she will be walking away read more

Small Social Security Cost-Of-Living Adjustment Likely For 2017
Posted: Sep 13, 2016 by Ally6770  |  0 comments  |  Financial News

For example, consider a Medicare Part B enrollee who currently pays $104.90 per month for Medicare. If this individual were receiving a Social Security read more

6 Social Security Facts You're Probably Not Aware Of
Posted: Sep 10, 2016 by Ally6770  |  0 comments  |  Financial News

As noted above, the 2016 Social Security Board of Trustees report does anticipate the program will exhaust its $2.8 trillion-plus in existing spare cash read more

Buying Cds From Out Of Town And Maturity Problems
Updated: Sep 10, 2016 by paoli2  |  28 comments  |  Ask The Community

After all my years of purchasing CDs from all over the US, I have run into a problem which some may not be aware of.  It seems certain credit unions, read more

Why That Scuzzy ATM In The Back Of Your Favorite Dive Bar Is About To Disappear
Posted: Sep 10, 2016 by Ally6770  |  0 comments  |  Financial News

Starting in October, banks that issue credit and debit cards will no longer be solely responsible for fraud, according to MasterCard po read more

Heads Up, FICO: You’Ve Got Company | Money Talks News
Posted: Sep 7, 2016 by Ally6770  |  0 comments  |  Financial News

Despite the similarities, each company’s approach and its recipes — the formulas used to create a score — differ, sometimes a good deal.