The Trump administration is moving swiftly to set up a system so consumers can buy crypto-related products from banks. What consumers need to know about these products is that they're highly risky due to the volatility in their price. Just because banks are going to offer them soon and there... Read more →

Photo: Mr. Satterly Edward Jones has agreed to pay $17 million to settle charges following a four-year investigation by 14 state security regulators. The investigation show that the firm didn’t adequately supervise situations where customers paid upfront commissions for Class A mutual fund shares and later moved the investments into... Read more →

It’s been quite a year, 2024, in many, many ways. Consumers have been pushed and pulled, then slammed to the ground with the election president who has a record of not acting in the interest of consumers. When he was president, Trump proposed doing away with the ability of states... Read more →

By Edrain Blasquino, Guest Author Writer and Educator Nearly half of U.S. adults aren’t invested in the stock market, often held back by the fear of losing money or the belief that investing is too complex. Maybe you’ve thought about investing but felt overwhelmed by the jargon, unsure of where... Read more →

Consumers are used to depositing their money in banks and savings associations, which are insured by the Federal Deposit Insurance Commission. However, some consumers are opening accounts these days with nonbank financial companies, usually online or through mobile apps, such as technology companies providing financial services. Read more →

It breaks my heart every time I see a story on television about a romance scam. The people, often older women, have been taken in by fast-talking scammers who have honed their skills in carrying out big romance lies. Right now, as I’m writing this, I’m listening to story on TV about a woman who lost $100,000 to a romance scam. Read more →

Do you have accumulated debt, maybe from student loans, credit cards, car loans, or overspending? Are you savings money for the future? Although a lot of people struggle with saving, it’s possible to gradually building small savings into large sums. Here are some ways to help you begin to save or build up your savings, offered by the FDIC. Read more →

Do research if you’re considering buying silver coins. Precious metals dealer Safeguard Metals LLC and Jeffrey Ikahn have settled a lawsuit that alleged they engaged in a $68 million fraudulent scheme that targeted the seniors. Between October 2017 and July 2021, Safeguard and Ikahn deceived more than 450 customers nationwide. Read more →

Recently, I wrote about how private equity firms are buying health providers practices, including my gastroenterologist’s, and how they bleed money from the companies, then sell them for a big profit. In 2021, some of the top industries for private equity investment include healthcare, technology, and consumer products.  Read more →

Another large financial institution has been caught gouging customers. Raymond James agreed to settle allegations Tuesday with six state securities regulators for charging unreasonable commissions on trades that harmed investors. The broker-dealer will pay at least $8.2 million in refunds to clients, and $4.2 million in penalties and costs. Read more →