Money News

Telemarketing scheme to pay back consumers

March 15, 2017—Consumers will receive about $7.5 million in redress as the result of a settlement between Federal Trade Communication and the operators of a telemarketing scheme who were charged with bilking millions of dollars from consumers.

CFPB hits at credit bureaus over misleading scores

Jan. 5, 2017—We’ve been aware that credit scores that you might find online aren’t necessarily the same as the ones that lenders use to gauge your creditworthiness when you apply for a loan. Now, two of the three primary credit bureaus are on the hook for saying that they were.

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Related Department Briefs

A card up your sleeve

The post-election stock-market rally provided a “great example of why you shouldn’t try to time the market,” says Harold Pollack, who is a University of Chicago professor who is best known for his viral 4-by-6-inch index card of simple personal-finance advice.

Contingency plans

A December 2016 Fidelity Investments report found that 60 percent of people who are age 50–80 say a family member or a friend lost the ability to manage his/her day-to-day finances, but only 9 percent believe that such a thing could happen to them.

Taxes & Roth IRAs

With lawmakers in Washington keen to lower taxes, the time is right for you to invest in a Roth individual retirement account (IRA) or a Roth 401(k), two experts tell Consumers Digest.

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