The Consumer Financial Protection Bureau is warning that the funds may be at risk if the app’s parent company runs into trouble.
Category: Personal Finances
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The High Cost of Bad Credit
Desperate to improve their ratings, Americans now spend billions on “credit repair” — but the industry often can’t deliver on its promises.
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How Cringe Creators Make a Living on TikTok
On TikTok, cringe comedy creators are gaining large followings and brand deals by impersonating terrible people.
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As the Student Loan Payment Pause Ends, Here’s What to Know
A deal to raise the debt ceiling would require borrowers of federal student loans to resume paying for the first time since early in the pandemic.
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401(k) Hardship Withdrawals Tick Up as Inflation Stays High
Retirement plan administrators are noting an uptick in hardship withdrawals. But taking that money out can harm your future financial security.
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Contributions to College Savings Plans Pick Up as Inflation Eases
Deposits into 529 savings accounts fell last fall and early this year. But experts say the stock market recovery is helping to attract more money.
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Financial Planning With AI: How Will It Work
The financial services industry is plotting how to incorporate tools like ChatGPT into its products. But humans will still be necessary to provide personal advice.
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What the Markets Are Telling Us About the Debt Ceiling
The odds of a U.S. default are low, but the consequences could be dire. Our columnist explains how financial markets are assessing the risks.
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Interest Rates on Federal Student Loans to Rise Next School Year
Rates for undergraduate loans could top 5 percent next school year, adding pressure on families already struggling to pay for college.
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The Greatest Wealth Transfer in History Is Here, With Familiar (Rich) Winners
In an era of surging home and stock values, U.S. family wealth has soared. The trillions of dollars going to heirs will largely reinforce inequality.