Navy Federal Credit Union threatened to contact soliders’ commanding officers and cut off access to ATMs as part of a pattern of illegal debt collection practices, federal regulators said Tuesday. The credit union, which is the nation’s largest, grants membership only to current and former U.S. military servicemembers, civilians working [Keep reading]
I just can’t let this go by without comment. Warren Buffett seemed heroic this week when he released his federal tax bill after Donald Trump called him out in the Sunday night presidential debate. “No Donald, I’m not like you,” he was saying, “I pay federal taxes.” In fact, Buffett [Keep reading]
Want a robot-safe job? Start getting good at things machines are bad at. Fast. As I was telling you the other day in part 1, robots are gainin on us fast. I’m really worried about how this is going to impact our society (see ‘A billion useless people.’) And the [Keep reading]
Comcast has agreed to pay the largest civil penalty the FCC has ever assessed a cable operator to settle charges it billed consumers for equipment and services they never ordered. You might recall a series of stories I wrote nearly two years ago about “drive-by” modem upgrades that Comcast was [Keep reading]
Let’s talk about a real issue facing America, shall we? Donald Trump said in the debate last night that he “will give economics to people.” I wish he did; we could all use some economics. So I’m going to give you some. Robots are coming for our jobs, and gaining on [Keep reading]
Small merchants who sued the credit card associations alleging a conspiracy connected to the conversion to chip credit and debit cards may proceed with their lawsuit, a judge has ruled. Billions of dollars could be at stake. California federal court Judge William Alsup ruled Sept. 30 that a set of [Keep reading]
With U.S. officials openly blaming Russia for hacker attacks on state election computer systems, and the myriad possibilities for election chaos such attacks raise, it’s important to put them in proper context. I went to Harri Hursti, a globally-known election security consultant, for some answers. Hursti cut his teeth in [Keep reading]
ARCHIVE — Jan. 5, 2007 — One moment Dave DeSmidt had $179,000 in his 401(k) retirement account, the next he had nothing. In an instant, 25 years of savings had disappeared. With a few clicks, someone raided DeSmidt’s retirement account with J.P. Morgan & Co and ordered a full disbursement [Keep reading]
You probably can’t help but follow the continually unfolding fake account scandal at Wells Fargo. When that story first broke, I wrote that the Wells way to do business – perverse incentives that encourage underpaid employees to cheat their fellow woman and man – is common. Well, today brought more [Keep reading]
Paying down debt is a lovely idea. Who can argue with financial advice to live a debt-free life? But it’s bad advice — and perhaps even cruel advice — to people who struggle just to pay the bills every month. And there’s a lot of you. Here’s the reality [Keep reading]
Bob Sullivan