The revelation may bring new scrutiny to LendEDU, which started in 2014 and describes itself as a marketplace for private student loans, student loan refinancing, credit cards and other financial products. LendEDU’s reports have also been featured in many publications, including CNBC, The Wall Street Journal and Bloomberg. LendEDU ran advertisements on Student Loan Report’s

To create its look at the rich state-poor state retirement divide, the website compared income from sources such as pensions and 401(k) plans as well as Social Security for Americans age 65 or older. The study found that retirees in the three richest states collect nearly $20,000 a year in Social Security benefits, while those

Just because some people don’t want Facebook using their data to make a profit doesn’t mean they wouldn’t be willing to do so themselves. The typical American even has an asking price for their social media data: Around $2,160. But residents in some states value their information more than others. For example, people in Vermont

Inflation concerns have pushed rates to recent highs, and that’s bad news for borrowers. Expectations of rising inflation, which may encourage the U.S. central bank to tighten monetary policy more quickly, caused the yield on the benchmark 10-year Treasury note to hit a key psychological level of 3 percent Tuesday — for the first time

If a school offers a student money that’s considered taxable income — perhaps as part of a teaching assistantship or fellowship — then it must provide the student with a Form W-2, reporting taxes withheld. Prior to tax time, your school will also report qualified tuition expenses on Form 1098-T, along with the details on

Big banks are making it easy to zap money to your friends. Maybe too easy. Zelle, a service that allows bank customers to instantly send money to their acquaintances, is booming. Thousands of new users sign up every day. Some $75 billion zoomed through Zelle’s network last year. That’s more than twice the amount of

Getting out of paying credit card fees is often just a matter of asking. However, many consumers aren’t doing so, according to a new survey from CreditCards.com. In fact, 70 percent of those who asked to have their annual fee waived or reduced were successful. Yet only 18 percent of card holders made this request.

Ella Tyler found a few surprises in retirement that led her to return to the work force. But like many retirees, the work she’s doing now in no way resembles what she used to do in her professional career. Tyler, 67, had quit practicing law when she moved to Texas after she got married. But

This latest settlement is a reminder to consumers to keep a close eye on the fine print in their loan origination paperwork, whether they’re borrowing for a home or a car. For instance, when you apply for a mortgage, the lender may offer you a “rate lock” for 30 to 45 days, meaning that your

Others feel the trade-off is worth it. This voluntary paid leave system would deliver an important benefit to parents without disrupting businesses or burdening taxpayers, said Carrie Lukas, president of the Independent Women’s Forum. “This approach is about reforming our entitlement system to make it more flexible and modern and responsive to the needs of

This can be troublesome if there is a mismatch. “Taking on more risk than you’re comfortable with could cause you to panic and sell at the wrong time,” said Jim Shagawat, a certified financial planner, and president of Windfall Wealth Advisors in Paramus, New Jersey. “Taking on too little risk could lead to lower returns

However, he points out that the SEC’s proposals do not create a uniform standard that both brokers and investment advisors would have to adhere to. Instead, it would add requirements to the suitability standard that fall short of the fiduciary mandate imposed on investment advisors. Broadly, these are the SEC’s proposals: 1. “Regulation Best Interest”

And he’s not alone, 85 percent of student loan borrowers say difficulty in saving has delayed their ability to buy a house, according to the Realtors association. “It’s challenging with student loans to be able to put together $40,000,” said Grant Simmons, vice president of search marketing for Homes.com. (The median home price in America

When sexual harassment allegations against Hollywood film producer Harvey Weinstein came to light, the #MeToo movement took off — and its reach has been far and wide. Still, it’s not exactly taking off in the office, according to one study. Although 90 percent of companies have a sexual harassment policy in place, more than 1

While April 19 is the national Tax Freedom Day this year, there’s huge variance when any individual will reach that point. Generally speaking, the more you earn, the longer you work into the year before getting there. Where you live makes a difference, as well. For instance, in Louisiana and Alaska (which tied for first),

New York Attorney General Eric Schneiderman announced on Tuesday that he is investigating at least 13 cryptocurrency exchanges, including the popular platform Coinbase. “Too often, consumers don’t have the basic facts they need to assess the fairness, integrity, and security of these trading platforms,” Schneiderman said in a statement. Schneiderman said he hopes to make

Starting this week, some consumers may have a higher credit score. Because of improved standards for utilizing new and existing public records, the three major credit reporting companies are now excluding all tax liens from credit reports. That means some scores will head higher, for some by as much as 30 points. Credit scores, notably

Despite the uncertainty, strong feelings about the new rules have already formed. A little more than half of Americans say they disapprove of the change, while nearly 40 percent favor it. Support for the legislation also varies widely by party. Nearly 80 percent of Republicans approve of the new tax law, compared with just 15

The first hit: Pricier autos. The average price paid for a new car reached $34,623 in March, according to Edmunds. Five years ago, that number was $31,078. Then there are the loans, which can be a triple whammy. Rising interest rates make borrowing more expensive. Last month, interest rates on new-car loans stood at 5.7

A spokesperson at Intuit’s commercial tax preparer TurboTax said that the IRS’s technical difficulties affects all tax preparers and tax returns. “Taxpayers should go ahead and continue to prepare and file their taxes as normal with TurboTax,” the spokesperson said. “TurboTax has uninterrupted service and is available and accepting e-filed returns,” she said. “We will