TomoCredit, a San Francisco startup that has been operational for five years, is currently facing a multitude of challenges, including a recent lawsuit filed by New York-based analytics company Prism Data. The lawsuit, which accuses Tomo of trademark infringement and unfair competition, is focused on the use of the term…

If you’re searching for a secure method to store your savings, a certificate of deposit (CD) is an option that should not be overlooked. CD accounts typically offer higher interest rates compared to traditional checking and savings accounts. However, the rates offered can fluctuate significantly from one provider to another.…

In today’s financial landscape, credit card interest rates are alarmingly high; averages hover above 21%, and those carrying a balance often face rates exceeding 22%. This can lead to substantial extra charges as cardholders struggle to pay down their balances. However, if managed wisely, a 0% annual percentage rate (APR)…

When you’re finally ready to buy a house after saving for the down payment, a rude awakening may await you: the presence of closing costs. These fees, which you pay at the loan signing, are imposed by lenders and other third parties and have risen sharply in recent years. From…

On a significant day for criminal justice reform, President Joe Biden faced scrutiny for the pardon of his son, Hunter Biden, but simultaneously announced the commutation of sentences for 1,499 prisoners who have been serving their sentences under the CARES Act. This legislation was enacted in response to the COVID-19…

The Bank of America® Customized Cash Rewards credit card stands out for its ability to adapt to different spending patterns that consumers experience throughout the year. One of the primary features of this card is that it allows cardholders to select a 3% cash back category each month, alongside earning…

As an expert in college financial planning, I’ve witnessed significant shifts in the higher education landscape over the past decade. A particularly striking example is the recent crisis at Tennessee State University (TSU), which has necessitated an emergency funding package of $43 million due to drastic enrollment declines. This situation…

If you’re considering ways to increase your savings, a Money Market Account (MMA) may serve as a viable option, offering competitive interest rates alongside easy fund access. Many MMAs provide a combination of features, such as debit cards and checks, which enhance their liquidity. However, it’s essential to recognize that…

The real estate landscape of Virginia showcases a diverse array of communities characterized by their affluence and high property values, particularly within the Washington, D.C. metropolitan area. Recent analyses have targeted the most expensive ZIP codes in Virginia, revealing that this state, notably rich in both historical and geographical attributes,…

If you are considering a secure way to save your money, a certificate of deposit (CD) may be an excellent option. CDs typically offer higher interest rates than traditional savings and checking accounts, making them an attractive choice for savers. However, the rates on these accounts can differ significantly based…

In April 2024, a significant shift in student loan policies is on the horizon, led by Chairwoman Rep. Virginia Foxx (R-N.C.), who presides over the House Education and the Workforce Committee. Amid growing pressure and with the Republicans poised to control both Congress and the White House in January, discussions…