September, 2009
Overdraft Fees: Some Banks Let You Opt Out
Overdraft fees are nothing to sneeze at. Having not always been a model bank customer, I know how it feels like an unfair punishment to have roughly $30 taken away when my account is already negative. I’ve also worked for Bank of America, and I can see why they use a dis-incentive to drive away ...
A Report Card for Financial Rules of Thumb
I’m not a big fan of “rules of thumb.” These are bite-sized nuggets of wisdom masquerading as advice, designed to apply to a mass audience. At best, they cant point someone in the right direction, but at worst, rules of thumb can erroneously send people on the wrong path or can mistakenly instill a false ...
Intuit Not Out to Change Mint Says Founder
Scott Cook from Intuit here. OK, I’m about to date myself. Long ago (27 years ago in fact), I watched my wife complain about paying the bills. That gave me an idea. And that idea became Quicken. Check with your parents – they might use it. Maybe even your grandparents.
But probably not you. For ...
House Bill Lets Students Bypass Private Lenders
The House is expected to vote on a bill Thursday that would let students borrow directly from the U-S Treasury — instead of from private lenders subsidized by the government. House Democrats say this would save millions in the long run. But the bill has opponents in the loan industry — and obstacles in the ...
