In bankruptcy court proceedings last Friday, lawyers for banking-as-a-service provider Synapse Financial Technologies said the company’s remaining employees were working feverishly to restore access for thousands of fintech customers to money locked in frozen accounts and to wind down operations. “It’s been kind of a whirlwind effort by the debtor…
Key takeaways Hard money loans are secured, short-term loans often used to finance a home purchase. Real estate investors commonly rely on hard money loans to manage multiple flip projects. Hard money loans deliver cash quickly but at a higher interest rate compared to other types of financing. Hard money…
Key takeaways Student credit cards have benefits geared toward those in college and are typically easier to qualify for. Depending on the card, you can earn cash back rewards and perks like waived late fees and purchase protection. Student cards may come with higher APRs and lower credit limits, so…
Nasdaq’s board diversity rule, aimed at enhancing corporate governance through diversity, faces significant legal and regulatory challenges. The U.S. Court of Appeals for the Fifth Circuit’s decision to revisit a challenge to the rule highlights the ongoing legal debate, with constitutional prohibitions against discrimination and restraints on free speech at…
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One of my clients was looking forward to a vacation at Disney World earlier this year. They had budgeted, saved,…
Navigating the upcoming 2024-25 academic year has been a challenge for families, at least when it comes to securing financial…
Earning a million dollars is a significant milestone for anyone, whether achieved through entrepreneurship, investment, inheritance, or steady savings. If…
Tuition discounting in higher education keeps growing. The amount of institutional financial aid provided by private colleges and universities continues…
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Tax Notes senior legal reporter Nathan Richman discusses the tax implications of the recent financial controversies surrounding Los Angeles Dodgers player Shohei Ohtani and his former translator. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David…
Dept Managmnt
Chapter 13 (also called a reorganization) bankruptcy is a legal process that allows you to restructure your debt so that it’s more manageable.…
Banking
One of the great mysteries of our troubled times is how the Federal Reserve generally escapes the kind of searing examination such a…
Credit Cards
Key takeaways If you run out of time to pay off your balance within a 0 percent APR window, a few different strategies…
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Credit Sesame discusses the causes of the continued consumer debt problem. Consumer debt has continued to grow, and people are finding it hard to keep up with their payments. Is inflation to blame? A new analysis shows that the real culprit may be that consumers have been splurging more than…
We left off the story of microcaptive promoter Celia Clark with the article Former Microcaptive Promoter Sues IRS After Being Assessed With $11 Million In Section 6700 Penalties (Dec. 11, 2021). As related in that article, the IRS assessed Clark with $11 million in penalties, Clark paid a little over…
Bolstered by surging demand for its premium bond-building hair-care products, which had risen to fame through endorsements from celebrities and influencers over the prior two years, Olaplex’s (OLPX) stock debuted well above its IPO price of $21 in September 2021 and climbed above $30 soon thereafter. However, these gains quickly…
Gold stocks trend higher and steadily higher lately as inflation concerns arise over any likely interest rate cuts by the Fed. The precious metal is the classic hedge for that kind of economic malady and some investors have been active in the get-in-early phase of the situation. No one can…
Married taxpayers can file their taxes together or separately. Because it is often more tax-advantageous and convenient to file together, most married individuals elect to file as married filing jointly. But there are risks with this approach. When spouses file a joint return, they become jointly and severally liable for…
There has been a lot of handwringing about Apple Apple , for a while now. The rap on the iPhone maker is that it has lost its mojo, revenue was down 4%, year over year in 2024’s first quarter, Chinese consumers are losing interest in its products and Washington has…
Key takeaways Boat loans are a type of personal installment loan that is used exclusively for marine craft-related expenses. Online lenders, banks, credit unions and marine lenders offer boat loans, but some impose restrictions on the type of boat you can finance. Not all lenders offer boat loans, but some…
Retirement planning aims to ensure a steady stream of income that could sustain your lifestyle after leaving the workforce. To protect your retirement income you first need to have a clear idea of the different sources that will be available for your retirement, such as Social Security or your own personal…
The pursuit of market predictions by investors becomes risky given the potential for a single tweet to cause a stock market avalanche. As they traverse an intricate network of economic information, psychological prejudices, and unanticipated worldwide occurrences, the consequences are frequently severe, and the stakes are impossibly high. Investors who…
A house fire can quickly spiral out of control. Something as small as a faulty socket, splash of grease or smoldering cigarette could cause hundreds, thousands or even hundreds of thousands of dollars of damage to your home. Most homeowners insurance policies cover fire damage, but it is important to…
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