July 31, 2014 1:43 PM • Log InREGISTER
HOT TOPICS:
Infographic: Do Consumers Really Have Freedom of Choice? CFPB and FTC Fight Foreclosure Relief Scammers Economy Bounces Back in Second Quarter Goodshop App Combines Shopping with Charity Car Title Lenders Find Loopholes to Overcharge Customers Study: One in Three Americans with Credit File Has Debt in Collections New Social Security Rule Affects Boomers New Rule for Individual Taxypayer Identification Numbers Watch out for Business Directory Scams Infographic: The Cost of Summer Fun Then and Now Celebrity Real Estate: 8 Entertainers Who Put Lavish Homes on the Market Sociologists Analyze Homeowner Attrition Survey: Women and Millennials Don’t Get Full Retirement Match Infographic: Savvy Tips on How to Allocate Investment Assets [SURVEY] African Americans Face Financial Challenges, Yet Remain Positive Credit Card Interest Rates on the Rise Error in FAFSA Form May Affect Financial Aid Offers Life-Savers: 5 Tax Facts for Home Sellers Retirement? Millennials See Cash as Long-term Investment Strategy Infographic: Federal Versus Private Student Loans Consumer Alert: Malware Threat at Hotel Business Centers Help for Overdrafts: Wells Fargo Will Stop ‘Stacking’ Checks Study: U.S. Millennials Waiting Longer to Buy Homes Forbes Media Sells Majority Stake To Hong Kong Investment Company Group Homebuilder Confidence on the Rise Consumer Tip of the Day: Watch out for Hotel Scams Survey: More Americans Borrowing from 401K for Non-Essentials Top 10 Counties with the Best Property Tax Value Kim Kardashian New Video Game On Track To Net $200 Million [Exclusive] Part 2: Rick Ross Details Nigerian Business Interests and Winning with MMG Team Consumer Tip of the Day: Diversify Online Shopping Sources to Find Deals Consumer Spending Slows Down in June Consumer Tip of the Day: Couples, Learn to Live on One Income Women Winning: Study Finds Female Entrepreneurs Optimistic and Growing Top 10 Cities with Highest Travel Taxes Denied: Some College Students Can’t Access Federal Loans Filing Funds: How Taxes Affect Nonprofit Crowdfunding Campaigns Brad Pitt To Build Low-Income Homes For Native American Families Banking Malware Discovered on Google Play Consumer Tip of the Day: Automate Your Savings CFPB Enters Order Against ACE Cash Express Inheritance Update: CFPB Clarifies Mortgage Rules Consumer Tip of the Day: Conduct a Financial Inventory Top 10 Sizzling Real Estate Markets R&B Longevity: Boyz II Men Talk Brand Partnerships Top Worst States for Working Mothers Spirit Airlines Offers Free Miles to ‘Haters’ Apple Has a Secret iPhone Store Consumer Tip of the Day: Get Complaints Resolved via Social Media 4 Vital Tax Tips For After You Say ‘I Do’ Report: Female White House Staffers Receive Smaller Raises, Fewer Promotions How to Avoid an IRA Early-Withdrawal Fee Study: Women Are More Optimistic About Economy Than Men Financial Help for Out-of-State College Students Love and Hip-Hop Decoded: Controversy and Drama “Pays Off” Fraud Protection: Stop ATM Skimmers With One Simple Move Uber Lowers Prices to Compete with NYC Taxis Report: Millennials, Minorities Lead Shift To Digital Banking Report Finds Differences in Retirement Savings Habits Caution: FTC Warns Against Pension Advances Black Celebs Dominate Forbes’ ’10 Most Powerful’ List Fourth of July: Declare Your Financial Independence Vacation Scams to Avoid NYC Comptroller Advocating for More Women, Minorities In America’s Boardrooms Millennial Women Must Save, Prepare for Retirement Regulators Offer HELOC Guidance Tax Update for Nonprofits: IRS Introduces New 1023-EZ Form Study: Millennial Women Face Finances and Balancing Challenges Wells Fargo Survey: Female College Grads Earn Less than Men Most Consumers Don’t Understand Overdraft Penalty Plans New Reverse Mortgage Rule Could Prevent Foreclosure Summer Heat: Federal Student Loan Interest Rates Will Rise in July Report: Family Structure Impacts Financial Security Opportunities for Military Vets: Financial Coalition Formed Ikea To Raise Company Minimum Wages In U.S. Fraud: Fake Credit Union Operator Admits Guilt How to Talk to Your Children About Money Senior Sensibilities: How to Talk to Aging Parents About Money Bitcoin Evolves Into A Disruptive Digital Currency Student Loan Relief: Bill Could Allow Bankruptcy Discharge Match for Match: Get a 529 Plan Boost Top 10 Slowest Housing Markets in the U.S. NASFAA Offers Education Tax Benefit Guide Report: U.S. Economy Contracted 2.9% In First Quarter Report: Some Insurers Plan to Scale Back Living Benefits Report: One in Four Consumers Has No Emergency Savings 10 States with Most Student Loan Debt 5 Good Reasons to Axe a Credit Card Account Opening an Investment Account for a Minor How to Get Your Warranty Extended for Free 5 Savvy Steps to Correct a Bank Error Sample Sale: 5 Tips for Grabbing a Good Deal Three Insurance Options and What to Consider Capital One Will Stop Using ChexSystems Suze Orman Prepaid Debit Card Discontinued 4 Money Management Tips for Millennial Women Are Investment Motifs Good for Your Portfolio? What You Should Know About the Roth 401(k) The Lowdown on Investment Rewards Credit Cards Governor Cuomo Announces Tool to Stop Payday Lenders 4 Ways to Save Money on Hotel Costs Why You Need Life Insurance Take Advantage of Hidden Credit Card Perks Results of Card Hub 2014 Credit Card Debt Study CFPB Assesses How Mobile Banking Impacts Low-Income Consumers New Debt Collection Scam AARP Releases Survey of African American Baby Boomers IRS Adopts Taxpayer Bill of Rights A Peek Inside Presidential Finances 5 Things to Know about Phased Retirement President Obama Proposes Expansion of Student Loan Debt Forgiveness Program Best and Worst States for Financial Literacy Money Expert Marsha Barnes Shares Top 10 Savings Tips Merging Finances with Your Spouse Good Kid, Smart Money: Kendrick Lamar Buys Reasonable $523,500 California Home Managing Finances after Divorce: Should You Keep the House? Sam’s Club Offers New EMV Card Rebuilding Finances after Divorce Money Expert Marsha Barnes Shares Her Budgeting Tips Money Expert Marsha Barnes Talks about Keeping Finances on Track FDA Launches Database Alerting Consumers about Deadly Drug Interactions TIAA-CREF Financial Planner Talks Managing Finances after Divorce Nationwide Minimum Wage Campaign Goes Grassroots Retirement Planning Milestones Consumer Income Rose Slightly in April Savings Expert Marsha Barnes Talks about Frugal Living 4 Estate Planning Tips NFCC Poll: Consumers Reluctant to Assume Mortgage Risk 6 Tips for Young Investors 15 Banks and Payment Processors Face Fraud Investigation Berkshire Hathaway Offers Travel Insurance America Saves Survey: More Consumers Automate Savings MasterCard Extends Zero-Liability Policy Common Misconceptions Newlyweds Have about Credit National Black Church Initiative Partners with TrustEgg Consumers Show Concern over Security of Financial Information Keep Track of Product Recalls Auto Parts Price-Fixing Scandal Makes Justice Department History CFPB Reports on Payday Lenders and Debt Collectors Maya Rockeymoore Talks about Why Social Security is Important Movie Theater Charges Extra for Middle Seats Credit Union for Pro Athletes Approved The 5 Best States for Banking Largest Real-Time Clinical Health Database Launched Avoid a Vacation Rental Rip Off John Hope Bryant Talks about New Book and CFPB Partnership Military Members Face Financial Weakness Study: Consumers Saddled by Credit Card Debt and Overdraft Fees Consumers Over-Penalized for Medical Debt in Collections Dr. Juan Chisholm Dishes Advice on Graduating College Debt-Free

Money

Nielsen Study: African American Income, Education Exceeds Expectations

Infographic: Do Consumers Really Have Freedom of Choice?

The products purchased by consumers often belong to a single food conglomerate.

Read More »
Homeownership-300x232

CFPB and FTC Fight Foreclosure Relief Scammers

The organizations will file lawsuits

The CFPB is pushing for the victims to be compensated.

By Sheiresa Ngo

Posted: Tags: , ,
money-fans-122312-575hc

Economy Bounces Back in Second Quarter

Things are looking up for the nation's outlook

The U.S. economy is looking the best it has in five years.

By Sheiresa Ngo

Posted: Tags: ,
black-woman-shopping

Goodshop App Combines Shopping with Charity

You can buy while giving to a good cause

With this app, you can choose from a list of schools and nonprofits in the…

By Sheiresa Ngo

Posted: Tags: , , ,
money-fans-122312-575hc

Car Title Lenders Find Loopholes to Overcharge Customers

Florida-based TMX Finance is allegedly one of the chief offenders

Customers are being subjected to triple-digit interest rates.

By Sheiresa Ngo

Posted: Tags: ,
Credit Cards

Study: One in Three Americans with Credit File Has Debt in Collections

Nevada tops the list

A debt in collections will remain on your credit report for seven years.

By Sheiresa Ngo

Posted: Tags: , ,
AARP and SBA Share Start Up Advice on Entrepreneurship for the 50 Plus

New Social Security Rule Affects Boomers

Those who've had both private and public jobs may see adjustments

Social Security is calculated in favor of low wage earners.

By Sheiresa Ngo

Posted: Tags: , ,
irs

New Rule for Individual Taxypayer Identification Numbers

New guideline will take effect next year

Changes are coming for Individual Taxypayer Identification Numbers.

By Sheiresa Ngo

Posted: Tags: , ,
scam

Watch out for Business Directory Scams

Always verify the legitimacy of a business

Three telemarketing agencies in Canada might be pulling a fast one on consumers.

By Sheiresa Ngo

Posted: Tags: , , ,
take-time-to-plan-your-vacation_942_449042_0_14087291_500 NL

Infographic: The Cost of Summer Fun Then and Now

A comparison of summer fun throughout the years

Nowadays, fun is going to cost you.

By Sheiresa Ngo

Posted: Tags: , , , , , ,
Image: Instagram

Celebrity Real Estate: 8 Entertainers Who Put Lavish Homes on the Market

These industry leaders take both wins and losses

Check out this list of top celebrities who put their homes on the real estate…

By Courtney Connley

Posted: Tags: , , , , ,
home-buyers-couple-300x232.jpg

Sociologists Analyze Homeowner Attrition

Exploitative lending is partly to blame

For many, the American Dream involves becoming a homeowner.

By Sheiresa Ngo

Posted: Tags: , ,
retirement

Survey: Women and Millennials Don’t Get Full Retirement Match

Group doesn't contribute enough to qualify for an employer match

Not contributing enough to receive the match is basically leaving money on the table.

By Sheiresa Ngo

Posted: Tags: , ,
7 SAVINGS ACCOUNT QUESTIONS  	1. Does this account fit my banking habits?  	Just like with a checking account you have to ask yourself (and the prospective bank) similar questions: Do you prefer meeting face-to-face with a teller or quick transactions online? How often do you tap into your savings, if at all? Do you prefer setting up automatic withdrawals or managing your account with a passbook? Your personal preference(s) play a major part in selecting a bank.

Infographic: Savvy Tips on How to Allocate Investment Assets

Take time to assess your portfolio at least every quarter

As you get closer to retirement, you should have less invested in equities.

By Sheiresa Ngo

Posted: Tags: , ,
Man-Cash-Money-620480

[SURVEY] African Americans Face Financial Challenges, Yet Remain Positive

Voice your insights on key financial topics for your household below

Massachusetts Mutual Life Company (MassMutual) took an in-depth look at African American household finances to…

By Sheiresa Ngo

Posted: Tags: , , , ,
Credit Cards

Credit Card Interest Rates on the Rise

Rates are slowly creeping up

The most significant increases can be seen when it comes to secured credit cards.

By Sheiresa Ngo

Posted: Tags: ,
(Image: Thinkstock)

Error in FAFSA Form May Affect Financial Aid Offers

Approximately 200,000 students were affected

Some schools began to see many applicants with unusual salaries on FAFSA.

By Sheiresa Ngo

Posted: Tags: , ,
house with keys_300x232

Life-Savers: 5 Tax Facts for Home Sellers

Here are a few pointers from the IRS

If you’re selling your home, you’ll want to take heed to these tax facts from…

By Sheiresa Ngo

Posted: Tags: , , , ,
Cash_300x232

Retirement? Millennials See Cash as Long-term Investment Strategy

Financial views are still affected by the economic meltdown

The youngsters are placing their trust in cash when it comes to saving for retirement.

By Sheiresa Ngo

Posted: Tags: , ,
student loan

Infographic: Federal Versus Private Student Loans

Choose your loan type carefully

This infographic outlines the difference between Federal and private student loans.

By Sheiresa Ngo

Posted: Tags: , , ,
woman-computer-internet

Consumer Alert: Malware Threat at Hotel Business Centers

Business travelers must be on guard

Houstonian Hotel suffered data breach that lasted six months between Dec. 28, 2013, and June…

By Sheiresa Ngo

Posted: Tags: , , ,
Check-300x232

Help for Overdrafts: Wells Fargo Will Stop ‘Stacking’ Checks

Latest efforts can save consumers from some fees

Wells Fargo will begin processing customers’ checks in the order they are received and stop…

By Sheiresa Ngo

Posted: Tags: , ,
Image: File

Study: U.S. Millennials Waiting Longer to Buy Homes

Findings link college education and marriage to delay

A report done by online real estate firm Trulia shows that education and marriage rates…

By Courtney Connley

Posted: Tags: , , ,
forbes1a

Forbes Media Sells Majority Stake To Hong Kong Investment Company Group

Forbes reaches agreement with group of international investors

Forbes Media, the parent company of Forbes Magazine has reached an agreement to sell a…

By Richard Spiropoulos

Posted:
Homeownership-300x232

Homebuilder Confidence on the Rise

Improvements in the economy have contributed to the positive outlook

The index measuring home builders’ views on current sales conditions rose four points to 57.…

By Sheiresa Ngo

Posted: Tags: , ,
hotels_122612_575se

Consumer Tip of the Day: Watch out for Hotel Scams

Your daily money bite

Some scammers are taking advantage of unsuspecting hotel guests.

By Sheiresa Ngo

Posted: Tags: , , , ,
retirement

Survey: More Americans Borrowing from 401K for Non-Essentials

Here's why that's not such a good idea

Survey by TIAA-CREF, titled Borrowing Against Your Future, shows some workers are getting downright…

By Sheiresa Ngo

Posted: Tags: , ,
house with money_final

Top 10 Counties with the Best Property Tax Value

Counties in Oklahoma and Arkansas dominate list

Counties with more than 50,000 residents were ranked.

By Sheiresa Ngo

Posted: Tags: , , ,
kim1a

Kim Kardashian New Video Game On Track To Net $200 Million

Kardashian empire expansion beyond clothing, jewelery and cosmetics pays off big

The millions continue to rain down for Kim Kardashian.
The reality star’s golden touch now includes…

By Richard Spiropoulos

Posted: Tags: , , , ,
rick-ross

[Exclusive] Part 2: Rick Ross Details Nigerian Business Interests and Winning with MMG Team

'It's no better time than now to set example, rewrite the game'

Mogul Rick Ross sits down for part two of BlackEnterprise.com exclusive to talk business interests…

By Richard Spiropoulos

Posted: Tags: , , , ,
Window shop ahead of time

Once you’ve made your list of must-have items, find out which retailers carry them in the sizes you will need. Don’t wait until the day of to start your search for the perfect gift. One of the perks of shopping online is that you can window show 24/7 so get to browsing so you don’t waste time later searching a site with great sales for everything but what you’re looking for.

Consumer Tip of the Day: Diversify Online Shopping Sources to Find Deals

Website finds that Amazon may not be saving you money all the time

A recent report from Savings.com reveals that Amazon doesn’t always have the lowest prices, therefore,…

By Sheiresa Ngo

Posted: Tags: , , ,
Nielsen Study: African American Income, Education Exceeds Expectations

Consumer Spending Slows Down in June

Overall consumption, however, remains positive

Slow declines in the unemployment rate resulted in hesitance among consumers.

By Sheiresa Ngo

Posted: Tags: , , , ,
black-couple-and-stack-of-money-378x350

Consumer Tip of the Day: Couples, Learn to Live on One Income

You'll always be ready for a rainy day with this strategy

If you and your beau want to have a great nest egg, try this savings…

By Sheiresa Ngo

Posted: Tags: , , ,
4-tips-female-entrepreneurs-erica-nicole

Women Winning: Study Finds Female Entrepreneurs Optimistic and Growing

Bank study breaks down what makes entrepreneurs tick

Bank study breaks down what makes entrepreneurs tick and finds that women entrepreneurs optimistic and…

By Richard Spiropoulos

Posted: Tags: , ,
GlobalTravelManHorizonComputer

Top 10 Cities with Highest Travel Taxes

Check out this list before you plan your next trip

Study took a look at the top 50 travel destinations for business travelers, however, these…

By Sheiresa Ngo

Posted: Tags: ,
after-school-daze-recent-grad-300x232

Denied: Some College Students Can’t Access Federal Loans

Institute for College Access and Success finds many students of color affected

Recent study outlines the differences in loan access for each of the 50 states, broken…

By Sheiresa Ngo

Posted: Tags: , , , , ,
crowdfunding 2

Filing Funds: How Taxes Affect Nonprofit Crowdfunding Campaigns

Funds raised for social campaigns may not be subject to taxes

If you’re a nonprofit raising funds via crowdfunding, you’ll want to know this vital information…

By Carolyn M. Brown

Posted: Tags: , , ,
(Image: Make It Right Foundation)

Brad Pitt To Build Low-Income Homes For Native American Families

Actor's 'Make It Right' group aiming to construct 20 homes for Sioux and Assiniboine tribes

Brad Pitt, the celebrated actor, has taken his nonprofit organization, Make It Right, to Native…

By Kevin L. Clark

Posted: Tags: , , , , , ,
Fraud-300x232

Banking Malware Discovered on Google Play

Mobile banking app attacked

Malware clones a bank’s original app and then uploads it the Google Play store.

By Sheiresa Ngo

Posted: Tags: , , ,
(Image: ThinkStock)

Consumer Tip of the Day: Automate Your Savings

Your daily money bite

Make an effort to save at least 10% of your paycheck. Here’s how.

By Sheiresa Ngo

Posted: Tags: , ,
Money-Cash-Black-Enterprise-Business-Large

CFPB Enters Order Against ACE Cash Express

Payday lender gets fined

The lender has been accused of entangling borrowers in a vicious debt cycle.

By Sheiresa Ngo

Posted: Tags: ,
mortgage-money

Inheritance Update: CFPB Clarifies Mortgage Rules

If property is passed down to you, here's how you can avoid problems

The Ability-to-Repay rule shields consumers from careless mortgage lending.

By Sheiresa Ngo

Posted: Tags: , , ,
money-fans-122312-575hc

Consumer Tip of the Day: Conduct a Financial Inventory

You must know where you are to get where you want to go financially

Be sure to take into account how you’re spending your money to ensure you’re on…

By Sheiresa Ngo

Posted: Tags: , , , ,
Black Family

Top 10 Sizzling Real Estate Markets

Among fastest growth markets, California dominates the list

In some U.S. markets, it's better to own than rent (Image: ThinkStock)
Some people have no…

By Sheiresa Ngo

Posted: Tags: , ,
Photo by Sheiresa Ngo

R&B Longevity: Boyz II Men Talk Brand Partnerships

Group details Wendy's campaign and forthcoming album, "Collide"

Business partnerships can bring fresh energy and build a brand’s value

By Sheiresa Ngo

Posted: Tags: , , , ,
(File)

Top Worst States for Working Mothers

Did your state make the list?

National Partnership for Women and Families released its Expecting Better report details the worst states…

By Sheiresa Ngo

Posted: Tags: , , ,
(Image: Thinkstock)

Spirit Airlines Offers Free Miles to ‘Haters’

'Most complained about' company in industry welcomes more grievances seeking to clean up image

“Most complained about” in the industry, Spirit Airlines welcomes more hate with new promotion offering…

By Janell Hazelwood

Posted: Tags: , , ,
iphone 5s

Apple Has a Secret iPhone Store

The location is not quite what you think

A new eBay store popped up that sells what seems to be refurbished products from…

By Patrick Austin

Posted: Tags: , ,
Computer-Yelling-300x232

Consumer Tip of the Day: Get Complaints Resolved via Social Media

You have options to have your grievances addressed

If you have grievances with a company’s services or products, social media may be your…

By Sheiresa Ngo

Posted: Tags: , , ,
black-married-couple

4 Vital Tax Tips For After You Say ‘I Do’

Avoid problems with the IRS with these quick steps

Just got married? Well, you’ll want to follow these quick tax tips to avoid any…

By Sheiresa Ngo

Posted: Tags: , ,
Obama-hosts-kids-safety-summit-at-white-house-black-enterprise

Report: Female White House Staffers Receive Smaller Raises, Fewer Promotions

More men hold higher-paying, senior jobs on Capitol Hill

Emerging numbers from White House on salaries paint negative portrait of pay equality.

By Richard Spiropoulos

Posted: Tags: , , ,
piggy-bank

How to Avoid an IRA Early-Withdrawal Fee

These exceptions to the rule can save you money

Generally, withdrawing funds before age 59 ½ will cause you to get slapped with a…

By Sheiresa Ngo

Posted: Tags: , , ,
Photo: Shutterstock

Study: Women Are More Optimistic About Economy Than Men

Female entrepreneurs also use social media more to connect with customers

In a study done by American Express, women are more likely to be optimistic about…

By Kevin L. Clark

Posted: Tags: , , , ,
after-school-daze-recent-grad-300x232

Financial Help for Out-of-State College Students

New service created to help students qualify for in-state tuition

Some companies are making an effort to alleviate the financial burdens faced by out-of-state students.

By Sheiresa Ngo

Posted: Tags: , , ,
lhh

Love and Hip-Hop Decoded: Controversy and Drama “Pays Off”

Soaring ratings meant a soaring paycheck for many cast members.

Are you surprised by these numbers?

By Tomika Anderson

Posted: Tags: , ,
blue credit card

Fraud Protection: Stop ATM Skimmers With One Simple Move

The newest generation of skimmers can blend in with ATMs, making it impossible to notice when your card is being scanned by thieves

The latest ATM skimmers steal your card information and PIN without you noticing, but you…

By Patrick Austin

Posted: Tags: ,
Uber_transportation_300x232

Uber Lowers Prices to Compete with NYC Taxis

Fares are now cheaper for customers of popular transport company

The mobile car service app, Uber, has lowered its prices to offer car rides cheaper…

By Courtney Connley

Posted: Tags: , , ,
mobile payments

Report: Millennials, Minorities Lead Shift To Digital Banking

Blacks, Hispanics, young people lead growth in mobile, online banking

African Americans, Hispanics, and millennials leaders in mobile, online banking, report finds.

By Richard Spiropoulos

Posted: Tags: , , ,
10 money moves - savings_crop

Report Finds Differences in Retirement Savings Habits

Roth IRA investors tend to be consistent savers

A recent report shows in any given year, more than three in 10 Roth IRA…

By Sheiresa Ngo

Posted: Tags: , , , ,
retirement

Caution: FTC Warns Against Pension Advances

Additional costs might not make this such a sweet deal

Many pension advances require that you sign over all or some of your monthly pension…

By Sheiresa Ngo

Posted: Tags: , , ,
beyonce-620-480

Black Celebs Dominate Forbes’ ’10 Most Powerful’ List

Who are the most powerful celebrities in the world at the moment?

Black celebrities dominate Forbes’ ‘Most Powerful List’ which includes Floyd Mayweather, Beyonce, Oprah and Dr.…

By Richard Spiropoulos

Posted: Tags: , , , , , , , , , , , ,
credit-card-debt-management

Fourth of July: Declare Your Financial Independence

Resolve to get your finances in order once and for all

This July 4th holiday, the National Foundation for Credit Counseling is challenging consumers to seek…

By Sheiresa Ngo

Posted: Tags: , ,
take-time-to-plan-your-vacation_942_449042_0_14087291_500

Vacation Scams to Avoid

Don't get taken for a ride

The promise of a getaway at no cost to you may have hidden charges or…

By Sheiresa Ngo

Posted: Tags: , , , , ,
Scott Stringer

NYC Comptroller Advocating for More Women, Minorities In America’s Boardrooms

Scott M. Stringer: Diversity is 'an essential element to robust decision making'

Ending “male, pale and stale”: NYC Comptroller Scott M. Stringer talks importance of true diversity…

By Richard Spiropoulos

Posted: Tags: , , ,
black-businesswoman-620x480.jpg

Millennial Women Must Save, Prepare for Retirement

Suzanna de Baca of Ameriprise Financial details more on women and money

It’s important to create emergency savings, pay down debt, and lay down the foundation for…

By Sheiresa Ngo

Posted: Tags: , , , ,
black-homeowners-300x232

Regulators Offer HELOC Guidance

Guidelines will help lenders and consumers transition

The Conference of State Bank Supervisors and the federal financial institutions regulatory agencies provided guidelines…

By Sheiresa Ngo

Posted: Tags: , ,
irs

Tax Update for Nonprofits: IRS Introduces New 1023-EZ Form

Applying for 501(c)(3) tax-exempt status just got easier

The Internal Revenue Service recently unveiled an updated, shorter application to assist small charities with…

By Sheiresa Ngo

Posted: Tags: , , ,
(Image: Thinkstock)

Study: Millennial Women Face Finances and Balancing Challenges

Suzanna de Baca of Ameriprise Financial details more on women and money

Ameriprise Financial finds that millennial women have challenges managing money while Boomers are confidence in…

By Sheiresa Ngo

Posted: Tags: , , , , ,
Graduates-african-american-college

Wells Fargo Survey: Female College Grads Earn Less than Men

Millennial women still feeling the effects of the gender pay gap

A Wells Fargo survey reveals female college graduates earn $20,000 less than male college graduates.

By Courtney Connley

Posted: Tags: , , ,
Couple-managing-bills-300x232

Most Consumers Don’t Understand Overdraft Penalty Plans

Pew report shows many don't remember even opting in

Recent report by Pew Charitable Trusts finds that more than 50% of consumers who incurred…

By Sheiresa Ngo

Posted: Tags: , , ,
seniors-smiling-couple

New Reverse Mortgage Rule Could Prevent Foreclosure

Updated guidelines allow some borrowers to avoid homelessness

Updated rules will give seniors in reverse mortgage plans relief from losing their homes.

By Sheiresa Ngo

Posted: Tags: ,
(Image: Thinkstock)

Summer Heat: Federal Student Loan Interest Rates Will Rise in July

Some borrowers will pay more, but there is a silver lining

Institute for College Access and Success’ (TICAS) Project on Student Debt has chart to help…

By Sheiresa Ngo

Posted: Tags: , , , ,
WomanBusinessSleepStress

Report: Family Structure Impacts Financial Security

Findings: 49% of nontraditional families living paycheck to paycheck

Allianz Life Insurance Company of North America finds that 49% of nontraditional families living paycheck…

By Sheiresa Ngo

Posted: Tags: , , , , ,
TD Bank offers Franchise Financing Options for Veterans

Opportunities for Military Vets: Financial Coalition Formed

Companies and organizations including Visa partner to provide resources

Visa and other organizations partner to aid military personnel and vets in financial and career…

By Sheiresa Ngo

Posted: Tags: , , , ,
black-enterprise-ikea-to-increase-minimum-wages

Ikea To Raise Company Minimum Wages In U.S.

Popular Swedish retailer is raising wages by 17%

Swedish furniture retailer is answering claims of economic inequality by raising the minimum wage level…

By Kevin L. Clark

Posted: Tags: , , , , , ,
Fraud-300x232

Fraud: Fake Credit Union Operator Admits Guilt

Indianapolis resident Timothy Coughlin created several fake credit unions in an attempt to get rich…

By Sheiresa Ngo

Posted: Tags: , , ,
black-woman-with-child-piggy-bank

How to Talk to Your Children About Money

Use this strategy to ensure your children are on the right path with financial fitness.

By Sheiresa Ngo

Posted: Tags: , ,
AARP and SBA Share Start Up Advice on Entrepreneurship for the 50 Plus

Senior Sensibilities: How to Talk to Aging Parents About Money

Use this strategy to help senior loved ones manage their finances in retirement

Talking about money can be challenging, but it gets even more tricky when it’s your…

By Leslie E. Royal

Posted: Tags: , , ,
Production Of Bitcoins By Mike Caldwell of Casascius

Bitcoin Evolves Into A Disruptive Digital Currency

Are you ready to accept Bitcoins into your wallet?

For those who haven’t been keeping up with Bitcoin, here’s some information to bring you…

By Kevin L. Clark

Posted: Tags: , , , , , , ,
student loan

Student Loan Relief: Bill Could Allow Bankruptcy Discharge

Borrowers might get some relief with proposed legislation

New bill calls for reducing student costs and makes it mandatory for colleges to make…

By Sheiresa Ngo

Posted: Tags: , ,
MONEY

Match for Match: Get a 529 Plan Boost

Give your 529 Savings Plan a much-needed increase with these tips.

By Emerald S. Morrow

Posted: Tags: , , , , ,
Homeownership-300x232

Top 10 Slowest Housing Markets in the U.S.

Richmond, Va., and Hartford, Conn., hold leading spots

According to a recent study by real estate website Trulia, the top 10 slowest U.S.…

By Sheiresa Ngo

Posted: Tags: , , ,
(File)

NASFAA Offers Education Tax Benefit Guide

Resources seek to help families afford college costs

The National Association of Student Financial Aid Administrators (NASFAA) has resources that could help families…

By Sheiresa Ngo

Posted: Tags: , , ,
extra money

Report: U.S. Economy Contracted 2.9% In First Quarter

Data 'show growth rebounding in the second quarter, with improvements in home and auto sales'

According to forecasts, the U.S. economy is ripe for a boon, as numbers suggest that…

By Kevin L. Clark

Posted: Tags: , , , ,
Life-Insurance-620x480

Report: Some Insurers Plan to Scale Back Living Benefits

Half of those surveyed plan decrease

According to a recent report, half of insurers surveyed plan to decrease number of product…

By Sheiresa Ngo

Posted: Tags: ,
piggy banks-300x232

Report: One in Four Consumers Has No Emergency Savings

Are you financially ready for a rainy day?

A recent report by Bankrate.com finds that one in four consumers have no emergency savings.

By Sheiresa Ngo

Posted: Tags: , ,
Graduates-african-american-college

10 States with Most Student Loan Debt

Georgia, Maryland and D.C. top the list

Check out the top states that have the most federal student loan debt.

By Sheiresa Ngo

Posted: Tags: , , , ,
Should your business charge credit card surcharges

5 Good Reasons to Axe a Credit Card Account

Sometimes it's alright to go against the grain

Most credit experts say it’s not a good idea to close a credit account, but…

By Leslie E. Royal

Posted: Tags: , ,
He still rocks leisure suits and hates that "hippity hoppity" music. But you might want to listen to grandpa when it comes to handling money. (Image: ThinkStock)

Opening an Investment Account for a Minor

It's never too early to start

(Image: ThinkStock)
Although in most states children younger than 18 cannot legally buy stock or…

By Emerald S. Morrow

Posted: Tags: , , , ,
Shopping while black, even in 2013, is still risky business.

How to Get Your Warranty Extended for Free

Don’t pay if you don’t have to

Let’s face it; extended warranties are expensive. Extra coverage on a new car, for instance,…

By Sheiresa Ngo

Posted: Tags: ,
ABA Offers Tips for Small Business Owners: Assessing Your Banking Relationship

5 Savvy Steps to Correct a Bank Error

Whether it's in your favor or not, you'll want to reverse mistakes properly

Whether it’s in your favor or not, here are the five steps to correct a…

By Sheiresa Ngo

Posted: Tags: , ,
black-woman-shopper-300x232.jpg

Sample Sale: 5 Tips for Grabbing a Good Deal

Don't get stuck with what’s at the bottom of the bin

Check out this strategy for navigating a sample sale and finding great luxe for less.

By Stephanie Young

Posted: Tags: , ,
young black family at park

Three Insurance Options and What to Consider

Three specialty coverage options and what to consider before investing

Here are three specialty insurance policies you might want to think twice about before opening…

By Tamara E. Holmes

Posted: Tags: , ,
ABA Offers Tips for Small Business Owners: Assessing Your Banking Relationship

Capital One Will Stop Using ChexSystems

More consumers will have a shot at getting an account

If you’ve ever been denied a bank account, chances are the decision was made after…

By Sheiresa Ngo

Posted: Tags: , , ,
credit-card-use

Suze Orman Prepaid Debit Card Discontinued

Cardholders are no longer "approved"

If you own one of Suze Orman’s Approved cards, you might have a slightly annoying…

By Sheiresa Ngo

Posted: Tags: , , ,
black woman texting

4 Money Management Tips for Millennial Women

Young women tend to struggle with managing their cash

A recent study by Ameriprise Financial shows that millennial women are likely to feel stretched…

By Sheiresa Ngo

Posted: Tags: , ,
early-retirement-investing-620x480.jpg

Are Investment Motifs Good for Your Portfolio?

Explore whether idea-based investing is a viable strategy

What if you could invest in an idea, instead of a specific company, industry,…

By Bridget McCrea

Posted:
piggy-bank

What You Should Know About the Roth 401(k)

Determining when to pay taxes could make all the difference in your retirement nest egg

While many people save for retirement in a 401(k) plan because it lets them defer…

By Tamara E. Holmes

Posted: Tags: , , , ,
Credit Cards

The Lowdown on Investment Rewards Credit Cards

Weigh the pros and cons before making a decision

Anything that encourages you to save is a good thing. Or is it? Investment…

By Sheryl Nance-Nash

Posted: Tags: , ,
(Image: File)

Governor Cuomo Announces Tool to Stop Payday Lenders

Database will help identify and halt illegal lending

(Image: File)
Despite the fact that payday lending is illegal in many states, it is…

By Sheiresa Ngo

Posted: Tags: , , ,
take-time-to-plan-your-vacation_942_449042_0_14087291_500 NL

4 Ways to Save Money on Hotel Costs

Enjoy time away from home while keeping cash in your pocket

If you’re gearing up to take a trip this summer, you’re most likely looking…

By Sheiresa Ngo

Posted: Tags: , , , , ,
Life-Insurance-620x480

Why You Need Life Insurance

Put a plan in place to protect your loved ones

While death may not be a pleasant topic for you, it’s important to plan for…

By Sheiresa Ngo

Posted: Tags: , , ,
Credit-Cards-620x480

Take Advantage of Hidden Credit Card Perks

Don't leave benefits on the table

I often hear people list the evils of credit cards, and blame them …

By Sheiresa Ngo

Posted: Tags: , ,
man-counting-money-in-suit2

Results of Card Hub 2014 Credit Card Debt Study

Credit information site Card Hub recently released its 2014 credit card debt study.  The study…

By Sheiresa Ngo

Posted: Tags: , ,
mobile payments

CFPB Assesses How Mobile Banking Impacts Low-Income Consumers

The Consumer Financial Protection Bureau is investigating the benefits and challenges of mobile financial services.…

By Sheiresa Ngo

Posted: Tags: , , ,
Fraud-300x232

New Debt Collection Scam

Fraudsters continue to find new ways to rip off consumers

Scammers are always waiting for an opportunity to steal from you. Illinois residents are being…

By Sheiresa Ngo

Posted: Tags: , ,
AARP and SBA Share Start Up Advice on Entrepreneurship for the 50 Plus

AARP Releases Survey of African American Baby Boomers

African Americans over 50 share concerns about employment, education and workforce discrimination

AARP recently came out with a survey assessing the concerns that matter most to…

By Sheiresa Ngo

Posted: Tags: , ,
irs

IRS Adopts Taxpayer Bill of Rights

The Internal Revenue Service recently announced a user-friendly Taxpayer Bill of Rights. It will take…

By Sheiresa Ngo

Posted: Tags: , ,
Obama-hosts-kids-safety-summit-at-white-house-black-enterprise

A Peek Inside Presidential Finances

Former presidents and spouses fare well after their terms

Many were shocked by Hillary Clinton’s revelation that she and former President Bill Clinton were…

By Sheiresa Ngo

Posted: Tags: , , , , ,
retirement

5 Things to Know about Phased Retirement

Is easing into your golden years right for you?

Here’s what you need to know about phased retirement:
1) You’ll see whether your retirement savings is…

By Sheiresa Ngo

Posted: Tags: , ,
after-school-daze-recent-grad-300x232

President Obama Proposes Expansion of Student Loan Debt Forgiveness Program

Executive order would relieve burden for some borrowers

Do hefty student loan payments have you tightening your belt until the buckle is about…

By Sheiresa Ngo

Posted: Tags: , , , ,
money-stack-620x480

Best and Worst States for Financial Literacy

Where does your state rank?

Financial literacy is key to building and growing your wealth. A recent survey by WalletHub…

By Sheiresa Ngo

Posted:
piggy-bank

Money Expert Marsha Barnes Shares Top 10 Savings Tips

How to live well on less

In our fourth and final installment of the money management series with Marsha Barnes, she…

By Sheiresa Ngo

Posted: Tags: , , ,
black-couple-bills-review-620x480.jpg

Merging Finances with Your Spouse

5 tips that will help you and your spouse work in perfect financial harmony.

If you’re recently married, at some point you’ll be faced with a big decision:…

By Sheiresa Ngo

Posted: Tags: , ,
kendrick_lamar_edit

Good Kid, Smart Money: Kendrick Lamar Buys Reasonable $523,500 California Home

Compton rapper spends his money wisely with latest purchase

Kendick Lamar proves that he knows the value of a dollar and smart investment with…

By Courtney Connley

Posted: Tags: , , ,
House-Loan-620x480

Managing Finances after Divorce: Should You Keep the House?

Keeping your home might not always be the best choice

Carefully managing your money can be a balancing act. This is especially …

By Sheiresa Ngo

Posted: Tags: , , , ,
credit-card-use

Sam’s Club Offers New EMV Card

Retailer offers increased security for its members

Sam’s Club recently announced that it will issue cash-back credit cards with an EMV chip.…

By Sheiresa Ngo

Posted: Tags: , , , ,
black-couple-and-stack-of-money-378x350

Rebuilding Finances after Divorce

Cutting ties after age 50 could have a significant impact on finances

Carefully managing your money can be a balancing act. This is especially true…

By Sheiresa Ngo

Posted: Tags: , , , ,
money-fans-122312-575hc

Money Expert Marsha Barnes Shares Her Budgeting Tips

You can live well on less

If you have a hard time sticking to your budget, you’ve come to the right…

By Jennifer Streaks

Posted: Tags: , , ,
(File)

Money Expert Marsha Barnes Talks about Keeping Finances on Track

How you can live well on less

(File)
When developing a financial plan, financial educator Marsha Barnes counsels her clients to stop…

By Jennifer Streaks

Posted: Tags: , ,
ComputerHealthStethoscope

FDA Launches Database Alerting Consumers about Deadly Drug Interactions

Adverse reactions will be easier to track

If you take a lot of prescription drugs, it can be hard to keep track…

By Sheiresa Ngo

Posted: Tags: , , ,
Broken-Heart-620x480

TIAA-CREF Financial Planner Talks Managing Finances after Divorce

Make sure you have a solid plan in place

Carefully managing your money can be a balancing act. This is especially true for…

By Sheiresa Ngo

Posted: Tags: , , , ,
Photo: Google

Nationwide Minimum Wage Campaign Goes Grassroots

The need for our young to earn more money is apparent, and communities across the U.S. are fighting for higher minimum wages.

After Seattle’s Mayor Ed Murray recently increased the city’s minimum wage to $15 an hour,…

By Kevin L. Clark

Posted: Tags: , , , ,
4. Increase your savings

Don’t feel like you can save more money---or are you simply fed up with getting next to nothing on the savings you are stashing away? Maybe the best way to begin saving more money is just by getting a different savings account; online savings accounts boast rates that are sometimes five times the national average.

Use MoneyRates.com to find which banks are offering the highest interest rates on savings accounts, CDs and money market accounts.

Retirement Planning Milestones

How to plan for your golden years at each life stage

Are you prepared for retirement? If not, you have plenty of company.
The Center for Retirement…

By Sheiresa Ngo

Posted: Tags: , ,
money-stack-620x480

Consumer Income Rose Slightly in April

Small gains were seen

Consumers had a slight increase in personal income for April, but it was still lower…

By Sheiresa Ngo

Posted: Tags: , , ,
Holding-Piggy-Bank-300x232

Savings Expert Marsha Barnes Talks about Frugal Living

You can live well on less

A recent national survey by the Consumer Federation of America finds that only about one-third…

By Jennifer Streaks

Posted: Tags: , , , ,
estate planning

4 Estate Planning Tips

Plan ahead for your future

While death and dying are not pleasant topics, it’s important to make sure you plan…

By Sheiresa Ngo

Posted: Tags: , , ,
money-house_crop.jpg

NFCC Poll: Consumers Reluctant to Assume Mortgage Risk

Are you worried about paying off a mortgage?

Even though many define the American Dream as becoming a homeowner, more consumers are…

By Sheiresa Ngo

Posted: Tags: , ,
early-retirement-investing-620x480.jpg

6 Tips for Young Investors

Learn the basics of how to get a head start on planning your retirement

Once you land full-time employment, your employer may offer the option to contribute to…

By Sheiresa Ngo

Posted: Tags: , , ,
(Image: File)

15 Banks and Payment Processors Face Fraud Investigation

Justice Department initiates consumer fraud investigation

(Image: File)
The Justice Department is initiating a consumer fraud investigation by the name…

By Sheiresa Ngo

Posted: Tags: , ,
(Image: Thinkstock)

Berkshire Hathaway Offers Travel Insurance

A new option for low-cost flight protection

(Image: Thinkstock)
Berkshire Hathaway announced that it will begin offering a new kind of travel insurance.…

By Sheiresa Ngo

Posted: Tags: , , ,
piggy-bank

America Saves Survey: More Consumers Automate Savings

But some still stash cash at home

If you’ve ever wondered how your saving habits compare to those around you, wonder no…

By Sheiresa Ngo

Posted: Tags: , ,
MASTERCARD

MasterCard Extends Zero-Liability Policy

Protection provided for ATM and PIN transactions

Debit and credit card company MasterCard announced that it will extend its zero-liability policy for…

By Sheiresa Ngo

Posted: Tags: , ,
black-couple-laughing

Common Misconceptions Newlyweds Have about Credit

Are you believing a financial lie?

If you’re a newlywed, there are some things regarding money about which you might be…

By Sheiresa Ngo

Posted: Tags: , , , ,
black-woman-with-child-piggy-bank

National Black Church Initiative Partners with TrustEgg

Organization will help one million children start a savings account

The National Black Church Initiative, a faith-based coalition of 34,000 churches, recently announced a partnership…

By Sheiresa Ngo

Posted: Tags: , ,
cyber-security-620x480

Consumers Show Concern over Security of Financial Information

Is your information at risk?

If you stay up late at night worrying about your financial security, you’re not alone.…

By Sheiresa Ngo

Posted: Tags: , ,
shopkeeper-072911-300x232.jpg

Keep Track of Product Recalls

Stay safe by keeping abreast of developments

Have you ever learned that a product that you use or someone close to you…

By Sheiresa Ngo

Posted: Tags: , ,
Legal Terms Every Business Owner Should Know

Auto Parts Price-Fixing Scandal Makes Justice Department History

This is the department's largest antitrust investigation ever

If you thought the auto industry’s woes couldn’t get any worse, think again. More bad…

By Sheiresa Ngo

Posted: Tags: , , ,
money-fans-122312-575hc

CFPB Reports on Payday Lenders and Debt Collectors

Report shines light on deceptive practices

The Consumer Financial Protection Bureau is responsible for overseeing depository institutions and credit unions with…

By Sheiresa Ngo

Posted: Tags: , , ,
social security

Maya Rockeymoore Talks about Why Social Security is Important

Social Security benefits both the young and old

Maya Rockeymoore, president of the Center for Global Policy Solutions, recently  presented before the Senate…

By Sheiresa Ngo

Posted: Tags: ,
man-counting-money-in-suit2

Movie Theater Charges Extra for Middle Seats

Could a surcharge be headed your way?

What would you do if your local theater only let patrons who paid more money…

By Sheiresa Ngo

Posted: Tags: , , ,
ABA Offers Tips for Small Business Owners: Assessing Your Banking Relationship

Credit Union for Pro Athletes Approved

Organization founded by former wife of baseball player

It is widely known that professional athletes often struggle with managing their money. Consequently, many…

By Sheiresa Ngo

Posted: Tags: ,
ABA Offers Tips for Small Business Owners: Assessing Your Banking Relationship

The 5 Best States for Banking

Did your state make the list?

If you’ve ever wondered which states have the best banks and how they compare to…

By Sheiresa Ngo

Posted: Tags: , , ,
ComputerHealthStethoscope

Largest Real-Time Clinical Health Database Launched

Doctors and professionals can easily track consumer health

Practice Fusion, an electronic health records company, recently launched Insight by Practice Fusion, a free…

By Sheiresa Ngo

Posted: Tags: ,
take-time-to-plan-your-vacation_942_449042_0_14087291_500

Avoid a Vacation Rental Rip Off

Don't get tricked by fraudsters

If you’ve decided to skip the hotel and instead opt for a vacation rental, there…

By Sheiresa Ngo

Posted: Tags: , , ,
John_Hope_Bryant2

John Hope Bryant Talks about New Book and CFPB Partnership

Operation HOPE partners with CFPB

In part three of this series, Black Enterprise speaks with John Hope Bryant to learn…

By Sheiresa Ngo

Posted: Tags: , , , , ,
Veteran Women and Spouses

Military Members Face Financial Weakness

Differences can be seen between military and general population

The National Foundation for Credit Counseling recently conducted a survey that shows many members of…

By Sheiresa Ngo

Posted: Tags: , ,
debt

Study: Consumers Saddled by Credit Card Debt and Overdraft Fees

Consumers face trouble due to lack of financial knowledge

A recent survey by MagnifyMoney shows that 35% of Americans overdraft and 42.4% are saddled…

By Sheiresa Ngo

Posted: Tags: , ,
0602_hospital bill

Consumers Over-Penalized for Medical Debt in Collections

Scores may misrepresent creditworthiness by 10 points

If you have medical debt in collections, you might be facing harsher penalties. The Consumer…

By Sheiresa Ngo

Posted: Tags: , , ,
Dr. Juan Chisholm

Dr. Juan Chisholm Dishes Advice on Graduating College Debt-Free

Entrepreneur and author shares tips on how he graduated three universities free of student loans

Dr. Juan Chisholm offers financial tips to college students on graduating free of student loans

By Courtney Connley

Posted: Tags: , , ,

Women of Power

Venus Williams

Watch Sonia Alleyne’s Interview with Venus Williams at This Year’s Women of Power Summit [Video]

Venus Williams was one of the featured speakers at this year’s Women of Power Summit.

Read More »
Women-of-Power-620x480

Women of Power: Pushing Past Fear To Make Your Next Career Move

At the Black Enterprise Women of Power summit, attendees learn how to push past fears…

Read More »