Advocates for higher interest rates point to an improving job market as a sign that America has come back from the recession. But many activists, economists, and community groups know that raising interest rates now would stymie the many communities, particularly those of color, that continue to face persistent unemployment, underemployment, and stagnant wages.
For Robinhood founders Baiju Bhatt and Vladimir Tenev, the 2008 financial crisis, followed by the Occupy Wall Street movement, were a source of inspiration to create Robinhood, a mobile first zero-commission stock brokerage app.
Why am I terrified? Because the prospect and potential that this represents means a world without discussion and without ideas. It means a world in which we have to be careful of what we say for fear of not getting that loan, job, or education.
By Barbara Friedberg, Contributor If you're interested in improving how you manage your finances, then you need to care about ...
Bank and credit union examiners are especially scrutinizing the quality of financial institutions' assets and their sensitivity to market risk, according to a recent survey of institutions that have recently undergone routine federal examinations.
Taking a sabbatical used to be largely restricted to academics and posh people who had the time and money to take time off in the middle of their career, while the rest of the world had to hold out for 45+ years of work until their retirement allowed them the chance to explore their non-work related passions.
While the recession may have officially ended, many small business owners, in particular minority business owners, are still reeling from the devastating effects of the recession that began in 2007.
It's been five years since President Obama signed the Dodd-Frank financial reform act on July 21, 2010, saying the law would "lead all of us to a stronger, more prosperous future." Despite some positive steps, that promise remains largely unfulfilled.
On Monday, Hillary unveiled her economic agenda for strengthening the middle class. But looking at solutions like raising the minimum wage is only half the story. To evaluate the bigger picture, a review of Hillary's history with the banking industry is necessary.
For decades the idea of a financial transactions tax (FTT), in effect a modest sales tax on stock, bonds, derivatives and other financial assets, has been a fringe idea pursued by a small group of progressive politicians. Now that situation is changing.
The continuing crisis for many millions of our people gives an important opportunity to reform our monetary system and eliminate the privilege banks have to create what we use for money, when they extend loans; to eliminate their power to cause financial crises and obscenely concentrate wealth into undeserving hands.
So will your bank be open on Independence Day? To help you quickly find out if your bank will be closed on July 4, GOBankingRates confirmed Fourth of July hours from 21 of the biggest financial institutions, including Chase, Bank of America, Wells Fargo and U.S. Bank.
A burgeoning market for micro financial institutions (MFI) is set to take hold. The Sub-Saharan African low-income market is set to explode by 25 percent in 2015. Currently 863 million people live in 47 countries.
The trial of Abacus Federal Savings Bank is finally over, and the verdict is "not guilty" on all counts. This outcome should be a tremendous relief to advocates of Wall Street accountability, and the fact that the case got as far as it did should be an extraordinary embarrassment to District Attorney Cyrus Vance and his office.
The bank of the future will be in our pockets or on our wrists, not on street corners or housed in high-rise towers.
Three strikes and you are out in baseball. Three strikes -- irrespective of the crime -- and you're in prison long-term in the United States. Now, the bankers need to be subjected to the "Three Strikes and You're Out" rule.