68 customizable lessons, aligned with National Standards, exams and more.
Read NGPF's school-by-school analysis of financial education in America today
Activities
Advocacy
Behavioral Economics
Best Of
Budgeting
Buying a Car
Career
Checking
Consumer Skills
Credit
Cryptocurrencies
Current Events
Curriculum Announcements
Economics
Entrepreneurship
Edpuzzle
ELL Resources
FinCap Friday
Gambling and Sports Betting
Insurance
Interactive
Investing
Math
Paying for College
Philanthropy
Podcasts
Press Releases
Professional Development
Question of the Day
Savings
So Expensive Series
Taxes
Teacher Talk
The bank, the nation’s largest by assets, disclosed last week that 76 million households were affected by the breach, which took place over the summer.
For its latest Banking Landscape Report, WalletHub researchers looked at the fees and features of around 2,000 different checking and savings accounts — both branch-based and online — and found that consumers looking for accounts with the lowest fees and the most features may benefit from going online or looking at a credit union.
Here’s chart showing average checking account fees by institution type:
Today, about 70% of consumers shopping for deposit products do some or all of their research online. Despite their affinity towards online research, most of these online shoppers will end up opening their accounts at branches. Why? Most believe it’ll be more convenient. Not surprisingly, these shoppers usually choose a bank or credit union with a branch near where they work or live.
Online payday loan operators threaten their customers, promote loans designed for long-term indebtedness, and charge exorbitant interest rates, according to a study by the Pew Charitable Trusts. “Lump-sum loans online typically cost $25 per $100 borrowed per pay period—an approximately 650 percent annual percentage rate,” Pew said.
The report, “Fraud and Abuse Online: Harmful Practices in Internet Payday Lending,” (PDF) comes a month after the Federal Trade Commission halted an only payday scheme that the government said “allegedly bilked consumers out of tens of millions of dollars by trapping them into loans they never authorized and then using the supposed ‘loans’ as a pretext to take money from their bank accounts.”
Question of the Day: What is a Security Freeze and How Can It Protect My Identity?
Question of the Day: What Is Preferred Method of Payment For Consumers? Cash, Debit or Credit?
Interactive Monday: What are the rental costs in your community?
NGPF Podcast (CLASSIC): Dr. Carly Urban on her recent research showing positive impact of financial education
Question of the Day: Inflation recently hit a 39 year high. How much have prices risen in the past year, as measured by the Consumer Price Index (CPI)?
Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.
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