Know What Is Going On!

August, 2014

"F" Words, Financial Services and You

Did you know two major wars are being fought in the financial services industry and their outcomes impact you? One of the adversaries is Wall Street. It represents everything that is bad about the financial services industry. The other side is the RIAs (Registered Investment Advisers). They represent everything that is good about the financial […]

Bankruptcy helped former Lions DT Luther Elliss grow teach others

ALLEN PARK, Mich. — Former Detroit Lions fan favorite Luther Elliss is trying to help young NFL players from making the mistakes that he made. In 2010, six years after a football career that paid him around $11 million in salary had ended, Elliss filed for bankruptcy. Hes now sharing his story with current players, […]

Weathering the Financial Ups and Downs of Freelance Life

About John Schmoll is the founder of FrugalRules.com, a personal finance blog dedicated to raising financial literacy and promoting freedom through frugality. In addition to being a Dad, MBA grad and professional blogger, John has more than 10 years of experience working within the financial services, insurance and banking industries. John has written extensively on […]

Financial planners milk trillions

More than half a million Australians may have received shoddy advice from financial planners, many of whom have little training, according to reports by Fairfax Media. Oh come on now, Fairfax! Get serious. That is preposterous. We knowmillionsof Australians have been given shoddy financial advice, or paid for shoddy advice, or been gouged by high […]

Texas Car Lender Is Accused of Distortion in Subprime Inquiry

The cycle is a familiar one on Wall Street. First comes a lending boom. And then, after the abuses and excesses of a bubble, there is the government crackdown. Now, as federal prosecutors and regulators wrap up many of their largest mortgage investigations, they are shifting their focus to another lending boom underway: the market […]

The Next Big Thing You Missed: Startup Offers Payday Advances Without the …

Payday lenders arent the most scrupulous of operations. Preying on the desperation of people who dont have enough money to make it to their next payday, these lenders dole out short-term loans with exorbitant interest rates, forcing already cash-strapped customers deeper into debt. And while many have tried to reform the payday lending industry, were […]

How to protect yourself from credit-card bullies

“First Premier is one of the worst credit-card issuers out there in my opinion,” says Chi Chi Wu, an attorney at the National Consumer Law Center, a nonprofit policy and advocacy group based in Boston. “Besides the high fees, it is aggressive in trying to keep charging those fees.” First Premier sues CardHub In April, […]

Why The ALS Ice Bucket Challenge Is A Social (And Financial) Blockbuster

BY JOHN DEIGHTON In 2009, technology researchers at Forrester published a report entitled We Are All Media Companies Now, that looked at how publishing firms were dealing with the shift from a distribution paradigm to one based on consumption. By 2014, the paradigm is being experienced not just by companies but increasingly by individuals. People […]

Biggest Movers in Financial Stocks Now – BR FII BAP KEY

Financial stocks finished up 0.3% on Wall Street today. More broadly, the Dow Jones Industrial Average rose 0.3%, the Nasdaq stayed level and the Samp;P 500 was up 0.3%. Some of the biggest gainers among financial stocks include: Broadridge Financial Solutions Llc (BR): BR stock is up 1.6%, marking the sixth consecutive day the stock […]

Fishy financial disclosure at Darden’s Red Lobster

Call it a tale of two lobsters. Darden Restaurants has told shareholders that Red Lobster, the seafood chain it recently sold, smells like week-old fish. But to another group of investors, the restaurant chain was described as a tasty treat. Shortly after Darden announced a deal to sell Red Lobster to private equity firm Golden […]

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