Financial News

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SoFi

Business & Lifestyle

Student loan servicer SoFi settles charges with FTC, agrees to end false claims about loan refinance savings

Online student loan refinancer SoFi has agreed to stop misrepresenting how much money student loan borrowers have saved or will save from refinancing their loans with the company, in order to settle Federal Trade Commission charges that it deceptively advertised inflated figures for more than two years. In a complaint against Social Finance, Inc. and subsidiary SoFi Lending Corp., the FTC alleged that since at least April 2016, they made prominent false statements about loan refinancing savings in television, print, […]

todayJanuary 21, 2019 5

phishing attacks

Business & Lifestyle

Spear phishing scammers want more from you

“I’m calling from [pick any bank]. Someone’s been using your debit card ending in 2345 at [pick any retailer]. I’ll need to verify your Social Security number — which ends in 8190, right? — and full debit card information so we can stop this unauthorized activity…” So the caller ID shows the name of your bank and the caller knows some of your personal details. Does that mean it’s legit? No. It’s a scam — and scammers are counting on […]

todayJanuary 18, 2019 7

JB Pritzker

Business & Lifestyle

Pritzker orders immediate jobs study for emerging industries in Illinois

SPRINGFIELD (Illinois News Network) -- Illinois' new governor wants to have a road map, by April, of where Illinois needs to invest to grow jobs in new industries and maybe in new locations. Governor J.B. Pritzker said Illinois is the fifth largest economy in the country and needs to start acting like it. He used his second full day in office to order a jobs study that will look at where Illinois is making – and should be making – […]

todayJanuary 18, 2019 6

business

Business & Lifestyle

Three requirements for your home-based business

If you are thinking of getting started in business and you know that you are going to be running it from home, there are a number of things which you will need to be aware of first and foremost. This is primarily because the kinds of challenges which you face in this kind of business tend to differ to those that a normal business faces, and that means that there are going to be different requirements on the whole. Understanding […]

todayJanuary 18, 2019 6

Business & Lifestyle

GET OUT OF DEBT GUY: My dad is going to lose his military pension over my student loans

Question: Dear Steve, I just contacted a pro-bono legal service in my hometown to try to deal with Federal & private defaulted student debt but I wanted to reach out to you as well to get another perspective. My dad, a veteran, who co-signed, might lose his military pension if I can’t deal with this. I’m also out of work due to downsizing and I’m not particularly smart about money at all! Help! Holly Answer: Dear Holly, Federal student loans […]

todayJanuary 18, 2019 7

remote living and working remotely

Business & Lifestyle

Things to consider in living and working remotely

The opportunity to work more flexibly is becoming more common, where we no longer need to commute to an office in order to make a living.   The idea of a remote working lifestyle is certainly something many people crave, as long as we have a decent internet connection and a device on which we can work on. You can practically earn money anywhere in the world, either from the comfort of your own home or some beach paradise in […]

todayJanuary 18, 2019 13

Sears bankruptcy

Business & Lifestyle

Sears chairman’s hedge fund wins company’s bankruptcy court auction

CHICAGO (UPI) -- Sears Holdings said Thursday that ESL Investments, the hedge fund owned by its chairman and largest investor, won the company's bankruptcy auction. Eddie Lampert's investment firm will pay $5.2 billion for substantially all of Sears' remaining assets, including 425 stores, its Home Services business, and the Kenmore and DieHard brands, if approved by the court. "We are pleased to have reached a deal that would provide a path for Sears to emerge from the Chapter 11 process," […]

todayJanuary 18, 2019 11

global construction

Business & Lifestyle

Challenges facing the current global construction industry

The picture painted by the global construction industry is rather concerning. While growth is still forecast for the industry as a whole, many countries, such as the UK and South Africa, have experienced upsets in their domestic industries, which negatively impacts the overall, global picture. Given the global construction industry’s importance to economic performance, we thought it worth examining the challenges the construction industry - as a whole - is currently facing, as well as the ways in which these issues […]

todayJanuary 18, 2019 16

money finance business

Business & Lifestyle

GET OUT OF DEBT GUY: I’ve paid my roommate’s bills and my thanks comes in the form of death threats

Question: Dear Steve, I had a roommate who lived with me off and on for 10 years. During the time he lived with me, he asked me to loan him money for his small business. He was abusive at times and I felt like he was on drugs but could not prove it. He asked me to loan him money to pay for products for his business, all the while making the minimum payments on the cards. Eventually, the debt […]

todayJanuary 18, 2019 16

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