Savings/financial education platform Goalsetter has raised $9.6 million in new funding. The company’s Series A extension round, announced Monday (March 25) was led by an affiliate of Edward Jones and MassMutual through its MM Catalyst Fund, with participation from past investors, including Fiserv and Webster Bank. “This funding will empower us to...
Chime’s fee-free overdraft feature, SpotMe, is now available when members use the Chime Secured Credit Builder Visa Credit Card, in addition to debit card purchases and cash withdrawals. With this overdraft line of credit, members can access up to $200 in fee-free SpotMe coverage when using their...
Social media is very much under the microscope lately due to the controversy surrounding a potential TikTok ban and various cases regarding its regulation in front of the Supreme Court. And with that attention, another issue more central to the payments industry comes to the fore: the use...
Advocates of social media have their work cut out for them these days. From lawmakers insisting China is stealing state secrets via TikTok to educators who blame popular platforms for robbing kids of their self-esteem, social media can’t catch a break. Now comes news that social posts...
In the United States, government-issued child support payments cover only 53% of the expenses associated with raising a child. This leaves co-parents to manage the other 47% to pay for things like medical bills and extracurricular activities independently, with one parent often footing the bill...
Financial guidance platform NerdWallet says it was the victim of a fraudulent bankruptcy filing. As Reuters reported Saturday (March 2), the company said that it did not file for bankruptcy and that the filing that showed up on an electronic public access service for U.S. federal court documents...
According to the U.S. Commerce Department, retail sales dropped in January by a seasonally adjusted 0.8%. Conventional wisdom suggests a post-holiday season decline in sales would be anticipated; however, The Wall Street Journal reports the drop was larger than the 0.6% decline economists were expecting. As a result,...
Love is priceless. For everything else, there’s the latest edition of PYMNTS’ Provider Ranking of Personal Finance Apps, to help you keep track of your expenses. In this month’s list, Webull tops the charts, with SoFi close behind. Here’s how the rest of the rankings...
A group of Democratic lawmakers wants to give every child born in America a savings account. The 401Kids Savings Act, announced Wednesday (Jan. 31), would create children’s savings accounts (CSAs) for every child in America, and comes at a time when many consumers are seeing their...
