Are Family-Owned Banks Better?
“Families like doing business with other families,” says David Bain in Family Capital, an online magazine for family businesses. The question Bain poses, though, is “Do they like banking with family-run banks?”
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Salin Takes The Personal Approach in the Fintech World
“The media headlines charting fintech’s progress in just the past year might even have you think that the end of traditional bank models is here. But that assessment is dead wrong,” reports the Huffington Post. “Banks vs. fintech? No contest, banks win.”
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The Mortgage Loan Doctor Is In for Physicians
Hefty student loan debt can often deter homeownership for individuals just starting their career. This is especially true for physicians and those in the medical field. According to the American Medical Association, more than 70 percent of physicians under the age of 40 have student loan debt and nearly half carry amounts ranging between $150,000 and $200,000.
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Money Matters On Campus
Credit card use among two-year and four-year college students is on the rise, with both groups of students exhibiting less financially responsible behavior over the course of the academic year, according to a new survey.
The study includes data from nearly 90,000 college students (85,000 from four-year institutions, and 4,300 from two-year institutions) across the United States and Canada who were polled on their financial knowledge, attitudes and behaviors. The full report, from EverFi and Higher One, can be found here.
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Email Tax Fraud Scams On the Rise This Year
It’s tax season, and that means it’s also the time when scammers come out in droves. According to the Internal Revenue Service (IRS), there’s been a 400 percent surge in email fraud and phishing this tax season.
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