Mobile banking use has swelled since the pandemic hit, and law enforcement officials expect hackers to target the credentials of digital novices. The FBI stressed the importance of two-factor authentication and ensuring consumers know how to spot fake apps that carry malware.

June 11
5 Min Read
More than 100 million Americans are covered by defined-contribution plans, but many firms are considering suspending, reducing or deferring matches in the wake of the coronavirus.

The average employer match was 4.3% of pay, according to a 2019 Vanguard report.

June 11
3 Min Read
“There is an emphasis on these funds supporting full employment, so the goal is to have a positive ripple effect,” says Owl Rock co-founder Marc Lipschultz.

Owl Rock plans to give up to $250,000 in interest-free loans to those impacted by the coronavirus and other economic and social crises, its co-founder says.

June 11
1 Min Read
Wealth management firms boost stech spend during coronavirus pandemic 5/14/20

From fruit baskets to operations, financial advisors can tap into a range of ideas in a time of remote work.

June 11
3 Min Read
The Bellars Harris Wealth Management team includes, left to right, Laura Savage, client service associate; Axel Bellars, vice president; partners Tim Bellars, Claudia Bellars and Brad Harris; and Jeannie Hughes, client service manager.

Hailing from Merrill Lynch, Edward Jones and Waddell & Reed, the advisors join as both employees and independents

June 10
1 Min Read
“It's obviously going to be very important for us to monitor the situation, see how much recovery is going on, and obviously we are not going to sit idly by and watch millions of Americans suffer for something that's not their fault,” said HUD Secretary Ben Carson.

Some lawmakers fear that when forbearance plans and enhanced unemployment coverage expire, the consequences for mortgage borrowers still affected by the pandemic will be severe.

June 9
4 Min Read
Fed Chairman Jerome Powell and his colleagues need a better answer on asset inflation and income inequality, Bloomberg's Brian Chappatta writes.

The central bank’s own data show that slightly more than half of U.S. households own stocks. But that doesn’t come close to telling the whole story.

June 9
7 Min Read
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The Internal Revenue Service won’t charge people who threw their stimulus money away because they thought the envelope was junk mail.

June 8
2 Min Read
Grappling with coronavirus

Stay up-to-date on the latest COVID-19 news affecting the industry.

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