My brother is getting his master’s degree in Belgium. His bank account was overdrawn, and here’s how my Dad hilariously responded.
— J.P. Morgan (@jpmorgan) November 13, 2013
JPMorgan canceled a Twitter Q+A session with vice chairman and veteran investment banker Jimmy Lee yesterday after they realized that people could be mean on the internet.
Al Jazeera America has an article called “123456, your mom and other things that shouldn’t be your password,” which is pretty self-explanatory: It seems as if a lot of people are not very good at choosing passwords, or even when they are, they sometimes make the mistake of making the password hint too easy to identify.
Lisa Servon studies low-income communities and is a professor of urban policy at the New School in New York. Partly to make money so she could make ends meet, and partly to get an inside look at payday lenders, Servon decided to work at a check-cashing place in the Bronx and at a payday lender in California.
I do genuinely love Simple, the startup bank with pretty white debit cards that is not a bank at all but in fact a well-designed front end for a regular old big bank called Bancorp. But if you’re going to put your money in an evil bank, you might as well have a pretty app and great customer service, right?
And because I like to throw in some harder personal finance stuff into our mix from time to time, here is a post from our pals at Credit.com on figuring out when to request a credit limit increase.
I write one check every month, and that single check goes to my landlord. Aside from the occasional voided-check-to-an-employer, that’s basically it. Most everything else is auto-debited, or credit card-ed, or PayPal-ed. So it always comes as a surprise when my shoebox stash runs out every two years or so, and I’m faced with the sad chore of reordering checks.
Last week Logan was in the office and she said, “I transferred money from one bank account I have to another a few days ago and it still hasn’t showed up yet. Where is the money right now? Why does it take so long for that money to show up?”
The new $100 bill will start to circulate today and will have all kinds of new security features like a blue strip that appears to change when you move it. The security measures are supposed to help prevent counterfeiting—especially since 65 percent of $100 bills are actually held outside of the U.S.
I got a call from an unknown number Saturday morning. I ignored it. An hour later they called again. Straight to voicemail. This time they left a message. It was fraud prevention from my bank. Please call them back. My stomach dropped and I logged into my account online.
Bloomberg Businessweek has published it’s big multimedia package on the fifth anniversary of the financial crisis, and it leads with Hank Paulson who left Goldman Sachs in 2006 to become Treasury Secretary and had a rough time dealing with the financial crisis and pushed through the big bailout bill that so many critics deemed as ineffective and wasteful. HANK, a documentary about Paulson by the magazine and filmmaker Joe Berlinger will be released on Netflix on Sept. 16, and the print edition as Paulson in his own words, which can be summed up thusly: “So today it’s worse.” Thanks Hank!
“What do you know about the Federal Reserve?” an interviewer asks a woman. “Not much,” she replies and then laughs. In all honestly, this is the likely response that a lot of people would have when asked this question.