Mulvaney’s first funding request for the Consumer Financial Protection Bureau: zero

WASHINGTON — In his first quarterly funding request as acting director of the Consumer Financial Protection Bureau, Mick Mulvaney is asking for nothing. “This letter is to inform you that for the Second Quarter of Fiscal Year 2018, the Bureau is requesting $0,” he wrote Wednesday to Janet L. Yellen, chair of the Federal Reserve, which… Please follow and like us:

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Uninsured rate rose in Donald Trump’s first year: Gallup poll

An estimated 3.2 million Americans became uninsured during President Trump’s first year, Gallup said Tuesday in a survey that says rising premiums, declining competition in Obamacare markets and confusion over the GOP’s repeal plans drove the losses. The polling company said the uninsured rate stood at 12.2 percent at the end of last year, an increase… Please follow and like us:

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New IRS tax withholding tables mean your paycheck might be getting a little bigger soon

So who’s ready for a fatter paycheck starting next month? RELATED: This new Trump tax calculator shows how much you’ll pay going forward New withholding rules mean more money in your pocket The Internal Revenue Service is out with new withholding tables for companies to follow when calculating your paycheck going forward. Employers may begin using… Please follow and like us:

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Bitcoin Exchanges Struggle To Work With Wary Banks

Cryptocurrency exchanges around the world are under an unprecedented amount of pressure. Meanwhile, Quartz reported Indian banks are delaying routine processes for local exchange platforms such as Koinex for several weeks. “A tussle between our payment service partner and their bank has caused an indefinite delay in the settlement of a large portion of deposits to… Please follow and like us:

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Jamie Dimon: Blockchain is real; Fannie Must Be Protected From Politics

JPMorgan CEO Jamie Dimon on Fannie Mae and Freddie Mac, the SALT deduction, President Trump, bitcoin, the outlook for M&A and Federal Reserve policy.  Get The Timeless Reading eBook in PDF Get the entire 10-part series on Timeless Reading in PDF. Save it to your desktop, read it on your tablet,… Please follow and like us:

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The Bank Of England Is Planning A Bitcoin-Style Virtual Currency – But Could It Really Replace Cash?

Governments are extremely worried about cryptocurrencies such as bitcoin. These virtual currencies mean you can make payments without involving the banks that most economies and government financial models are built on. People can transfer large amounts of money without the authorities knowing, potentially making it easier to evade tax or launder money. So several countries’ central… Please follow and like us:

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Higher prices, reduced hours: Restaurants & mininum wage hikes

By Michael von Massow, Associate Professor, Food Economics, University of Guelph. Chris Stevens, owner of Kaboom Chicken restaurant in Toronto, hands an order to a customer in December. Ontario’s new $14 per hour minimum wage took effect Jan. 1 and Stevens has already taken steps to ensure his restaurant can afford the added expense. THE CANADIAN… Please follow and like us:

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Corp Americas New Way To Steal From You: ARBITRATION – America’s Lawyer

To learn more about this topic, visit AL.Law Via America’s Lawyer: Mike Papantonio discusses, how businesses have been stripping American consumers of their rights with binding arbitration clauses that they tuck into their contracts with attorney, Tim O’ Brien. Transcript of the above video: Mike Papantonio: One of the biggest scams ever collectively pulled off by… Please follow and like us:

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Merrill Lynch Bans Bitcoin Trading

Wealth management firm Merrill Lynch has blocked all of its clients and financial advisers who manage money for clients from trading Bitcoin over fears of instability relating to the cryptocurrency, the Wall Street Journal reported. The ban will keep the firm’s nearly 17,000 financial advisers from suggesting Bitcoin-related investments and advises against client requests to invest… Please follow and like us:

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‘Internet of Things’ Devices Have Their Security Risks. How Regulators Should Address Them.

Most Americans own some sort of “smart” device, whether it’s a smartphone, a smart thermostat, or a smart fitness tracker. These devices are benefiting Americans in countless ways, from helping them become more energy-efficient, to saving money and even tracking their health. But many of these devices can also pose a security risk to unsuspecting consumers.… Please follow and like us:

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Innovative Securities: Higher Risks May Come in 2018

Innovative Securities: Higher Risks May Come in 2018 BUDAPEST, Hungary, Dec. 29, 2017 /PRNewswire/ – We are living in the decade of bullish markets. Because of record returns (and low interest rates) retail money floods the market. What could next year hold for the investors after all this? Innovative Securities’ prognosis tries to answer. In 2017,… Please follow and like us:

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9 things you’ll likely pay more for in 2018

With 2017 just about in our rear view, it’s a good time to remember that pretty much nothing stays static over an extended period. Prices are no exception. That’s why it’s important that we adjust our expectations (and our budget) for 2018. Unless you always buy in bulk and have loaded up gobs and gobs of… Please follow and like us:

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The IRS has spoken. Can you deduct your 2018 property tax prepayments?

Taxpayers are scrambling to prepay their 2018 property taxes and municipal clerk offices are adding hours to cope with the demand as homeowners look to save money before new limits on state and local tax deductions kick in. It’s not entirely clear yet, however, whether all of those efforts will pay off. Here’s what local government… Please follow and like us:

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William Bozeman, Federal Reserve in patent fight over fraud detection software

William Bozeman, an independent inventor with a colorful history, says he used to have a good relationship with the Federal Reserve System and even helped improve its fraud detection efforts. He thought the Fed was working toward a licensing deal for some of his software, which he said could help spot fraudulent checks earlier than the… Please follow and like us:

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