money

Wells Fargo is under fire again and this time customers were complaining about their direct deposit and money that they physically deposited did not go through.   Frustrated customers took to social media to blast the bank.   For the second time this year, Wells Fargo acknowledged that deposits were not showing up in customers’ […]

The City of Rochester received $244,000  with the help of ESL Federal Credit Union to kick off a pilot program that will help children start savings accounts. The pilot program will start by next year and plan to make it city wide in two years. https://www.whec.com/local/city-of-rochester-gets-grant-to-help-children-start-savings-accounts/

The first Black sorority Alpha Kappa Alpha (AKA) has launched its own credit union, becoming the first Greek letter organization to achieve the feat. The “For Members Only,” or FMO, credit union is the first Black-owned, women-led, sorority-based digital banking financial institution in the history of the United States, according to a report by ABC7 Chicago, […]

With no winner over the weekend for the Powerball, the jackpot will jump to $900 million.  The top prize is the third biggest Powerball jackpot and the seventh largest in U.S. lottery history, Powerball said in a statement early Sunday. The game’s abysmal odds of 1 in 292.2 million are designed to build big prizes […]

After no one won the  jackpot for Monday’s Powerball drawing. The grand prize jumped to an estimated $725 million – the seventh largest Powerball jackpot, according to lottery officials. The next drawing will be on Wednesday for the massive prize, which has an estimated $366.2 million lump-sum cash value before tax, according to Powerball. Monday’s […]

A new study from Bankrate shows that Americans say they need to earn over $200,000 dollars a year to feel financially comfortable. The average yearly household income in the United States is near $ 70,000 the data also says Americans believe earning $500,000 yearly will help them achieve financial freedom. We’ll get Dr Cheryl McKeever […]

This week Mayor Malik Evans announced the launch of Rochester’s Guaranteed Basic Income program. The pilot program that would give $500 a month to around 350 families. Starting Thursday, June 22 at 10 a.m. with an application form, and will be available for one week. To qualify applicants must: Be 18 years of age or […]

As we move away from physical cash the scammers are still out here getting victims. I saw this story that was out west in San Francisco where thieves. are getting access to people’s money from ATMs. Thieves put glue inside the card reader at a Chase Bank atm forcing customers to use the tap card […]

With More than 60% of professional athletes end up within five years of their retirement. That why the new B.A.L.L. for Life, a partnership with the National Urban League and Experian has started a financial and credit education program. B.A.L.L. for Life (Be A Legacy Leader) was announced at the recent Iverson Roundball Classic. Experian […]

$1.5 Million In Lost Money Returned Everyday The New York State Office of the Comptroller continues its initiative to help New Yorkers get back their lost money. With $1.5 million returned every day, the State Comptroller’s Office holds over 49 million unclaimed funds accounts valued at $18.4 billion as of May. State Comptroller staff will […]