Harriet Tubman, an African American abolitionist who led hundreds of slaves to freedom on the Underground Railroad, will have her portrait placed on the front of the $20 bill.
By Kristen Doerer
According to community leaders in Minneapolis-St. Paul, 80 percent of the Somali-Americans there send money back to East Africa. Aid groups say 40 percent of Somalia’s population relies on those dollars -- known as remittances -- to survive. But recently,…
By Elisabeth Ponsot
WASHINGTON — Federal agencies made $125 billion in improper payments last year, including tax credits to people who didn't qualify, Medicare payments for treatments that might not be necessary and unemployment benefits for people who were actually working, said a…
By Stephen Ohlemacher, Associated Press
WASHINGTON — The Obama administration is proposing tougher restrictions on brokers who manage Americans' retirement accounts, reigniting a confrontation with the financial services industry over rules affecting trillions of dollars in 401k and other savings accounts.
By Jim Kuhnhenn, Associated Press
Wednesday's Powerball jackpot has spiked to more than $450 million and is likely to grow. The prize is expected to boost sales this week, but ticket buying has reportedly dropped 35 percent since 2013, which is putting state budgets on…
By PBS NewsHour
Since the American Savings Promotion Act became law in December, banks can now offer prize-linked savings programs, which were previously only available in a handful of states through credit unions. But will the passage of the bill actually help boost…
By Anna Sillers
Between credit cards, debit cards, Apple Pay and Venmo, the need for cash is on the decline -- and so is the ATM. And yet North American and European banks aren’t necessarily decreasing ATM production or removing the machines. Some…
By Dave Sloan
An Israeli-based counterfeiting ring produced and circulated over $77 million of mostly fake $100 bills for more than a decade without being discovered, until now.
New evidence from behavioral economists, researchers who study the psychology behind financial decisions, is at the root of what a number of major companies are using to help consumers get a better fiscal foothold.
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