I can store money in my payment app but is it safe?
Recently, you may have seen in the news media, or in our blog posts, that the Federal Deposit Insurance Corporation (FDIC) bailed out several banks. Due to swift action, these appear to be isolated incidents; however, it has focused businesses on the need to ensure their funds are balanced and properly insured. What hasn’t been…
Student Loan Payment Updates
Student loan payments are likely to begin to resume in June. According to Education Secretary Miquel Cardona, since the emergency period is over, they are preparing borrowers to restart payments no later than June 30. It is important to be prepared for the restart of the payment process and make sure that your budget includes…
What does Secure Act 2.0 of 2022 mean for my business?
The Secure Act 2.0 was part of the omnibus government funding bill passed at the end of 2022. There are many provisions of this act that are intended to encourage Americans to save more for retirement, but it also means that every business has compliance requirements to begin considering. There are two and a half…
What to do in light of the banking collapses?
By now you have probably heard of the bank collapse of Silicon Valley Bank and the subsequent shut down of an additional California bank. Moody’s Investors Service has put six other US banks on review for potential downgrades. What do you need to do as a consumer? For most consumers, the answer is don’t panic!…
