Some unusual interest payments are being made in late August by the U.S. Treasury. Here’s why and how to know if your check is real.
Author: Susan Tompor, Detroit Free Press
Scammers tell people they’re fired or may have COVID-19
The Federal Trade Commission received 83,858 fraud reports through Aug. 9 relating to COVID-19 and economic stimulus. Consumers lost $105.7 million.
Banks are begging for spare change: How long coin shortage could last
The COVID-19 coin shortage has many trying makeshift solutions, including a Wisconsin bank that temporarily offered bonus cash for coins.
How it works
New ☎️ scam
Scammers orchestrate impersonation scheme on Square’s Cash App to steal money
A way to collect cash donations via Square’s Cash App to feed families during the economic fallout turned into a nightmare for one Detroit group.
Credit starts to tighten as job losses remain high
Consumers need to pay attention to alerts from their bank, as more credit card issuers are cutting credit limits and closing cards.
July 15 tax return deadline is right around the corner: What to know
The traditional April income tax deadline was extended this year until July 15 for 2019 tax returns, due to the upheaval created by COVID-19.
Disappearing cash scares consumers in COVID-19 era
Mobile banking is attracting novice customers in the COVID-19 era, and scammers spot an easy mark. Here’s how to protect yourself.
What should you do if you lost or threw away your stimulus?
The IRS said people who have destroyed their Visa prepaid debit cards can request a free replacement through MetaBank. The fee had been $7.50.
Adjustable rate mortgages might not be the deals you think they are
Borrowers need to know how their rate will change if it’s pegged to the London Interbank Offered Rate or LIBOR, which will go away by the end of 2021.