It’s hard for some people to break out of the tradition of going to a doctor’s office, Ms. Kwong said. Some people simply may not know the services are available or how they work. She said offering demonstrations of the technology might be helpful. “Seeing is believing, for a lot of folks,” Ms. Kwong said.…
Public records show that several current and former executives have obtained large mortgages from the credit union. They include Don Cleary, the Canada president for Marriott International, who received a $1 million mortgage in December 2016; William McGowan, a longtime design and project manager ($875,000 in December 2014); Michael Rhoads, senior director of international accounting…
For years, the John and Wauna Harman Foundation was doing what most small family philanthropies do. It was writing dozens of little checks, deciding at the kitchen table what to give. But then the next generation got involved, and it began to ask what at first glance seems a contradictory question: Could the foundation have…
Promoters say the cards do encourage saving. Greenlight lets parents automatically match money the child sets aside in a savings account. Rates on bank savings accounts are still low — 2 percent is considered generous — making compound interest a hard sell. But parents can direct the app to pay the child their own, personal…
More than 170 House Democrats, nearly the entire caucus, have co-sponsored a bill by Representative John B. Larson of Connecticut that would generally increase benefits by 2 percent (more for people with lower lifetime income; less for those with higher incomes), set a minimum benefit for low-income earners and adopt a potentially faster-rising cost of…
Could this have been a case of planned obsolescence of a nefarious sort, the deliberate ruination of a perfectly good product to spur sales of a new one? I am not convinced that it was, although suspicions have been rampant for years that this kind of behavior might be standard for big tech companies. Facing…
The third bureau, Experian, still requires a PIN to lift a freeze. “We’ve kept this in place as it provides a level of security that the consumer has control over,” a spokesman, Greg Young, said in an email. To lift a freeze, consumers enter personal details on Experian’s website as well as their PIN. If…
Reaction to the new loans has been mixed. Nick Bourke, director of consumer finance at the Pew Charitable Trusts, which supports making affordable small loans available to consumers with appropriate safeguards, said the new loan appeared promising. When the loan program was announced, he tweeted that it was a “game changer.” Pew opposes payday loans,…
This may sound trivial, but behavioral economists say short-term rewards drive long-term results. “The main thing we’ve seen in a variety of studies looking at health incentives is that healthy people are very interested in being in these types of programs,” said Justin Sydnor, associate professor of risk and insurance at the University of Wisconsin…
This week is the 10th anniversary of the collapse of Lehman Brothers, a flash point in the financial crisis. The economy has rebounded since then and the stock market has risen to record highs, but a feeling of caution looms over many investors. One of them is Dan Rasmussen, a contrarian investor who has marshaled…