Twitter is not happy about it. Here’s what you need to know. Sallie Mae According to NBC News, which first reported the story, Sallie Mae, the private student loans lender, paid for its employees to vacation in Maui at the Fairmont Kea Lani to celebrate a record year of $5 billion in student loans to 374,000…

Innovations in finance typically feed further innovation. The recent broad adoption of commission-free trading across most online brokerages makes it easier for investors to avoid Exchange Traded Funds (ETFs), and their fees, entirely. Here we’ll explain the pros and cons of doing that. First off, let’s walk through the logic. Say you were paying $5 for a…

Professional, objective financial advice has, until fairly recently, been hard to come by. Countless South Africans have lost money at the hands of salespeople calling themselves financial advisers, who, among other transgressions, have exposed clients to high-risk investments or needlessly “churned” them into new products. Driven by commissions and preying on the vulnerable and ill-informed, they…

Switching banks can be a hassle. That’s particularly true if you’ve got services such as direct deposit of your paycheck and automatic bill payment set up. But there are some good reasons to move your money or to add an additional financial provider. Fortunately,  there are more and better options than ever, thanks to an…