The financial rule that has been debated for almost a decade finally went into effect

After nearly a decade of back and forth between the financial industry and consumer advocates, the Department of Labor is rolling out the first phase of the so-called fiduciary rule, which requires financial advisers to act in your best interests. #personalfinance Read more »

America’s biggest banks have announced their Venmo competitor, Zelle

The Zelle app is built atop a bank-owned payments network that connects the country’s five biggest banks — and others — including Chase, Citi and Bank of America. Users of Zelle are expected to be able to send money via their phones to recipients who will gain access to the funds immediately. @zelle, @venmo, #personalfinance Read more »