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AMEX card ranks No. 1 for customer satisfaction

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American Express ranks highest among credit card issuers in overall customer satisfaction, according to a J.D. Power and Associates Credit Card Satisfaction study released this week.
The inaugural study measures satisfaction based on benefits and features, rewards, billing and payment process, fees and rates, and problem resolution. Continue Reading AMEX card ranks No. 1 for customer satisfaction

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Department of Treasury officials said last week that they estimate Social Security is speeding toward a $13.6 trillion shortfall, and that the only solutions to the problem are higher taxes or reduced benefits.
The announcement came by way of a brief, Social Security Reform: The Nature of the Problem. Continue Reading Payroll tax pitched to stave off Social Security shortfall

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Whistle-blowers donning SOX-like sheep’s clothing

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Whistle blowers who file retaliation claims under a provision of the Sarbanes-Oxley Act hardly ever win, and the reason appears to be the motives behind the filings.
So says the University of Nebraska-Lincoln College of Law, which plans to release study results next month of more than 700 Occupational Safety and Health Administration filings made between August 2002 and July 2005. Continue Reading Whistle-blowers donning SOX-like sheep’s clothing

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Baby boomers spending their savings on relatives

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An Ameriprise Financial study shows that two-thirds of the baby boomers surveyed were helping their adult children pay college loans or tuition, and more than half were contributing to the purchase of a car for their children.
Nine in 10 boomers are financially assisting their adult children in at least one area, the study showed. And some boomers also are helping their parents financially. Continue Reading Baby boomers spending their savings on relatives

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Just in time for back to school season, the college savings plan industry has unveiled an array of marketing campaigns
Many of the plans emphasize the benefits of 529s in response to changes in the “kiddie tax,” which was created in 1986 to keep parents from sheltering income by putting accounts in the names of their children. In its original form, a portion of investment earnings held by a child were tax-free. Continue Reading 529 plans poised to grow after ‘kiddie tax’ changes

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Dow Jones Indexes and Barron’s magazine have launched the Barron’s 400 Index which will track the performance of highly liquid U.S. stocks.
Dow Jones Indexes and Barron’s are business units of Dow Jones & Co. Continue Reading Barron’s 400 Index latest stock-tracking offering

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There appears to be no shortage of banks in Fountain.
Within the city limits, there are nine banks, including freestanding and supermarket branches. And, just outside the city limits, there are another three.
But that hasn’t dissuaded People’s National Bank from moving into the market. Continue Reading People’s National joins Fountain banking boom

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U.S. Bancorp is extending a kind, warm invitation to the many baby boomers who aren’t financially ready for retirement.
In June, the bank rolled out a prototype Retirement Planning Center in Minneapolis, where the bank is based. The office is a soft-edged facility that looks nothing like a bank and aims to ease some of the financial complexity and emotional discomfort surrounding retirement. Continue Reading Taking a softer, gentler approach to retirement

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Ent Federal Credit Union will celebrate the grand opening of its Jackson Creek Service Center, 16050 Old Forest Point, from 10:30 a.m. to 2 p.m. Aug. 18.
The 4,000 square-foot service center was designed by architects Keys and Associates and has three drive-through lanes, 24/7 ATMs with cash and check imaging capabilities, and biometric accessed safe deposit boxes. Continue Reading Ent launches newest service center in Jackson Creek

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Wells Fargo moving 76 jobs out of the Springs

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Wells Fargo is cutting about 76 jobs in Colorado Springs as it transfers its home equity loan operation to similar facilities in Phoenix and Des Moines, Iowa.
“The home equity environment that we are currently experiencing has changed dramatically,” said Mary Berg, Wells Fargo spokeswoman. “Home equity had been growing at a very large rate in the past five years, and recently we’ve seen business slow down a bit.” Continue Reading Wells Fargo moving 76 jobs out of the Springs

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