Kasich supporters have the best credit scores — and Clinton supporters have the worst
Thomson Reuters
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Kasich supporters have the best credit scores — and Clinton supporters have the worst (WalletHub)
Almost 60% of John Kasich's supporters have excellent credit scores, the highest proportion among the candidates. Marco Rubio's supporters came in second at 58%, according to WalletHub's presidential credit score survey.
On the flip side, nearly 26% of Hillary Clinton's supporters have bad credit, the largest fraction among the candidates. Supporters of Bernie Sanders and Donald Trump follow closely with 22% and 20%, respectively. Here's WalletHub's chart showing their results:
Thomson Reuters
78% of Americans are willing to delay tax refunds over identity theft fears (Bankrate.com)
Many Americans are willing to wait longer for tax refunds if it would prevent identity theft and related tax refund fraud, according to a new Bankrate.com survey. Of those surveyed, 22% said they would be willing to wait one to two months, and 13% said they would wait even longer.
“The IRS has put stronger protections in place this year to shield taxpayers from identity theft related to refund fraud,” said Bankrate.com tax analyst Kay Bell. “These changes will mostly be transparent to online filers and should not result in extended refund delays."
Advisors are worried about what the Department of Labor's fiduciary rule will mean for their service models (FA Magazine)
A study by Fidelity Institutional released Monday showed that 80% of advisors are "at least somewhat aware" of the proposal, and 73% are concerned the rule will have a negative impact on how they do business, reports Karen Demasters.
“Advisory firms are considering re-evaluating their service models, the products they recommend and the investors they serve in response to the pending DOL fiduciary rule,” says Tom Corra, the chief operating officer of Fidelity Clearing & Custody Solutions.
Goldman Sachs bought a startup that wants to "revolutionize" the retirement industry (Business Insider)
Goldman Sachs will buy Honest Dollar, an Austin, Texas-based startup that serves small businesses looking to set up retirement saving programs for staff, reports Business Insider's Matt Turner.
“We set out with a singular focus: to revolutionize the retirement industry and reach individuals who historically have been underserved,” said co-founder William Hurley in a statement.
Investopedia is launching an eBay of financial advice (Financial Planning)
Investopedia is launching a platform to connect investors who have financial questions with real advisors. "It's a marketplace model, and it's not that dissimilar from eBay. The only difference is that no dollars are exchanged. It's an idea exchange," CEO David Siegel said.
"For investors, it's an opportunity to get answers to their questions while advisors have a chance to demonstrate their expertise to potential clients. And for his part Siegel says that this platform is about valuing the advice of real experts," reports Andrew Welsch.
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