Looking to understand how LVNV Funding ended up on your credit report? LVNV Funding is a debt buyer and collector that can purchase your old debts from creditors and report them to credit bureaus. But there are ways to dispute their appearance on your credit report and negotiate for their removal. Learn more about LVNV Funding, their business practices, and how to deal with their appearance on your credit report in this informative article.

The IRS has issued a warning about fraudulent schemes that encourage people to use false wage information on their tax returns to claim credits and receive larger refunds. One scam making the rounds on social media urges people to manually fill out Form W-2 with fake income information and file a bogus tax return electronically, sometimes resulting in refunds of up to five figures. The IRS is working with partners to monitor and prevent these fraudulent schemes and reminds people there is no secret way to get free money or a big refund. Attempting these schemes can result in severe consequences, including a $5,000 frivolous return penalty and criminal charges.

CIT Bank has launched a new savings product called the Platinum Savings Account, which offers an annual percentage yield (APY) of up to 4.40% on balances of $5,000 or more. This rate is 12 times higher than the national average and one of the best rates available in the market. There are no account opening or maintenance fees, and the account offers daily compounding interest. However, the APY drops to 0.25% on balances less than $5,000.

The IRS is reminding retirees who turned 72 in 2022 that April 1, 2023, is the deadline to start taking required minimum distributions (RMDs) from their IRA, 401(k), and other similar retirement plans. This special rule allows them to delay their first RMD until April 1, 2023. Taxpayers who receive their first RMD in 2023, on or before April 1, are required to receive their second RMD by December 31 of the same year. The April 1 deadline only applies to the first year’s required distribution, and all subsequent RMDs must be made by December 31st. Check out the IRS website for useful resources and publications to assist individuals in calculating their RMD.

CIT Bank has announced an increase in the APY for its Savings Connect account from 4.05% to 4.20% effective March 15th, 2023. CIT Savings Connect is a high-yield savings account that allows customers to earn more with the bank’s Relationship Rewards program. Customers can manage their accounts online or on the go with CIT Bank’s digital banking tools, including mobile banking and online banking. CIT Savings Connect is FDIC-insured, providing an added layer of protection for customers’ deposits.

The IRS is opening Taxpayer Assistance Centers on Saturdays (March 11, April 8, and May 13) for walk-ins without appointments from 9 a.m. to 4 p.m. Taxpayers can receive face-to-face help from IRS employees without an appointment during these special Saturday openings, except for making cash payments. Individuals are advised to bring the required documents and information during their visit. And are encouraged to explore self-service tools and resources available on IRS.gov to resolve common tax concerns online.

Axos Bank has increased the maximum APY for its UFB Direct Preferred savings and money market accounts CD accounts to 5.02% APY.

The IRS is warning taxpayers to be cautious of promoters pushing an Employee Retention Credit (ERC) scheme, which has led to an increase in false claims. The promoters of the scheme charge large upfront or contingent fees and may mislead taxpayers by not informing them of the guidelines. Acting IRS Commissioner Doug O’Donnell advises taxpayers to review the guidelines carefully and seek advice from their tax professionals.

JPMorgan Chase & Co is reportedly in talks to acquire SVB Financial Group, with the exception of its commercial banking unit, Silicon Valley Bank. This news comes after reports from Reuters on March 12th, which stated that Silicon Valley Bank had received interest from PNC and Royal Bank of Canada. The acquisition highlights the continued consolidation and acquisition trend in the financial industry. It also underscores the role of regulators in overseeing failed lenders and ensuring that any potential deals are in the best interest of all parties involved.

The recent crisis at Silicon Valley Bank has raised concerns about the stability of banks and the risks of rapid growth and lending. To understand how a bank can come to such a catastrophic end, it’s worth looking back at the example of Washington Mutual (WaMu), once the largest failed bank in US history.