If you have bad credit, it's nearly impossible to make big purchases. The Aspen Institute and Citibank are teaming up to ease the burden on small business owners—everyone from store owners to small transport operators.
A new study of people aged 18-34 published in the journal Social Science Research could have been co-authored by Sallie Mae and Citibank's PR departments. The study found indebtedness had a positive correlation with feelings of self-esteem and mastery. The poorer the young adult, and the more credit card and student loan debt she is carrying, the more confident she feels about her life and her future, at least until age 28 when reality appears to sink in.
The Wall Street Journal is reporting that Citibank disclosed that its iPhone banking app in the U.S. accidentally stored personal user data, including account numbers. The banking giant urged customers to upgrade to a new version of the app after discovering the security flaw.