Cryptocurrency class action
Vanbex Inc. remains under fire as the legally embattled Vancouver-based cryptocurrency company faces yet another lawsuit relating to its allegedly fraudulent $33 million cryptocurrency sale. On Aug. 26, a class action lawsuit was filed in the Supreme Court of British Columbia on behalf of two B.C. residents who each purchased roughly US$30,000 worth of Vanbex’s […]
Airline must pay nitpickers
The Federal Court has ordered Air Canada to pay a total of $21,000 to two francophones for violations of their language rights, including seatbelts on which the instruction to “lift” the buckle was marked only in English. Michel Thibodeau and Lynda Thibodeau filed 22 complaints in 2016 with the commissioner of official languages for alleged […]
As the school year begins, beware of hackers
Hackers are increasingly targeting the education industry, leaving students’ information vulnerable to identity theft and other types of fraud. Colleges, training providers and other private educational companies received more malicious emails than any other sector in the first quarter of 2019, according to Mimecast, an email and data security company. “Education information is really sensitive, […]
Here’s why a majority of millennials are rejected for loans, credit cards
Approximately 58 percent of millennials Opens a New Window. have been rejected for at least one financial product Opens a New Window. , a new survey has found. The reason, according to the Bankrate.com Opens a New Window. report published Wednesday, is because of their credit score Opens a New Window. . Meanwhile, the survey […]
There are 4 major reasons why those about to retire don’t have enough money in their 401(k)s
Thanks to structural and personal reasons, many workers are falling short of adequately funding their retirement accounts, according to the authors of a new report, titled “Why Are 401(k) Balances Substantially Below Their Potential.” “A 25-year-old median earner in 1981 who contributed regularly would have about $364,000 by age 60 [under ideal conditions], but the […]
Why Are IRA Limits So Much Lower Than Those for 401(k)s?
One of the questions I hear most frequently from colleagues is: Why are IRA limits so much lower than those for 401(k) plans? There is actually a good answer, but it never leaves people feeling good about our retirement system. To be clear, the difference in the limits is unfair: People lucky enough to have […]