Weekly Wrap: Liar, Liar

Amy He

By Amy He
Updated on Mon Jul 21, 2014

The only two things you need to know for the week: Manti Te’o and Lance Armstrong. Two major lies revealed in the span of two days — what a week, what a week!

Manti Te’o, linebacker at Notre Dame and poised to play for the NFL, had a “girlfriend” who “died” last year. While we’re never this callous about deaths, this death turned out to be a hoax. So did the girlfriend, since she didn’t exist. We won’t go into the intricacies, but the news rocked both the sports world and the media industry, and rightfully so.

And the sports world’s other Commander-in-Lying is Lance Armstrong. Armstrong gave an exclusive interview to Oprah last night and opened up about his doping charges. In short, he did dope, and he did bully and threaten others who wanted to testify against him. What a stand-up guy.

Good thing MyBankTracker writes about an industry that never lies. Oh wait…

Citibank was revealed to be one of the most-hated companies in America this week. And with all the good things banks keep doing, why wouldn’t they be hated?

It was also revealed earlier that the salary of JPMorgan’s CEO, Jamie Dimon, has been cut in half. Chase posted a disastrous $6 billion trading loss under his lead. Don’t feel too bad for him, though. He’s still getting a $1 million salary along with a $10 million yearly bonus.

We hate to be the bearer of bad news, but Westside Community Bank is the first bank failure of 2013. Check out our list of predictions of other bank predictions.

Green Dot introduced its first mobile checking account. The company, one of the biggest names in the prepaid industry, touts its GoBank as being user-centric, where customers can pay an optional monthly fee depending on how good they feel their service has been.

Some credit cards make it too easy to hack. Here are some workarounds we’ve found for you to earn the most out of certain credit cards.

Savings rates are on a decline, something that hasn’t been changing for the recent months. TIAA Direct drops their savings rate from 1.25% APY to 1.00% APY. Check out what the January rate for your savings account is.

We’ve also got a couple of good tips for those of you who are starting to get your taxes squared away. When getting your refund, it might be a good idea to get it via direct deposit rather than through a physical check.

If you’re regularly contributing to your IRA, don’t make these common mistakes. While you’re at it, fix those credit report errors that have been lingering around forever.

We’re out for the week and we’ll be off Monday for Martin Luther King Jr. Day. Check out to see whether your bank is closed on Monday and have a happy long weekend!


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