07.25.24 INVESTMENT WARNING: Private Placements / When Is A Bank NOT A Bank?

Be aware, falling for this hotly touted investment pitch can burn your wallet - What to know about Private Placements. Also, when is a bank not a bank? Hundreds of millions of dollars have vanished from multiple fintechs, money that was deposited via the fintech apps. Clark did some digging and lets you know what he’s found out.  Beware Of Private Placements: Segment 1 Ask Clark: Segment 2 Fintech Missing Money: Segment 3 Ask Clark: Segment 4 Mentioned on the show: A Real-Estate Fund Industry Is Bleeding Billions After Starwood Capped Withdrawals - The WSJ Can a Patient Advocate Help With Your Medical Bills? How Should I Donate a Non-Working Vehicle? 6 things you need to know before donating your used vehicle NYTimes: What Happens When Your Bank Isn’t Really a Bank and Your Money Disappears? How thousands of Americans got caught in fintech’s false promise and lost access to bank accounts Chase’s plan to charge for checking accounts—and how consumers might respond Report: The #1 Internet Provider in America Fixed Wireless Internet: Using Your Cellular Service Provider for Home Internet What Is Umbrella Insurance and Do You Need It? Clark.com resources Episode transcripts Community.Clark.com Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices