The Troubled Phase of the Banking Industry

Tomorrow is tax day. What if you can't pay what you owe right now? Understand the penalties: Failure to pay vs failure to file. AND - be aware of tax scams. Also in this episode, the banking industry is going through a troubled phase, making it a difficult time for customers. Banks are closing accounts with no warning, making Clark’s “Noah’s Ark Rule” more important than ever. 

• Tax Day-Failure To File: Segment 1
• Ask Clark: Segment 2
• Banks Shutting Down Accounts: Segment 3
• Ask Clark: Segment 4

Mentioned on the show

• [The Washington Post] If you owe the IRS and can’t pay, this is what you should and shouldn’t do
• No, the IRS isn't calling you. It isn't texting or emailing you, either
• [The Washington Post] Don’t get tricked by these ‘Dirty Dozen’ tax scams
• 5 Tax Scams You Need To Watch Out for in 2023
• Why You Do Not Want To Get a Big Tax Refund Check
• Automatic Bill Pay: How It Works and How To Do It Safely
• What Is a Fiduciary Financial Advisor and Do I Need One?
• NYTimes: Banks Are Closing Customer Accounts, With Little Explanation
• Credit Union Small-Dollar Loan Volume Hit New High in 2022
• Credit Union vs. Bank: What's the Difference?
• How Many Credit Cards Should I Have?
• MyMoneyBlog
• About the FedNow Service

Clark.com resources

• Episode transcripts
• Clark.com daily money newsletter
• Consumer Action Center Free Helpline: 636-492-5275

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