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

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