If you use Venmo, PayPal or CashApp, and have money just sitting around in those accounts, you might want to reconsider moving those funds.

That's because the Consumer Financial Protection Bureau has issued a warning today that people should not store their money for the long term with these apps since those funds may not be covered by deposit insurance in the event of financial distress. 

For more, KCBS Radio's Bret Burkhart and Niki Medoro spoke with Michael Yoshikami,  CEO and Founder of Destination Wealth Management, a Walnut Creek wealth management firm.

If you use Venmo, PayPal or CashApp, and have money just sitting around in those accounts, you might want to reconsider moving those funds.
That's because the Consumer Financial Protection Bureau has issued a warning today that people should not store their money for the long term with these apps since those funds may not be covered by deposit insurance in the event of financial distress. 
For more, KCBS Radio's Bret Burkhart and Niki Medoro spoke with Michael Yoshikami,  CEO and Founder of Destination Wealth Management, a Walnut Creek wealth management firm.

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Warning issued over nonprotected funds stored in apps like Venmo or PayPal

Every weekday at 9:20am on KCBS we're giving you direct access to top experts in various fields.

Today on Ask an Expert, We're taking a closer look at what happened with the Baltimore Bridge collision, and the larger issues that led up to it.

Experts say that the power loss experienced by the cargo ship was HARDLY a one-off, with coast guard records showing hundreds of other instances.

To answer your questions and more, KCBS Radio News anchors Margie Shafer and Eric Thomas spoke with Aarom Davenport, retired senior Coast Guard officer and expert in maritime safety with the nonprofit research organization Rand

Every weekday at 9:20am on KCBS we're giving you direct access to top experts in various fields.
Today on Ask an Expert, We're taking a closer look at what happened with the Baltimore Bridge collision, and the larger issues that led up to it.
Experts say that the power loss experienced by the cargo ship was HARDLY a one-off, with coast guard records showing hundreds of other instances.
To answer your questions and more, KCBS Radio News anchors Margie Shafer and Eric Thomas spoke with Aarom Davenport, retired senior Coast Guard officer and expert in maritime safety with the nonprofit research organization Rand

Ask an Expert: The Baltimore bridge collapse may be a signal for new regulations

Treasury officials announced today that the US will be imposing new sanctions on Iran, in retaliation for its attack against Israel.

This comes as the Biden Administration seeks an economic response to Tehran.. rather than a military one.

For more on this KCBS Radio News anchors Margie Shafer and Eric Thomas spoke with Eric Lob, Politics and International Relations Professor at  Florida International University. He's an expert on politics in Iran and the Middle East, as well as historical and contemporary issues in the region

Treasury officials announced today that the US will be imposing new sanctions on Iran, in retaliation for its attack against Israel.
This comes as the Biden Administration seeks an economic response to Tehran.. rather than a military one.
For more on this KCBS Radio News anchors Margie Shafer and Eric Thomas spoke with Eric Lob, Politics and International Relations Professor at  Florida International University. He's an expert on politics in Iran and the Middle East, as well as historical and contemporary issues in the region

The US announces sanctions on Iran following attack on Israel.

House Speaker Mike Johnson says he'll be pushing along his plan to put a series of foreign aid bills on the House Floor, which could put his job in jeopardy. 

The bills, giving about 95-billion dollars total in aid to Ukraine, Israel and the Indo-Pacific, have drawn sharp criticism from the party's hardliners who say border security measures need to be agreed upon first.

For more on this, KCBS Radio News anchors spoke with KCBS Political Analyst Marc Sandalow. 

House Speaker Mike Johnson says he'll be pushing along his plan to put a series of foreign aid bills on the House Floor, which could put his job in jeopardy. 
The bills, giving about 95-billion dollars total in aid to Ukraine, Israel and the Indo-Pacific, have drawn sharp criticism from the party's hardliners who say border security measures need to be agreed upon first.
For more on this, KCBS Radio News anchors spoke with KCBS Political Analyst Marc Sandalow.

Warning issued over nonprotected funds stored in apps like Venmo or PayPal

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