The U.S. consumer watchdog, Consumer Financial Protection Bureau, is urging credit card companies to give customers copies of their credit scores for free. Right now, you can get one free credit report a year, but it doesn't include your score and only 1 in 5 people actually do it in any given year. In our poll today, tell us: Do you know your credit score? Cast your vote and post your comments below as well.
Also in the corresponding video, Lauren Lyster speaks with Yahoo Finance Editor-in-chief Aaron Task about some other developing stories, including the Chinese yuan's rapid decline. The currency is headed for its steepest weekly loss ever. Is it a cause for concern?
Also today, Bitcoin exchange Mt. Gox said it was filing for bankruptcy protection after losing nearly 750,000 of its customers' bitcoins. Mt. Gox has outstanding debt close to $64 million. Earlier this week, Mt. Gox shut down its website and cutoff all transactions. The collapse raises new questions about protections for bitcoin users. Meanwhile, Fed Chair Janet Yellen yesterday said, "The Fed doesn't have authority to supervise or regulate Bitcoin." Should Bitcoin be regulated to protect currency holders from losing their money?
And, the Academy Awards ceremony is this weekend. The price of a thirty second ad has jumped to a record $1.8 million, up roughly 10% compared to last year. That’s still less than half of the price of a Super Bowl ad. Are the high ad prices on some telecasts money well spent?
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