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Not a surprise it appears especially after Fed's rate cut to 0.25% from 1.75% on March 15, 2020.
"...Of the 920 complaints filed about Chime, 197 were tagged as involving a “closed account.” The CFPB’s complaints are labeled inconsistently, and many read more
A former Chicago bank executive was found guilty of charges alleging he conspired with onetime Donald Trump campaign chairman Paul Manafort to exchange risky bank read more
The annualized rate on Series I (for inflation) bonds is now 3.54 percent.
The $10.5 billion Lake Michigan Credit Union said Thursday it plans to acquire the $656 million Pilot Bank in Florida for $96.1 million in cash.
See this article on ProPublica at this URL: https://www.propublica.org/article/chime Summary: Chime, a “neobank” serving millions, is racking up complaints from read more
Wyoming has become the first state to approve and legally recognize a Decentralized Autonomous Organization, the American CryptoFed DAO, a digital currency. The read more
The Federal Reserve probably will need to begin raising interest rates in late 2022 or early 2023 as increased government spending keeps inflation above its read more
Merger just announced.
If the CPI-W increases more than 0.1% year-over-year between the third quarter of the previous year and the third quarter of the current year, Social Security will read more
That scenario included a “severe global recession” that hits commercial real estate and corporate debt holders and peaks at 10.8% unemployment and a 55% drop in the read more
"...St. Louis Federal Reserve President James Bullard told CNBC on Friday that he sees an initial interest rate increase happening in late-2022 as inflation picks read more
Federal Reserve officials left policy unchanged on Wednesday but moved up their expectations for when they would first raise interest rates from rock-bottom, a read more
From The New York Times: "June 16, 2021 Updated 2:35 p.m. ET Federal Reserve officials left policy unchanged on Wednesday but moved up their expectations for read more
The Biden Administration is pushing a new Tax Compliance Initiative. If passed, all banks and financial institutions annually would be required to report to the IRS read more
Investing for income in today’s markets is like slogging across the Sahara Desert looking for a cold drink. With bank savings accounts yielding around 0.04% read more
Private equity firms are buying up insurers - and the policies they hold - at a feverish pace. Some groups, namely financial advisors, fear the trend may be bad for read more
Health care workers at the TCF Center helping to give COVID-19 vaccines were greeted with prizes from a troupe of caped crusaders working with read more
The credit union based in Tysons, Va., 14 miles west of the U.S. Capitol, was the nation’s fourth-largest credit union in December, based on its assets of read more
Because of its deteriorating financial performance, the $132 million Aspire Federal Credit Union in Clark, N.J., has merged into the $26.7 billion Pentagon Federal read more