The site is constantly evolving and we are working to make the site better every day. One area which we are constantly working to fill out is our fees section. Today we launched a fees notification link on each "accounts and fees" page of every bank in our system. Clicking the link will help you [...]
The FDIC announced today that two additional community banks have failed in 2012. Premier Bank of Wilmette, IL and Covenant Bank & Trust of Rock Spring, GA are the 14th and 15th banks to fail this year. The FDIC has entered into purchase and assumption agreements with both the International Bank of Chicago (for Premier Bank) and [...]
The Federal Deposit Insurance Corp. (FDIC) decided to extend the comment period on a proposal to implement the requirements in Section 165 of the Dodd-Frank Act (covers risk governance, risk measurement, risk disclosure, risk-based capital and risk control) to require state, nonmember banks and savings associations with more than $10 billion in consolidated assets to [...]
Reviews are an important part of today's decision making process. Whether you're looking for a new checking account, or making a major decision like buying your first home or refinancing your existing one, reviews are one of the best ways that you can get feedback from others about their experience and find the right people [...]
"Give me a lever long enough and a place to stand and I will move the entire earth." Archimedes (c. 287-212 B.C.) In the world of finance and investing, leverage is used as a way to increase the potential return on investment. Basically, you borrow money in order to get more than you normally would [...]
This is a guest post by Jim Miller, Senior Director of Banking Services, J.D. Power and Associates After several years of dramatic changes due to legislation, increased fees and limited credit availability, there finally is stabilization in the credit card industry, and the stability is reflected in a third consecutive year of increased credit card [...]
One of the points of interest to the public is whether or not banks are repaying the TARP funds they received as part of a bailout following the 2008 financial crisis. The Troubled Asset Relief Program was designed to help banks shore up their financial situations. The idea was to provide low-cost loans to troubled [...]
With traditional banks making it harder for people to get approved for loans, many are turning to peer to peer lending. Banks often have hoops for you to jump through, and may perform a hard inquiry on your credit before approving you. And if you want a substantial amount of money for an unsecured loan, [...]
With a number of banks implementing new fees, and cutting services and rewards programs, many consumers are interested in changing banks and how to switch banks. However, the process can be somewhat daunting. In order to help you break it down into manageable tasks, here is a checklist of actions to take: 1. Find a [...]
Have you bounced checks or made overdrafts in the past? Have you ever had a problem opening a new bank account? It may be a result of your previous bank logging a complaint with a company called ChexSystems (consumerdebit.com). ChexSystems is used by the majority of banks and credit unions as a part of the [...]
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