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No. This appears to be a check posting error. The bank must correct it. You should notify your bank so it can investigate the error. The bank may require you to complete an affidavit. The time period for this prompt notification may vary by bank and State. deposit account agreement specifies
Bank CD rates, savings account rates and mortgage rates were all lower on the week. Rate reductions were relatively modest for the week ending October 29, 2010 with some of the best CD interest rates remaining unchanged week over week. Credit card rates on new bank credit card offers continued to gyrate without
The Federal Deposit Insurance Corp has been pressing banks and lenders as well as other government agencies to do more to help homeowners who have fallen behind on their monthly payments. The FDIC believes more help should come by means of foreclosure and loan modification programs. The housing crisis is the fundamental force behind the
Weak retail sales, lower consumer confidence and benign inflation data had little to no impact on bank rates during the second week of April. The vast majority of the data released during the week that ended April 12th was positive for bank lending rates or for those who are interested in borrowing including current mortgage
Since the San Diego Chargers delivered such a good performance this weekend, it is only proper that we find a bank in San Diego that offers CD rates which can match the performance of the Chargers. Temecula Valley Bank is our choice for the best CD rates providing above average performance.
Temecula Valley Bank which has
Five Star Bank is engaged in predominantly commercial banking services to business owners, professionals, real estate investors, and individuals in California. The bank was founded in 1999 and is based in Rocklin, California. Five Star Bank is located in the Great Central Valley, with four locations to serve their customers. The bank has branches in
The FDIC recently released an article regarding the topic of certain unfair and deceptive acts within the banking industry. The purpose of the article is on the analysis for determining an FTC Act violation not actual incidences within the banking industry.
In the publication, the standards are reviewed for what constitutes a deceptive or unfair business
Fake check scammers scan newspapers and online advertisements for people listing items for sale, and check postings on online job sites from people seeking employment. They place their own ads with phone numbers or email addresses for people to contact them. And they call or send emails, letters, or faxes to people randomly, knowing
The complete repayment of a loan, including principal, interest, and any other amounts due. Payoff occurs either over the full term of the loan or through prepayments.
Fedwire Funds Service
The Fedwire Funds Service provides a real-time gross settlement system in which more than 9,500 participants are able to initiate electronic funds transfers that are immediate, final, and irrevocable. Banks and other depository institutions that maintain an account with a Reserve Bank are eligible to use the service to send payments directly to,
A self-regulatory organization with authority over firms that distribute mutual fund shares as well as other securities.
Controlling reserves either through availability or the rate at which reserves are carried is the backbone of the Feds forces. Understanding the reserves system is key to understanding why the Fed carries so much control over the whole financial system.
Reserve requirements are the percentage of deposits that depository institutions must hold in reserve and
The Fourth of July celebration was good to the interest rate markets. Borrowing costs dropped and key savings rates increased. We could definitely use more weeks like this to stimulate the economy and help out the consumer with lower borrowing costs and increased savings rates of return.
Weakening economic results in the U.S. are now as
Community Bank was established in 1994 when a group of local business people purchased El Pueblo State Bank in Espanola. El Pueblo State Bank had been chartered in New Mexico since 1973. The first official “Community Bank” offices opened in 1995. In 1999, bank offices were added in Albuquerque, Los Alamos, and at the Wal-Mart
Not all savings account and savings investment vehicles are the same. Don’t assume that all savings products that appear to function like a bank deposit are insured by the FDIC. There are many products and companies that offer bank-like services that do not qualify for FDIC insurance. If you want the security of FDIC insurance
Hatboro Federal Savings has been engaged in mortgage lending since 1941. While the mortgage loan options were somewhat limited during that time, Hatboro Federal has grown to offer a variety of home loans with competitive mortgage rates and varying terms for residents of Eastern Pennsylvania. The bank concentrates their home loan activity for purchases and
Interest rates showed little movement during the week. This is a week in which the government of Greece rushed to convince the EU and the financial markets that it will get its budget and debt under control as interest rates on Greece’s borrowing costs jumped radically over the fear of default and the Fed released
A charge that appears on a periodic statement associated with an extension of credit such as a credit card, that was not authorized by the cardholder or the cardholders’ designee, was not properly identified, and was not accepted by the cardholder or the cardholder’s designee. A billing error can also be caused by a
The FDIC has just made a press release entitled, FDIC to Tighten and Clarify Interest Rate Restrictions on Institutions That are Less Than Well-Capitalized. The releases is regarding an FDIC proposal to reign in banks that are classified as less than Well Capitalized from attracting depositor funds with above average market interest rates. The intentions
Retail money market mutual funds are not rated by rating agencies. All of the underlying securities these funds invest in are rated by credit-rating agencies, but only institutional portfolios tend to be rated.