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Yes. In addition, you’re protected by the Electronic Fund Transfer Act, which governs consumer rights involving errors in the handling of electronic deposits, payments or withdrawals, and limits on consumer liability for unauthorized transfers.
The total dollar amount paid to obtain credit.
The notice required by the Equal Credit Opportunity Act advising a credit applicant or existing debtor of the denial of their request for credit or advising of a change in terms considered unfavorable to the account holder.
Deposits denominated in U.S. dollars at banks and other financial institutions outside the United States. Although this name originated because of the large amounts of such deposits held at banks in Western Europe, similar deposits in other parts of the world are also called Eurodollars.
The top CD interest rates available nationally barely budged over the past week. The highest CD rates moved lower on the week but by the smallest of increments and remain in a very tight range. The Selectcdrates.com index of the top ten CD rates for three month CDs, six month CDs, one year CDs, two
In most States, embezzlement is defined as theft or larceny of assets, either money or property, by a person in a position of trust or responsibility over those assets. Embezzlement typically occurs in the employment and corporate settings where property is placed in one’s care.
Interest rates moved out of synch for the first time in several weeks during the final week of September. CD interest rates were lower across the spectrum of maturities as the week came to a close. Bank savings account rates were down as were credit card rates. In the meantime, Treasury rates moved higher week
An internet bank is still a bank. It may be the internet site of existing bank with physical offices or it may be internet based only. In both cases, banks are governed by the Federal Deposit Insurance Corporation. National Banks are regulated by the Office of the Comptroller of the Currency
An organization authorized by statute for ensuring the safe and sound operation of financial institutions chartered to conduct business under that agency’s jurisdiction.
The primary regulators are the following:
OCC (Office of the Comptroller of the Currency)
FDIC (Federal Deposit Insurance Corporation)
FRB (Federal Reserve Bank]
OTS (Office of Thrift Supervision)
NCUA (National Credit Union Administration)
State regulatory agencies
The possibility that a bond owner will receive his or her principal investment back from the issuer prior to the bond’s maturity date.
Those seeking higher interest rates without the need for immediate liquidity can find very good rates of return with bank CDs. Generally, the more you save and the longer the term for the savings commitment, the higher the interest rate on the CD. But interest rates alone don’t always tell the whole story. Most local
Utilize your financial resources wisely. Review your budget along with your debts and assets for optimal asset allocation as well as liability allocation. While investors are often more concerned about shopping and comparing bank rates and saving rates, they ignore the simple debts and expenses. For instance, don’t be in the habit of thinking of
The expenses incurred by sellers and buyers in transferring ownership in real property. The costs of closing may include the origination fee, discount points, attorneys’ fees, loan fees, title search and insurance, survey charge, recordation fees, and the credit report charge.
No, the FDIC does not insure safe deposit boxes or their contents. In the event of a bank failure, in most cases an acquiring bank takes over the failed bank’s offices,
including the locations with safe the deposit boxes. If an insured bank does not acquire the bank and the deposit boxes the safe
You can find the Bank Routing Number and your Checking Account Number within the string of numbers located at the bottom of one of your checks. Make sure you are using a check and NOT a deposit slip, since the numbers may not be the same. If your Account Number is not clearly recognizable, you
An agreement from a bonding or insurance company to guarantee a person’s performance.
CD rates moved higher at the onset of April with the longer term maturities leading the way. The average rate across the most popular CD terms available nationally was up by 8/1000ths of a percent. The average rate on the top ten highest CD rates across multiple terms was 1.084% on April 7th compared to
The banking industry in the U.S. is a highly regulated industry with very detailed and focused regulators. The United States employs a dual system of bank regulation. The Federal Reserve is one of several banking regulatory agencies that operate on the federal level. At the state level, state chartered banks are regulated
Unfortunately no. State statutes govern contracts that cover the payment on checks and they indicate that when dealing with negotiable instruments, words prevail over numbers.
There were mild increases across the board for mortgage rates, CD rates and Treasury rates for the week ending October 5, 2012. The stronger than expected jobs report on Friday was the biggest catalyst of the week that nudged bank rates higher. New loan borrowers and savers need not whimper or cheer, even with the