What Really Happens When A Bank Fails?
As a consumer, any concern you have over a bank(s) failing is understandable. Here, we go over the FDIC's steps and how it will likely handle your money.
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Who Actually Benefits The Most Financially During A Recession?
While you can guess that the wealthiest of consumers can benefit from a recession, there are two other groups that can also come out of a recession better off.
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What To Do If An ATM Fails To Dispense Your Money
At last count (in 2022), there were 451,500 ATMs in the U.S. With this many, it's not impossible for one to glitch. If this happens to you, here's what to do.
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How Much Cash Should You Leave In Your Investment Portfolio?
In a portfolio, you'll want a mix of asset classes, including cash (equivalents). As for how much cash, that'll depend on factors like age and risk tolerance.
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How Interest Rate Changes Affect Banks In The US
In a discussion on interest rate changes and bank profits, it begins with a particular concept: net income interest or NII. For banks, it's a balancing act.
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New CFPB Rule Creates Registry To Track Nonbank Bad Actors
The new rule establishes a registry that will facilitate the CFPB's supervision of certain nonbanks. Its effective date is September 16, 2024.
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Is Paying Off A Car Loan Early A Good Strategy? Here's The Truth
The average auto loan balance grew by 5.2% in 2023, per Experian data. For many, erasing this debt would be helpful, but there are other advantages, too.
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You've Been Warned: This Type Of Savings Account Will Only Hurt Your Finances
When it comes to savings, you have some choices. One key factor to consider is an account's APY. Will your money's purchasing power diminish or grow?
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The Economic Impact Of A Global Tech Outage
The July 19 global tech outage that brought down millions of computer systems served as a stark reminder of how interconnected the world's IT infrastructure is.
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The Wealthy Use High Interest And High Inflation To Their Advantage (& You Can Too)
While your assets won't make you a one-percenter, that doesn't mean you can't use similar tactics used by the wealthy to grow your money, too.
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What To Do When You're Denied A Checking Or Savings Account
Being denied a checking or savings account today doesn't mean you won't be able to secure one in the future. In the meantime, you have a few easy options.
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You've Been Warned: Avoid These Common Home Equity Loan Scams
It takes on average five to 10 years to build up sizable equity in a home. Imagine that equity being stolen from you. Be on the lookout for these scam signs.
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Why You May Want To Think Twice Before Getting A Home Equity Loan
A home equity loan is a common way of accessing your home's built-up equity. This said, you'll want to do the math to know if it's right for you or not.
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The Unexpected Value Of The Rarest $20 Gold Coin
The U.S. circulated gold currency up until 1933, which is where this coin's rarity story begins and why it sold for 945,000 times its value in 2021.
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How Are Interest Rates Calculated For Home Equity Loans?
When taking out a home equity loan, you'll want to be familiar with the current U.S. prime rate and what different lenders might charge on top of it.
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What Actually Drives Interest Rates?
While thinking the Fed sets interest rates isn't entirely inaccurate, there's more to it than that; specifically, a 12-member committee you should know about.
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What's The Average Lifespan Of US Paper Money?
Though not as many people use cash as they once did, many still prefer paper currency. On that note, did you know each bill has a different lifespan.
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Can You Actually Lose Money In A High-Yield Savings Account?
HYSAs definitely earn you more money than a traditional savings account, however, there's one factor to check to ensure you don't lose purchasing power.
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These Are The Worst Places To Keep Your Savings
When figuring out the worst places to keep your savings, consider safety, of course, but also earning potential and how accessible your money will be.
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The Oldest Coin In Circulation
The oldest coin in circulation isn't American, and "oldest" likely doesn't mean what you think. We'll explain, as well as go over the coin's design and history.
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Can You Borrow Money From Chime?
Chime is a banking app, but Chime isn't a bank. It's a fintech company that partners with banks. Among its services is SpotMe. Here's how it works.
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The Unexpected Value Of A Rare Great Depression-Era $10,000 Bill
Between 1930 and 1939, the average hourly wage for a United States laborer was 45 cents. To think that during this time, the U.S. produced a bill worth $10,000.
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The Do's And Don'ts Of Using Zelle
While Zelle may be grouped together with other P2P apps, it actually works quite differently. To better understand, we asked expert Matt Schulz to explain.
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What Do All The Symbols On The $1 Bill Actually Mean?
The $1 bill's design, especially its reverse, is filled with meaning. In fact, it took six years and three special committees to come up with the final design.
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The Real Difference Between Regional And National Banks
When choosing between a regional bank and national bank, you'll want to understand certain differences like size, geographic reach, fees, and product offerings.
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What To Consider Before Buying A Foreclosed Home
If you're considering buying a foreclosed home, note there are unique considerations to this type of property that will change how you go about purchasing one.
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How Banks Bust Criminals For Shady Financial Practices
Ever wonder how banks catch crooks? In the same way that banks monitor customer behavior for marketing opportunities, they also monitor for suspicious activity.
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