3 New Bank Fees That May Be Coming

Personal Finance

3 New Bank Fees That May Be Coming

3 New Bank Fees That May Be Coming

At a recent discussion among industry experts about the future of mobile banking, fees were a controversial topic. These experts offered several potential business models that could drive the digital banking industry, including a few that would cost consumers. The Digital Management, Inc. (DMI) VIP Think Tank, as the discussion was called, took place at... Read More

You Can Finally Keep Some of Your Leftover FSA Money

Personal Finance

You Can Finally Keep Some of Your Leftover FSA Money

You Can Finally Keep Some of Your Leftover FSA Money

After 30 years, the Treasury Department is losing its “use it or lose it” policy regarding health flexible spending accounts. “To make health FSAs more consumer-friendly and provide added flexibility, the updated guidance permits employers to allow plan participants to carry over up to $500 of their unused health FSA balances remaining at the end of... Read More

Want to Open a Small Business? Lending Is Opening Up

Personal Finance

Want to Open a Small Business? Lending Is Opening Up

Want to Open a Small Business? Lending Is Opening Up

Approved small business loan balances increased 17.8% in the past fiscal year, according to the U.S. Small Business Administration. That contributed to a higher Experian/Moody’s Analytics Small Business Credit Index, which rose from 116.2 to 118.5 from Q2 to Q3 2013. The index measures credit quality for businesses with fewer than 100 employees, and a... Read More

Will Paying Bills Before They Arrive Help My Credit?

Credit Score

Will Paying Bills Before They Arrive Help My Credit?

Will Paying Bills Before They Arrive Help My Credit?

When it comes to building and maintaining good credit, it’s very important to pay your bills on time. So if paying on time is good for your credit, is paying earlier or faster even better?  A reader, Nicole, wondered if she could improve her credit faster if she sped up the process of paying bills.... Read More

This Week in Credit News: CFPB on the Move

Personal Finance

This Week in Credit News: CFPB on the Move

This Week in Credit News: CFPB on the Move

The biggest credit news this week is all about some new actions by the Consumer Financial Protection Bureau. How to Manage Your Elderly Parent’s Money The CFPB recently released some guidelines to help financial caregivers in exercising their fiduciary duties. That may sound more complex than it actually is. About 22 million Americans 60 years... Read More

Mortgage Mischief? Why It Pays to Shop Around

Mortgages

Mortgage Mischief? Why It Pays to Shop Around

Mortgage Mischief? Why It Pays to Shop Around

Home borrowers got a reminder Thursday that the mortgage process remains a potential minefield. A nationwide mortgage firm accused of paying employees bonuses to steer borrowers into less-favorable mortgage terms has agreed to pay $13 million in penalties to settle the charges, the Consumer Financial Protection Bureau announced Thursday. Utah-based Castle & Cooke was accused... Read More

5 Credit Basics Everyone Should Know

Credit 101

5 Credit Basics Everyone Should Know

5 Credit Basics Everyone Should Know

Strong credit isn’t complicated. In fact, you can build good credit by employing some simple habits and being aware of how credit works.  Credit basics were the topic of a recent Google Hangout hosted by Bank of America and the Khan Academy. Credit.com CEO Ian Cohen was a panelist in the discussion, and he and... Read More

What Is a Credit Freeze?

Identity Theft

What Is a Credit Freeze?

What Is a Credit Freeze?

A security freeze, also called a credit freeze, locks down a consumer’s credit file, meaning no one but current creditors can access it, to protect it from potential fraudulent use. It’s an extreme security measure and should be used only if necessary, as in some cases of identity theft. Any American can place a security... Read More

4 Simple Things to Do Every Year to Save Money

Personal Finance

4 Simple Things to Do Every Year to Save Money

4 Simple Things to Do Every Year to Save Money

For many people, managing their finances feels like an overwhelming task. Our lives are incredibly busy as it is, and folks in my line of work tend to throw around acronyms and jargon until too many people just throw their hands up in despair. It all can seem so overwhelming and some of us simply... Read More

The States With the Lowest Real Estate Taxes

Mortgages

The States With the Lowest Real Estate Taxes

The States With the Lowest Real Estate Taxes

Real estate taxes, also called property taxes, are among the many costs tied to homeownership, and they generally hinge on two components of property: location and value. The tax rate is set by local governments, often by city or county, so rates vary within states. The cost is calculated as a percentage of the home’s... Read More

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