All Entries Tagged With: "banking business"
FDIC Board of Director OKs Safe Accounts Pilot Program, Savings Account will be FDIC Insured
The FDIC Board of Directors today approved a pilot program to evaluate the feasibility of insured depository institutions offering safe, low-cost transactional and savings accounts. Under the pilot, participating institutions will offer electronic deposit accounts with product features identified in the FDIC Model Safe Accounts Template. Facts that there are a lot of consumers today [...]
American Consumers Opening Fewer Credit Cards: New Yorkers have the most Open Plastics
A recent study that was printed by Experian credit bureau shows that in the last three years consumers throughout the country opened 26% fewer new credit card accounts. The study found that most Americans consumers have become more budget and credit-conscious. The credit monitoring bureau reported that the published information is taken from consumer credit [...]
Citigroup to Invest $100 Million into NYC Affordable Housing Fund
Citigroup, Inc. is planning to invest $100 million fund in low and moderate income housing projects within the city of New York, the bank said Wednesday. The fund, which will be handled by L&M Development, is geared to provide support in preserving and rehabilitating affordable housing in New York City and the outer area by [...]
Personal Loans Being Offered By Various Banks
Despite of weak economic and poor money market some banks are still capable to offer personal loans to their patrons. These are loans that are unsecured and for a term longer than one month. The Citibank offers loans from $300 up to $15,000 for unexpected expenses, a vacation and debt consolidation. Compare to same day [...]
Wells Fargo Eradicate Penalty Interest Rates for Late Payers
The Wells Fargo management team, headquartered in San Francisco, California, publicized that the bank will eliminate the penalty interest rates on credit cards which are imposed when customers are 2 months or more late on their payments, according to Associated Press reports. The bank will be notify their customers regarding the change in their August [...]
Bluepoint Launched Mobile RDC, Mobile Banking
Bluepoint Solutions developed and offered a mobile remote deposit capture (RDC) solution that allows camera-equipped smartphones to be used in depositing deposit checks. The California-based company and provider of document management and Check 21 solutions to approximately 1,000 credit unions said it is utilizing technology from Mitek Systems to power the service that they called [...]
Independent Consultants to Review Credit Union Sector
The Central Bank and Financial Regulator have already announced its plans for an independent review of the Ireland’s 419 credit unions. The Financial Regulator has appointed consultants Grant Thornton to carry out the review. The review was requested by Finance Minister Brian Lenihan. The first phase will look at the financial position of credit unions, [...]
Bank of America Increases Loans to Support Small and Medium-Business and Boosts Job Creation in 2010
Bank of America announced that it loaned $45.4 billion in small and medium-sized business loans in the first half of 2010 to boost the job creation thus year. This amount represents an increase in lending of nearly $9 billion over the same period last year. “Small and medium-sized businesses are central to the nation’s economy [...]
Sovereign Bank Joined Forces with Liberty Mutual to Provide Best Insurance to its Customers
Sovereign Bank and Liberty Mutual Insurance have announced its business partnerships to provide Sovereign customers with Liberty Mutual’s personal insurance products. Liberty Mutual, Boston-based insurance company, is allocating more than 200 Sovereign mortgage development officers to exclusively manage the sales of the company’s auto, home, renters, and personal liability policies throughout 721 Sovereign branches within [...]
Credit Card for Borrowers with Bad Credit
Now there are some new credit cards available now and it’s specially designed for people with bad credit as well as for people with no credit at all. Almost everyone have seen the 0 APR and Capital One Credit Card commercials, but the question is what if you haven’t established credit or have a bad [...]