With the business market building back up today as it recovers from the latest financial downpour, there are many reasons why individuals will question where it may be better to keep your hard-earned money: credit unions or financial institutions. When you have any amount of spare cash, you will want to make sure that you [...]
February 23rd, 2010 | admin | Comments | ContinuedConsumer Advice Articles
Do Your Own Taxes or Hire a Professional? Wells Fargo (NYSE: WFC) Offers Advice
Many consumers are filing their own taxes this year to save mone in a tight economy. Most surveys indicate that more people are expected to file taxes on their own than ever this year, leaving CPAs and professional prepares to the wayside. Doing your own taxes will save you money, but it’s not for everyone.
Wells [...]
New report shows Citigroup (NYSE: C) and SunTrust (NYSE: STI) face more belt-tightening in 2010
Flurries of new regulations are adding expenses. Failing loans are cutting into revenue. It’s a recipe for continuing budget cuts for many banks.
A report by research firm SNL Financial confirms that cost-cutting is the new normal in banking these days.
In 2010, according to estimates by research firm SNL Financial:
Southeastern powerhouse SunTrust (STI) is expected to [...]
JP Morgan Chase (NYSE: JPM), Disney (NYSE: DIS) Offer New Disney Rewards Debit Card
JP Morgan Chase (NYSE: JPM) announced Wednesday that its Chase banking unit has joined up with Disney (NYSE: DIS) to offer the Disney Rewards Visa Debit Card. The card joins the family of existing Chase Disney Rewards Visa cards previously launched by the pair.
The new card offers members a 10 percent discount on select Disney [...]
Wells Fargo (NYSE: WFC) Poised to Benefit From New Home Loan Disclosures
Wells Fargo (WFC) could serve as a litmus test for how banks across the U.S.will deal with the largest changes to home loan disclosures since the 1970s.
Even as the housing market shows signs of recovery, banks are having to wrestle with the impact of a complete overhaul in the “good faith estimate” document – a [...]
Capital One (NYSE: COF) Introduces “InterestPlus” Online Savings Account
Capital One Financial Corporation (NYSE: COF) announced late last week that it added InterestPlus Online Savings to its line of high-yield direct banking products. The savings account currently offers a 1.6 percent annual percentage rate (APY) on accounts balances of $2,500 or more.
In addition, the account offers customers who hold a Capital One credit card [...]
SunTrust Inc. (NYSE: STI) Expands Live Solid Initiative with Budgeting Application for Facebook
SunTrust Banks, Inc. (STI) has launched Daily Dollar on Facebook. It’s the bank’s latest application in support of its Live Solid initiative.
Daily Dollar taps into two complementary cultural shifts – a desire to rebalance priorities and take control of our finances, and the popularity of social networking as a way of announcing and promoting our [...]
Wells Fargo (NYSE: WFC) and JP Morgan Chase (NYSE: JPM) Report Growth in 15-Year Mortgage Market
As more homeowners look to refinance, Wells Fargo (WFC) and JP Morgan Chase (JPM) are seeing surprisingly substantial increases in the origination of 15-year mortgages.
Through November, Wells Fargo saw 15-year mortgage originations increase by 55% from a year earlier.
Although still a small percentage of the overall market, the recent rock-bottom interest rates are leading more [...]
Wells Fargo (NYSE: WFC) Refinance Rates Set to Increase before Christmas
Wells Fargo refinance rates have recently reached new all-time lows but are now beginning to creep upwards. During the last week in November, refinance rates for mortgages sat around 4.49% for 30 year fixed-rate loans. Since then, the 30-year refinance rate has moved back up to 4.74%.
Much of the increase can be attributed to a [...]
Wells Fargo offering 4.15% 15-Year Fixed Mortgage Refinance Rates (NYSE: WFC)
Wells Fargo’s mortgage refinance rates have hit another all-time low. Currently borrowers are getting mortgage refinances at 4.15% for 15-year fixed-rate mortgages. 30-year fixed-rate mortgages are at 4.54%, which is just above its all-time low of 4.49% that was hit last-week.
The previous record low for Wells Fargo’s 30 year fixed-rate mortgage on a weekly basis [...]
Bank of America’s (NYSE: BAC) Refinance Rates Drop Even Further, Now at 4.55%
Bank of America’s (NYSE: BAC) refinance rates have continued to delve lower as the month of December begins. According to the most recent data, Bank of America’s 30 year refinance rate is currently at an all time low with an average interest rate of 4.55%.
Previous to this new low, the lowest interest rate average had [...]
Discover Card just told me that they are not allowing any balance transfers on any accounts right now. 
Does everyone realize that Citibank owns almost all the credit card divisions of gas card companys and dept. stores including ...
I thought the goal was to increase capital, who would want to lend in this environment of 10% unemployment and ...