One of my banks closed my credit card due to inactivity and having “no banking relationship” beyond the card. When I got the letter in the mail, I started to think: is this even legal? Can the bank close my card for not doing anything wrong?
Bank Credit Laws: Reg Z Read More »
I took a big check to the bank yesterday and was worried that the bank would put a hold on my funds. I decided to look into the laws about holding funds, and thought you might appreciate a quick breakdown on Regulation CC, the Federal regulation on bank holds.
Bank Funds Availability Policies – Regulation CC Read More »
Now that I am closing my Chase card, I have to pick a new one.
The Credit Card Search Begins Read More »
If you have $100 today, what is it worth? What would you pay today to ensure you receive $100 one year from now? Would you pay $95 or $105? Bankers, loan specialists, and mortgage brokers are experts in the time value of money (TVM).
Time Value of Money Explained Read More »
I received a letter this weekend from Chase, the bank where my primary credit card is housed. The letter seemed all nice and fluffy. I am being “upgraded” to a new premier rewards program. I kept reading and everything seemed great… And then I made it down to the end where they drop in a line saying that I will have to pay a $30 annual fee. Not going to happen.
Chase Is Trying to Rip Me Off Read More »
I woke up this morning to a message about one of my banks. I have CDs at New Frontier Bank, a bank located about an hour and a half north of Denver. The bank has gone into FDIC receivership and is now controlled by Bank of the West. The FDIC is paying out insured deposits
The Recession Got Me, But I Am Insured Read More »
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