During the first three months of the year, borrowers took advantage of lower-than-expected mortgage rates to reduce their monthly payment and shorten their loan term.
Regions Bank unlawfully charged a total of $49 million in overdraft fees to consumers who had not opted-in for overdraft coverage, the U.S. Consumer Financial Protection Bureau said Tuesday.
A longstanding practice by American Express “results in higher costs to all consumers who purchase goods and services from these merchants,” the federal judge ruled.
Approval rates at big banks — with $10 billion in assets — continue to climb in large part because of more favorable interest rates, compared to competitors that include small banks, alternative lenders and credit unions.
At no point did NewDay disclose to consumers that the veterans’ organization had a financial relationship with NewDay, the CFPB alleges.
Many consumers with down payments below 20 percent can save $2,251 to $12,026 in just five years by choosing private mortgage insurance, the WalletHub report finds.
You can avoid these fees as long as you have enough money on deposit. However, lines of credit, mortgages, credit card and loan balances will no longer be counted toward that limit — making it more difficult for other customers.
This is the sixth consecutive month that big bank approval rates have reached a new post-recession high on Biz2Credit’s index.
Taking out a reverse mortgage is a big decision that requires careful consideration, even more so now with at least two important updates that can help borrowers protect their investment, according to the U.S. Consumer Financial Protection Bureau.
The checking account from Green Dot Bank doesn’t charge overdraft fees, minimum balance fees or monthly fees with qualifying direct deposits. A monthly fee of $8.95 is waived if a direct deposit of $500 is made each month.