Banks
Rochester First reported that 30-year mortgage rates dropped from 7.3% to 6.1% within the last six weeks dropping the monthly cost of buying a home and allowing buyers to be able to spend $40,000 more on a home. Rochester real estate broker says recent interest rate drop means now is the time to buy (rochesterfirst.com)
A Texas woman was arrested after being busted in a multi million dollar scheme by repairing people’s credit. Reports say the scheme was done from November 2020 through March 2022 the woman used fake police reports clearing up close to a million dollars of debt. The fake police reports were sent to multiple financial institutions. […]
New York State is cracking down and limiting bank overdraft and insufficient funds fees. The reason is to encourage financial institutions to “address demand for low-cost banking services.” The insufficient funds and overdrafts fees disproportionately impact individuals with low-income. The Department of Financial Services sent the new guidance to regulated banks in New York State. […]
There is a new proposal by lawmakers for the $600 bank limit. The new proposal comes after the original plan for banks to flag individual accounts with more than $600 then the information to the IRS met backlash. Under the new plan lawmakers released on Tuesday, the amount is now up t0$10,000. Banks would have […]
A bank in Wisconsin is trying to combat the nationwide shortage of coins by creating a program that gives a $5 bonus for every $100 with of coins that gets turned in. Anyone who brings in coins to one of the 7 locations in the state can get a maximum of $500 with the deal. […]
Over the weekend I went to Home Depot to get a few things for a do it yourself project and when I went to pay for my items the sales associate said they are not taking cash. Of course, I would be paying in cash but following my first mind, I brought my card with […]
County executive Adam Bello just announced a new program that offers zero interest on loans. The program is called the Emergency Small Business Assistant Loan Program. It’s designed to help small businesses in our community that are suffering during this world crisis. Small businesses can receive loans up to $10,000 zero interest with 50 employees […]
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