Posts Tagged ‘The New York Times’

Credit unions turn borrowers into savers

Credit unions turn borrowers into savers

Saving money by taking out a loan may sound counterintuitive, but a program offered by some credit unions is aimed at having consumers do just that. “Borrow and Save” programs, which tie small loans to [...]

Marijuana credit union still waiting for the Fed’s approval

Marijuana credit union still waiting for the Fed’s approval

An attempt to provide cannabusinesses with banking services could be blocked by bureaucratic resistance. by: Jacob Sullum The New York Times reports that the Fourth Corner Credit Union, a budding financial institution in Denver that [...]

Household finances may curb holiday spending

Household finances may curb holiday spending

by: Hiroko Tabuchi It’s going to be a frenetic holiday sales season. Kmart has already begun its Christmas advertising blitz, and surveys show a resurgence of interest in Black Friday bargains. Across the country, [...]

Easier ways to make payments with smartphones

by. Molly Wood AT this point, smartphones are practically permanent attachments to our hands. But that quickly changes the moment you need to pay for something at a store and you take out a credit [...]

In a subprime bubble for used cars, borrowers pay sky-high rates

In a subprime bubble for used cars, borrowers pay sky-high rates

by. Jessica Silver-Greenberg and Michael Corkery Rodney Durham stopped working in 1991, declared bankruptcy and lives on Social Security. Nonetheless, Wells Fargo lent him $15,197 to buy a used Mitsubishi sedan. “I am not [...]

Justice Department seeks mortgage deal with Bank of America

Justice Department seeks mortgage deal with Bank of America

by. Jessica Silver-Greenberg and Ben Protess The Justice Department, building on a multibillion-dollar mortgage settlement with JPMorgan Chase last year, is now aiming for a deal with Bank of America. In a move that raised [...]

High finance and financial education

by. Nancy Folbre Web-based financial education sites are eager to tell you how to assess your own credit reports and scores. But it’s not easy to find a credibility report on the sites themselves, [...]

Bank Agrees to Pay Credit Unions $165 Million in a Settlement

Bank Agrees to Pay Credit Unions $165 Million in a Settlement

Bank of America has agreed to pay $165 million to settle accusations from the federal agency that regulates credit unions over sales of mortgage-backed securities by REUTERS WASHINGTON (Reuters) — Bank of America has agreed to [...]

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