For the first time in nine months, the Federal Reserve looks ready to cut interest rates. It might not be the cure to painfully high borrowing costs that many Americans have been waiting for. Policymakers are expected to trim their key borrowing rate by a quarter of a percentage point…
Image by Getty Images; Illustration by Bankrate Key takeaways Prequalification lets you view your predicted loan rates and approval odds without impacting your credit score. Review each lender’s minimum acceptance criteria and loan terms prior to filling out the application to increase your chances of prequalifying. Prequalify with multiple lenders…
Planning for retirement often comes with questions about when and how you can tap into your savings. One such question many people ask is, “Can I withdraw from my 457 while still employed?” Unlike other retirement accounts, 457 plans (also known as 457(b) plans) have their specific rules and exceptions…
The Show-Me State has a little something for everyone, whether it’s the barbecue scene of Kansas City, the historic charm of St. Louis or the natural beauty of the Ozarks. And unlike many states, Missouri’s housing market still offers a level of affordability that can make homeownership a reality. As…
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The big new fees JPMorgan Chase is planning to charge some financial technology companies may well trickle down to consumers,…
With artificial intelligence beginning to eat away at many white-collar entry-level jobs, and the unemployment rate for recent college graduates…
If a society is going to make intelligent choices in policy, it helps to understand reality, which includes facts and…
New York startup Casap has raised $25 million in new funding to help banks tackle the thorny problem of credit…
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Key takeaways In most cases, homeowners insurance policies do not cover mold damage as it’s often tied to home maintenance. Homeowners insurance policies may provide coverage to remove the mold as part of the mitigation effort to restore your property from a covered peril. Mold…
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Key takeaways A divorce decree outlines which spouse is legally responsible for each debt after the divorce is completed. States either have community…
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When it comes to selling coconut water to the health obsessed, New York’s Vita Coco has served up a master class, schooling even…
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Key takeaways A credit card co-signer is someone who agrees to be legally responsible for repayment of a debt. However, few credit card issuers actually allow co-signers on their card products. Authorized users get access to their own physical card they can use, yet they are not legally…
UPDATE as of June 30, 2023: The Supreme Court has blocked Biden’s student loan debt relief program—which means this forgiveness will not be happening. Well, it’s finally happening . . . maybe. President Biden recently announced his plan to forgive some student loan debt—up to $20,000 per borrower to be exact.…
Key takeaways The Bank of America® Customized Cash Rewards credit card is known for its flexible 3 percent cash back category that you can change up to once per calendar month. You can change your 3 percent category online or through the mobile app. To maximize your purchases, adjust your…
Key takeaways Unlike getting rich quick, building real wealth is about steady, intentional moves like budgeting, saving, investing and managing debt over the course of many years. A solid financial plan can keep you focused and help you make informed decisions. Put your savings on autopilot and knock out high-interest…
Things were looking pretty good for cryptocurrencies and the folks who went all in to “invest” in them . . . for a little while, at least. Cryptocurrencies like Bitcoin, Ethereum and even joke coins like Dogecoin all shot up in value in the aftermath of the COVID pandemic.…
Key takeaways Chase and Wells Fargo issue a range of popular rewards credit cards for consumers and small businesses. Options from both banks include cash back credit cards and travel credit cards that offer point transfers to airline and hotel programs. Before you choose, compare cards based on earning rates,…
Many people in economics, finance, business, and regular consumer life have been waiting for the forecast inflation, the tariff shock, that the Trump administration’s tariff strategy was supposed to bring. And yesterday, the Consumer Price Index inflation numbers came out, with year-over-year numbers reaching 2.7%, which also was the median…
Kraken, one of the largest cryptocurrency exchanges, with $43 billion in assets and 2.5 million customers, is expanding into crypto derivatives in the U.S. in a bid to position itself as a full-service trading house and attract new smart money. The Wyoming-based crypto exchange has actually been offering derivatives in…
Most of us have a hidden talent that we trot out from time to time. Maybe you bake amazing cupcakes or you play the piano—but chances are, those are things you do on the weekends or at family parties. Most of us don’t have the opportunity to share those talents…
OBSERVATIONS FROM THE FINTECH SNARK TANK JPMorgan Chase notified fintech data aggregators that, starting later this year, it plans to charge for access to customer data. Not surprisingly, the responses from the fintech community has been negative and, unfortunately, often overstated or flat out wrong. No amount of belly aching…
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