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Banking

Setting the Record Straight on 97 Percent LTV Mortgages -- They Work

Garrick T. Davis | Posted 01.29.2015 | Business
Garrick T. Davis

Mortgage guarantor giants Fannie Mae and Freddie Mac both recently announced their intent to once again begin purchasing mortgage loans at 97 percent loan-to-value (LTV) in the case of first-time homebuyers.

We Ranked the 10 Best Checking Accounts of 2015

GOBankingRates | Posted 01.21.2015 | Money
GOBankingRates

Of all the places you keep your money, your checking account is the foundation. It's the one of the most popular financial products in the country, used by roughly 200 million Americans, according to the Consumer Financial Protection Bureau.

Reaching the Hardest-to-Reach: Financial Services for Overlooked Populations

Josephine d'Allant | Posted 01.20.2015 | Impact
Josephine d'Allant

The growth of microfinance solutions to address pressing development challenges has brought many of the world's formerly "unbanked" into formal financial systems.

Republicans and Wall Street Say, 'To Hell With Protecting the Public!'

Bill Moyers | Posted 01.25.2015 | Politics
Bill Moyers

[Banks] want to be able to do things their way, and that's very dangerous," MIT economist Simon Johnson tells me. "'Here we go again' -- I think that's the motto for this Congress."

Ranked: The 10 Best Savings Accounts for 2015

GOBankingRates | Posted 01.16.2015 | Money
GOBankingRates

This is the first installment of GOBankingRates' third annual "Best Banks" series, linking consumers with the best banks and bank accounts of 2015.The most popular financial resolution for Americans this year was saving money -- and yet many are largely ignoring the one product designed to help them do just that.

Surprising Findings Point to Perfect Storm Brewing in Your Financial Future

Lynn Parramore | Posted 01.14.2015 | Business
Lynn Parramore

Do we just fasten our seatbelts for a bumpy ride, or is there a way to smooth the path ahead? In this interview, Alan Taylor discusses his findings and suggests ways to safeguard the financial system.

How Digital Money (Bitcoin) Will Change The World

April Rudin | Posted 01.28.2015 | Business
April Rudin

In mid December, Time Inc. was the latest in a string of companies to announce that it would start accepting bitcoin in payment, following on the heel...

Reflecting on MyBankTracker's 2014 Banking Predictions

MyBankTracker | Posted 12.30.2014 | Money
MyBankTracker

Well, 2014 is coming to a close. It's that time when MyBankTracker reflects on the banking trends that we predicted would take focus in the past year....

Cromnibus Postmortem: Democrats Allowed Republicans to Gut Major Legislation

Ian Reifowitz | Posted 12.15.2014 | Politics
Ian Reifowitz

Every single time Republicans threaten to shut down the government when they don't get what they want, we should let them, because every time they will end up forced to back down. The one thing that their ongoing extremism has done is cement in the mind of the American people that they are the crazy ones.

Macro Impact Coming From Microloans in LA

John E. Kobara | Posted 12.04.2014 | Impact
John E. Kobara

I can't think of a better place to unleash this concept than in Los Angeles, where our future is being driven by small business entrepreneurs, especially immigrants. Los Angeles is a city of dreams. We have among the highest entrepreneurial activity in the country.

Are You Throwing Your Money Away?

Ryan Bailey | Posted 12.04.2014 | Money
Ryan Bailey

The technologies and services you're currently using to manage your money could make the most sense for you right now, but one pivotal moment in your life could change that.

An Economic Agenda for America: 12 Steps Forward

Sen. Bernie Sanders | Posted 01.31.2015 | Politics
Sen. Bernie Sanders

The long-term deterioration of the middle class, accelerated by the Wall Street crash of 2008, has not been pretty. Today, we have more wealth and income inequality than any major country on earth.

The Shrews that Tame Wall Street?

Mehrsa Baradaran | Posted 01.24.2015 | Business
Mehrsa Baradaran

In interviews with whistleblowers, many say that they didn't talk sooner because of their loyalty to the institutions they were a part of. Perhaps women, never being fully embraced by the institution, don't develop a deep loyalty, or perhaps only sip the Kool-Aid.

How Innovative Savings Accounts Can Help Low Income Women

Jennifer McDonald | Posted 11.25.2014 | Impact
Jennifer McDonald

These women do not need charity -- they need an innovative approach to banking.

As America Becomes More Diverse, Lending Barriers to Minority Homeownership Demand Serious Leadership

Garrick T. Davis | Posted 01.19.2015 | HuffPost Home
Garrick T. Davis

Recently released mortgage disclosure data findings indicate that a majority of future U.S. households could face significant challenges in achieving homeownership.

Thinking About Their Jobs Makes Bankers Dishonest

AP | By SETH BORENSTEIN | Posted 01.19.2015 | Business

WASHINGTON (AP) — The banking industry seems to bring out dishonesty in people, a new study suggests. A team of Swiss economists test...

The Parable of the Life-Risking, Faithful Servant

Stan Duncan | Posted 01.18.2015 | Religion
Stan Duncan

Today I'm more and more inclined to think that this parable actually has very little to do with "talents" as we know them and much more to do with money and banking and oppression and power, and also one poor, faithful, schlep who stood up to it all and took a hit for it.

Women in Business: Josie Natori, Founder and CEO of the Natori Company

Laura Dunn | Posted 01.15.2015 | Business
Laura Dunn

Josie Cruz Natori is founder and CEO of the Natori Company. Exemplifying her own mantra, she crossed continents, navigated varying careers, and surmounted countless obstacles to create a global brand, Natori.

With Economic Justice For All

The Alternative Banking Group of OWS | Posted 01.11.2015 | New York
The Alternative Banking Group of OWS

With the nomination of Lorretta Lynch for attorney general, it is a crucial time to learn from past mistakes and oversights. We call on Lynch to learn from the past and work towards true accountability and fairness for all.

Is Your Community Bank Well Run?

Mary Ellen Biery | Posted 01.11.2015 | Business
Mary Ellen Biery

The best-run community banks in the U.S. are mostly small, independently owned banks with fewer than a dozen retail branches, less than $500 million i...

Banking Saves Health Care

Eric Silfen, M.D. | Posted 01.07.2015 | Business
Eric Silfen, M.D.

The problem that confronts health care represents a lucrative business opportunity for the industry that does data transaction best: banking.

25 European Banks Fail Stress Test

Reuters | By Laura Noonan and Eva Taylor | Posted 10.27.2014 | Business

FRANKFURT, Oct 26 (Reuters) - Twenty five of the euro zone's 130 biggest banks have failed a landmark health check and ended last year with a collecti...

5 Things Baby Boomers Need To Know About Bitcoin

April Rudin | Posted 12.21.2014 | Small Business
April Rudin

It's a volatile investment, with tremendous upside and tremendous downside. It's not for everyone's portfolio. Before you put any money into it, you should speak with a professional advisor who has done his or her diligence.

Why I hate my new Chase Slate VISA card

Tom Falco | Posted 12.14.2014 | Money
Tom Falco

This morning, it took me one hour to link my new JP Morgan Chase Slate VISA card with my current Chase accounts so that I could easily pay the bill on...

Wells Fargo Employee Calls Out CEO's Pay, Requests Company-Wide Raise In Brave Email

The Huffington Post | Kevin Short | Posted 10.09.2014 | Business

When most employees want a raise, they schedule a meeting with their supervisor or reach out to human resources. A Wells Fargo employee took a mark...