SunTrust BB&T Merger

The wave of bank mergers has started. Brian Moynihan, CEO of BofA, called it “simply a matter of time,” earlier this year at the World Economic Forum in Davos. Today, BB&T and SunTrust announced a $66 billion merger. If the deal goes through, they will become the sixth largest bank in the United States based on assets and […]

Payday Lending Rules

CFPB Wants to Roll Back Payday Lending Rules

The payday lending industry heaved a collective sigh of relief yesterday. The Consumer Financial Protection Bureau proposed the weakening of Obama-era payday lending rules that required lenders to assess borrowers’ ability to repay. They also limited the number of times a lender could try to withdraw money from a lender’s account to two. Major victory […]

Tax saving planning tips 2018

90% of taxpayers either employ a tax preparer or use specialized software to file their taxes. The U.S. tax code is so complex an entire industry exists just to help Americans file their taxes. According to the IRS Commissioner, John Koskinen, 90% of taxpayers require some type of assistance when filing their taxes. It is […]

government shutdown loans shutdown loans loans for federal employees/workers emergency loan programs federal worker/employee loans furlough loans

Government shutdowns affect millions of people but they are particularly hard on poor families and low-income workers. While Congress and White House staff members continue to get paid 800,000 federal employees have seen their paychecks stop. About 420,000 “essential” employees are working without pay. This includes IRS, NASA, and TSA agents. Approximately 380,000 workers have […]

2019 Study Loan Industry Study

2019 Student Loan Industry Study

You can’t put a price on education, which is a good thing because the sticker shock would put us off it altogether. This comprehensive student loan industry study investigates multiple data sources to reveal the key trends and statistics that define how we finance higher education. Student loans are the fastest growing source of debt […]

uber minimum wage

The New York City’s Taxi and Limousine Commission approved new rules yesterday that are designed to set a minimum wage of $17.22 an hour for Uber and Lyft drivers. Last August, New York’s City Council also set a cap on new vehicle licenses for ride-hail services. The purpose of these measures is to regulate the […]

Financial goals

How To Achieve Your Financial Goals

Many people dream of what they want to achieve, but few actually set concrete goals in order to be successful. In the world of financial goals, there is nothing more important to keeping you focused on the prize than to have clearly defined, measurable, time-sensitive goals. So what is your financial goal? Perhaps you want […]

2019 Mortgage Industry Study

2019 Mortgage Industry Study

This comprehensive mortgage industry study investigates multiple data sources to reveal important mortgage industry trends and statistics. The mortgage industry plays an integral role in the U.S. economy. In 2017, only 21% of people who bought a home paid all-cash for their purchase. Everyone else got a mortgage. Residential property not only provides housing and […]

best citibank credit cards

Best Citi Credit Cards for 2019

Citibank is the third largest bank in the U.S. As you would expect, it has a wide range of credit card options. These are the best Citibank credit cards of 2019. There is a Citi card designed for nearly every type of customer — from students who are first-time credit card users to heavy spenders […]