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March

20
2023
Trends

Today's 30-year mortgage rates plummet below 6% | March 20, 2023

Based on data compiled by Credible, mortgage rates for home purchases have fallen across all key terms since last Friday.

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March

20
2023
Strategy

Pros and Cons of Using a Balance Transfer To Pay Off Credit Card Debt

A balance transfer credit card allows you to transfer the debt balance from other credit cards onto a single card. While there is typically an up-front fee, most balance transfer cards offer a low interest rate for a specific length of time, allowing you to save money on interest while paying down your debt.

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March

20
2023
Industry News

OCC Conditionally Approves Flagstar Bank, N.A. to Purchase and Assume Deposits of Signature Bridge Bank, N.A.

WASHINGTON—The Office of the Comptroller of the Currency (OCC) announced today that it has conditionally approved Flagstar Bank, N.A., Hicksville, New York, to purchase assets and assume certain liabilities of Signature Bridge Bank, N.A., New York, New York.

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March

20
2023
Compliance

How Do I File a Complaint With the Consumer Financial Protection Bureau (CFPB)?

The federal government passes financial regulations to protect consumers from unfair practices. The Consumer Financial Protection Bureau (CFPB) exists to make sure that banks, lenders and other financial institutions follow those regulations. You might not give much thought to the CFPB but it's always operating behind the scenes to make sure that you're treated fairly when it comes to money matters.

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March

20
2023
Trends

Nearly 200 banks at risk of SVB-type collapse, study finds

A new study published on the Social Science Research Network estimates that 186 other banks are at risk of failing like the now-doomed Silicon Valley Bank, USA Today reports. Per the study, the banks could fail if only 50 percent of customers decide to suddenly pull their money, amounting to a run on the bank.

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