Rules enforcing the Community Reinvestment Act, a 1977 law encouraging bank lending to low- and moderate-income neighborhoods, are woefully behind the times, according to regulators. Three banking agencies on Thursday…
Small business owners often need financing for a variety of reasons, but sometimes, getting a traditional business loan can be a challenge. That’s because lenders view new businesses that don’t…
Raising a child isn’t cheap, and for many parents, college is the largest cost to plan for. According to the College Board, the average cost of in-state tuition and fees…
Jobs with a pension plan are not as popular as they once were. From 1980 to 2008, the percentage of workers who had access to pension plans fell from 38%…
A 403(b) plan is a tax-advantaged retirement plan that’s designed for certain public or nonprofit private school employees, people who work for other types of tax-exempt organizations, and ministers. Also…
If you’re a new business owner considering applying for a business loan, you need to make sure you’re carefully reviewing your business loan agreement. This document outlines the terms, conditions,…
Definition and Examples of a Jumbo Reverse Mortgage A jumbo reverse mortgage is a type of reverse mortgage available to homeowners over the age of 62. What sets it apart…
One of the most common ways to pay for home additions and upgrades is by tapping into your home equity, such as with a HELOC or home equity loan. But…
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