What is going on in Spartanburg?Read More
Irate consumers talk about what it feels like to fall into the payday loan debt trap.Read More
The banks are telling World to expect to borrow less and to pay more.Read More
And as well he should be.Read More
H&R Block provided a review of their 2015 tax season results during a call yesterday evening. Given its scale, Block's results are a good proxy for their entire tax season. The company estimates that it helped to prepare one of every seven returns filed this year. Block says it sold 5.1 million refund transfers and issued another 2.4 million Emerald Cards.
But instead of sticking to a nuts-and-bolts presentation of financial results, Block CEO William Cobb went on at length to discuss the issue of tax fraud.Read More
Square 1 Bank holds more deposits in Raleigh-Durham than any other bank. Given that, they should be held to a high standard for their Community Reinvestment Act obligation. From a purely quantitative perspective, they have done what their regulators asked. But even a simple review of that track record shows that their impact has been minimal. Until PacWest shows that it can do better, the FDIC should block this merger.Read More