Banks want to close branches. Bank of America wants to close the most. What's the impact? Answer: more deposits and more mobile services.Read More
When the St. Louis Fed examined disparities in wealth, African-Americans still came up short even after controlling for age and educational attainment.Read More
Can Wall Street take loan mods to scale? Is this really an opportunity to do it better? On the one hand, plenty of servicers appear to be slow on the uptake. Yet doing that will be depend a great deal upon the availability of housing counselors. Those counselors handle the details of their borrower's paperwork. Housing counseling agencies are finding it more and more difficult to keep their doors open.Read More
A few choice words on why the acquisition of OneWest Bank by CIT Group deserve more attention.Read More
Is someone soliciting holders of prepaid cards to make comment in favor of overdraft to the CFPB?Read More
With the exception of stores in a handful of states, tax filers at Jackson Hewitt stores will be able to get a small advance on their federal refund in 2015.
Online, Jackson Hewitt says that those with a refund due of at least $1,000 can potentially qualify for a $200 advance. I say potentially because it does appear that the company intends to vet their applicants. At our local store, though, the story was slightly different. The refund has now grown to $500 with the condition that approved filers are due at least $1,500.Read More