Banks lend money to borrowers and allow depositors to save money. In light of the 2008 financial crisis, regulation of banks may be updated. How should you interact with a bank? What are some good habits you can follow when using your checking and savings accounts? What other products do banks offer? How save is your money in a bank? Learn about banks here.
When your mortgage is sold, where do you send your payment? When mortgage loans are sold, there must be a company that purchases the rights to service the loan. The company that sold the mortgage is required by federal law to tell you who owns the servicing rights to your loan.
The Netspend card is a stored value card. It looks like a credit card, but acts like a debit card. However, instead of being tied to a checking account, you have to load up the card with cash before you use it. Here are a few of the new Netspend features.
Tracking terrorists and money laundering has become an important part of what banks do every day. Under the Patriot Act, banks have been required to ask their customers more questions about who they are, what they do and how much money they expect to deposit each month. Also, banks are now required to check their customers against a list of possible terrorists. However, it's the consumer and small business owners who pay the price of complying with the Patriot Act, usually through higher fees.
Electronic banking, or e-banking, means you use machines to do your financial transactions instead of people. With electronic banking, you can do your financial transactions any time of the day or night. If you're worried about security, know that banks do everything they can to be sure they have the best online security money can buy.
The international coalition President Bush is building to fight terrorism isn't just about physical attacks. it's also about getting other countries to shut down Osama Bin Laden's access to his case. Here's where the world is today in the drive to cut off the flow of terrorist funds.