While the top ten largest credit unions still hold significantly less in assets than even the top five largest banks, they have been growing considerably in recent years. Just within the last five years, total assets in federally insured credit unions have risen by approximately 45 percent over the past…
Key Takeaways: Transition Challenges: Veterans face unique financial challenges when transitioning from military to civilian life, including employment hurdles, healthcare costs, and housing instability. Employment and Economic Stability: Despite strong leadership skills, veterans often encounter unemployment or underemployment due to skill mismatches. Support from programs like VETS and the GI…
Key takeaways Most unemployment payment delays happen due to missing information, fraud checks, or system backlogs. You can often fix the issue by verifying your ID, submitting missing documentation, or updating your payment profile. While you wait, contact lenders to negotiate temporary relief and use savings accounts or short-term loans…
Good news for those looking for more affordable housing: Rents keep falling. In October, rents fell for the 27th straight month year-over-year and the third consecutive month-over-month according to Realtor.com’s October Rental Report. The median asking rent for a 0-2 bedroom property in the 50 largest U.S. metros was $1,969,…
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The nation’s 75 million Social Security recipients will receive a 2.8% cost of living adjustment (COLA) increase in their benefits…
Historically Black colleges and universities are on the frontlines of the One Big Beautiful Bill Act’s new limits on parent…
The big new fees JPMorgan Chase is planning to charge some financial technology companies may well trickle down to consumers,…
With artificial intelligence beginning to eat away at many white-collar entry-level jobs, and the unemployment rate for recent college graduates…
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Images: Getty Images; Illustration: Bankrate Key takeaways A mortgage prequalification helps potential homebuyers know how big of a loan they might qualify for. Getting prequalified does not negatively affect your credit score — but getting preapproved does. While a prequalification is faster and easier to…
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The Downsides of Credit Card Churning and Why It Is Risky You may be asking yourself, “Those benefits sound great, why is credit…
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The fundamental flaws in the way the Federal Reserve operates these days were on full display Wednesday when Jerome Powell talked to the…
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Almost one year ago, the U.S. economy looked like it was teetering on the edge of a recession. Hiring was faltering, unemployment was rising and annual revisions to employment tallies showed that the job market was in worse condition than previously estimated. Realizing the economy wasn’t as strong as they…
Key takeaways There is no right number of credit cards to own, but in general, most people should consider having at least two in case of emergencies or fraud. Having multiple credit cards helps reduce your utilization rate and provides lenders with more information to better gauge your creditworthiness. If…
Key takeaways Your credit card’s grace period is the time between when your credit card billing cycle closes and your bill is due. In most cases, credit card issuers don’t charge interest on your purchases during the grace period. Once the grace period ends, interest begins accruing on your balances…
As a personal finance journalist and a credit counselor, people often ask me for credit card advice. And I’m happy to give it! But I find myself sharing the same set of basic facts because they’re helpful for so many people. And then it dawned on me: Credit cards can…
Artifical intelligence (AI) is likely to reshape our lives in as big a way as the internet did in the 1990s and smartphones did in the 2000s (scary or exciting as that may be). That means changes to your regular life and your banking life, too. You’re likely encountering AI…
Key takeaways When it comes to earning cash back on popular spending categories, such as dining and travel, the Capital One Savor Cash Rewards Credit Card and the Chase Freedom Unlimited® are both strong choices. The Capital One Savor Cash Rewards Credit Card could be a better long-term fit for…
Key takeaways Discover it® Chrome offers solid first-year value with its unlimited Cashback Match program. The card earns 2 percent cash back at gas stations and restaurants (on up to $1,000 in combined purchases each quarter, then 1 percent), and 1 percent cash back on everything else. You can redeem…
Key takeaways Wyndham Rewards members can earn points by staying at Wyndham properties, shopping with Wyndham partners, making purchases with an eligible hotel credit card and more. Members can redeem points for things like free and discounted stays at Wyndham locations around the world, transfers to airline partners, local tours…
Key takeaways Getting approved for a credit card can be a fairly quick process — sometimes taking just seconds. But other times, it can be slower, with issuers making you wait up to 30 days. Once approved, you’ll typically receive your card within a week, though some issuers may send…
Images by Getty Images; Illustration by Issiah Davis/Bankrate Key takeaways Overdraft fees are down slightly after increasing the previous year. The average fee is now $26.77, down 1 percent from the previous year. If you regularly incur high monthly maintenance fees, ATM fees and receive low interest rates on deposits,…
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