banking
darby-direct.com paying 3.00% APY
By Stealthy at 6 May, 2009, 11:37 pm
I came across darby-direct.com this week and decided to open an online savings with them. They are paying 3% compared to HSBC’s 1.65% I’m currently getting. So far I’ve had no problems except when calling and getting someone. They say they were not prepared to handle the mass amount of applications they were getting after […]
Read More >>HSBC online Savings Rate still 3.00% APY
By Stealthy at 30 December, 2008, 11:08 pm
My wife and I have had a HSBC online savings account for several years now. She has had it before we got married. A few weeks ago when the FED’s cut rates I was sure the HSBC savings rate would fall accordingly, but surprisingly it has continue to stand at 3.00%
FNBOdirect.com cut their rate from […]
Camp out in Chicago - It’s union workers
By Stealthy at 7 December, 2008, 2:16 am
Over 200 employees that work at Republic Windows and Doors factory in Chicago are having a sit-in. They say they are not leaving without assurance they will be paid the severance and vacation pay owed to them.
Factory workers were given 3 days notice that the factory would be closing down. Workers blame Bank of […]
Overdraft Charges, What’s the big fuss?
By Stealthy at 20 October, 2008, 11:44 pm
Just the other day when surfing ripoffreport.com I came across a complaint about overdraft charges. I then searched the site to see how many complaints there were about overdraft charges. THERE WERE 855 MATCHES IN THE SEARCH! I scanned through some of the headlines and not all are exactly about overdrafts, but a good many […]
Read More >>Major Consumer Lending Laws & Regulations
By Stealthy at 18 October, 2008, 12:24 pm
Below are some of the most important consumer lending laws to be passed.
1934 - Securities & Exchange Act, FRS Regulations T, U, X
1968 - Truth in Lending Act (TILA), FRS Regulation Z
1971 - Fair Credit Reporting Act (amended by the FACT Act, 2003)
1973 - Flood Disaster Protection Act
1974 - Real Estate Settlement Procedures Act (RESPA), […]
Federal Reserve System Regulations
By Stealthy at 18 October, 2008, 12:04 pm
Below are the Federal Reserve System’s Regulations from “A to FF”. If you want a description of each you can click here and go to the FRB website.
A - Extensions of Credit by Federal Reserve Banks
B - Equal Credit Opportunity
C - Home Mortgage Disclosure
D - Reserve Requirements of Depository Institutions
E - Electronic Funds Transfer
F […]