Jani asked: Aren’t they subject to the same rules/regs that banks follow? Wouldn’t reg CC and MMDA apply? I recently started working at a credit union that seems to march to its own drum! We have a random hold policy…depends upon the teller making the deposit! And members can transfer out of their savings multiple [...]
ExpertRealEstateTips asked: Who is responsible for protecting your identity and credit history? Only you are responsible for making sure your personal information is safe. The best way to protect your credit is to check your credit regularly through annualcreditreport.com. If you discover any errors or mistakes, report the errors immediately so the banks and credit [...]
Richard K asked: The Fed apparently is able to monitor the flow of credit between banks. They say it is frozen. Is this based on activity on the Fedwire? e.g. loans of fed funds between banks? repurchase agreements? Can someone tell me what data they monitor. are these data available to me somewhere on the [...]
rinkuoe asked: Their was a regulation for the Banks can not charge more then 24.99% interest on credit Cards Defaulter. They are charging 29.99% now. Is this mean banks are taking everything Granted? Any thoughts ????Anna