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What Is the Volcker Rule, and How Does It Work?

March 24, 2023 by Brett Tams

The Volcker Rule was established following the Great Recession of the late 2000s and early 2010s. Essentially, the law stops depository banks from making risky and speculative investments with customer deposits. Furthermore, it prohibits banks from owning and investing in … Continue reading →

The post What Is the Volcker Rule, and How Does It Work? appeared first on SmartAsset Blog.

Posted in: Banking, Investing, Money Basics Tagged: 2, 2023, 429, advisor, All, analysis, apple, ask, assets, author, Bank, bank accounts, Banking, banks, before, big, Blog, business, business loans, Buy, buyers, calculator, car, car loans, categories, cnbc, Commercial, commission, commodities, company, Consumers, cost, couple, Credit, Crisis, currency, data, Debt, decades, deposit, Deposits, depression, dodd-frank act, economic recovery, Economics, entry, equity, estate, evergreen_simplefeed_delay, existing, experience, facebook, Fall, FDIC, Federal Reserve, Finance, Financial Advisor, financial advisors, financial crisis, Financial Goals, Financial Wize, FinancialWize, Free, freelance, fund, funds, futures, get started, goals, Google, government, graduated, great, id, impact, index, Insurance, interest, interest rate, interview, Invest, Investing, investment, investment portfolio, investments, Law, Litigation, loan, Loans, Main, Make, making, market, markets, Media, meta, Michigan, mobile, money, More, Mortgage, Mortgages, new, Oil, Operations, or, Other, penny, Personal, personal finance, Planning, points, poor, portfolio, president, products, property, protect, protection, Purchase, questions, rate, ready, Real Estate, Recession, reddit, return, right, risk, savings, Savings Account, Savings Accounts, School, securities, Sell, sellers, short, Small Business, small business loans, social, specialty, speculation, stocks, Style, taxes, time, tips, title, tools, trading, traditional, Treasury, Twitter, value, volcker rule, wall, Wall Street, wants, white, will, work, wrong

10 Best Debt Consolidation Loans for December 2023

March 24, 2023 by Brett Tams

Have you been struggling to deal with credit card debt that never seems to go away? If so, a debt consolidation loan can offer a way out. It won’t make your debt go away, but it will help it become more manageable. And, by setting up the right loan, you can be debt-free in a […]

The post 10 Best Debt Consolidation Loans for December 2023 appeared first on Good Financial Cents®.

Posted in: Debt, Frugal Living Tagged: 2, 2023, 429, ad, Alabama, All, Amount Of Money, annual percentage rate, apr, Arizona, Arkansas, assets, Auto, auto loan, Auto Loans, average, bad credit, bad credit score, balance, Bank, bank account, Banking, banks, basic, big, bills, Borrow, borrowers, borrowing, Budget, Budgeting, business, business loans, ca, california, choice, co-signer, Colorado, company, Connecticut, cons, Consumers, Credit, Credit Bureaus, credit card, Credit Card Debt, credit card payment, credit cards, credit history, credit repair, Credit Report, credit score, credit scores, Credit unions, credit utilization, ct, customer service, data, Debt, debt consolidation, debt management, debt-to-income, Debts, Delinquencies, deposit, Deposits, DTI, estate, existing, expense, expenses, experience, Fall, Fees, Financial Services, financial stability, Financial Wize, FinancialWize, financing, fixed, fixed rate, Florida, Free, funds, Georgia, Get Out of Debt, get started, Giving, Goldman Sachs, good, good credit, good credit score, guide, hawaii, history, home, Home Improvement, How To, how to get a personal loan, How to Get Out of Debt, idaho, Illinois, improvement, Income, index, indiana, industry, Insurance, interest, interest rate, interest rates, Investing, investments, investors, items, lenders, LendingTree, list, loan, Loan origination, Loans, louisiana, low, low rates, LOWER, Main, maine, Make, making, Marcus, Maryland, Massachusetts, md, Medical, medical bills, Michigan, mississippi, missouri, Mistakes, mobile, money, montana, More, more money, Mortgages, most popular, nebraska, Nevada, new, New Jersey, new york, north carolina, offer, offers, opportunity, or, Oregon, Origination, Other, patient, payment history, payments, Personal, personal information, personal loan, Personal Loans, poor, Popular, pros, Quotes, rate, Rates, Real Estate, refinancing, repair, repayment, retirement, Reviews, right, risk, river, save, Save Money, savings, Savings Accounts, search, short, simple, single, sofi, South Carolina, south dakota, space, stable, stocks, student, student loan, Student Loans, Style, Tennessee, texas, the balance, time, title, tools, under, unsecured loans, Utah, vacation, virginia, washington, Washington DC, wealth, Wedding, will, Wisconsin, work, working

Low-interest federal loans available through US Small Business Administration for those hit hard in Pasadena by January 24 tornado – KTRK-TV

March 22, 2023 by Brett Tams

Low-interest federal loans available through US Small Business Administration for those hit hard in Pasadena by January 24 tornado  KTRK-TV

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Using the SBA 7(a) Loan as a Business Acquisition Loan

March 19, 2023 by Brett Tams

An SBA business acquisition loan can be used to purchase an existing company or to buy out partners in your existing business.

Posted in: Moving Guide, Small Business Tagged: 2, 2023, acquisition, acquisitions, Administration, agreements, All, analysis, Applications, ask, assets, balance, Bank, banks, basic, before, Blog, business, business loan, business loans, Buy, Buying, company, Credit, credit history, credit score, credit union, Credit unions, currency, data, Debt, decision, decisions, Development, employer, equity, estate, existing, expensive, Finance, finances, Financial Wize, FinancialWize, financing, fixed, fund, funds, General, good, good credit, government, history, hours, Income, income tax, industry, interest, interest rates, inventory, lease, lenders, lending, list, loan, Loans, Local, Make, manage, money, More, most popular, nerdwallet, new, or, Other, ownership, Personal, plan, Popular, price, project, projects, Purchase, questions, Rates, Real Estate, repayment, returns, Revenue, right, SBA, SBA loans, search, security, seller, sheets, Small Business, Small Business Administration, small business loans, stock, target, tax, tax returns, time, timeline, title, trust, Underwriting, will, work

12 Best Banks for Startups in March 2023

March 16, 2023 by Brett Tams

Starting a business can be tough, but choosing the right bank doesn’t have to be. Discover the top banks for startups.
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How Do Banks Make Money? Income & Profit Creation Explained

March 13, 2023 by Brett Tams

Discover how commercial banks make money. From loans to securities, interchange fees, and customer fees we break down the details of how banks make their money.
Posted in: Business Tagged: 2, 2023, active, All, amortization, apple, ask, assets, ATM, author, average, bad credit, balance, balance transfer, Bank, bank account, Banking, banks, basic, before, bills, bonds, Borrow, borrowers, Budget, build, business, Business Credit, business credit cards, business loans, Buy, calculator, car, car loan, car loans, cars, cash advance, categories, chance, Checking Account, color, Commercial, Consumers, cost, Credit, credit card, credit cards, credit scores, currency, custom, data, Deals, Debit Card, deposit, discover, earn interest, Economics, Economy, equity, existing, expense, expenses, Fall, Family, fed, Federal Reserve, Fees, Financial Wize, FinancialWize, fixed, Free, front, fund, funds, General, good, good credit, Grow, healthy, hold, home, home equity, Home equity loans, HR, Income, Insurance, interest, interest on loans, interest rate, interest rates, international, Investing, investment, investments, layout, lending, lending money, list, loan, loan interest, Loans, Local, low, LOWER, Main, maintenance, Make, Make Money, making, manage, Media, money, More, more money, Mortgage, mortgage calculator, mortgage loan, mortgage loans, multiply, needs, new, offer, Operations, Origination, Other, payments, Personal, personal loan, Personal Loans, place, portfolios, pretty, principal, products, protect, Purchase, questions, Raise, rate, Rates, reach, Rent, repayment, return, risk, save, Saving, saving strategies, second, Secondary, securities, Sell, selling, short, simple, single, social, Strategies, Style, time, title, Top 50, Transaction, transaction fees, Travel, Treasury, treasury bills, Twitter, unique, value, wants, will, withdrawal, work, work out, Zoom

Silicon Valley Bank 101

March 12, 2023 by Brett Tams

What happened – and is happening – at Silicon Valley Bank? Do you need to be worried about another financial crisis?

Posted in: Money Basics, Personal Finance Tagged: 2, 2023, action, All, assets, Bailout, balance, balance sheet, Bank, bank of america, Banking, banks, bills, Blog, bond, bonds, borrowers, buffett, business, business loans, Buy, company, country, crash, Crisis, data, deposit, depression, double, equity, Extra Money, FDIC, financial crisis, Financial Wize, FinancialWize, Giving, Goldman Sachs, good, government, great, healthy, helpful, ice, ideas, Insurance, interest, interest rates, investors, Janet Yellen, Leaders, Learn, Life, Links, loan, Loans, Main, Make, Make Money, making, Media, model, money, Money Basics, More, more money, Mortgage, mortgage loans, needs, new, News, one year, Opinion, Other, ownership, Personal, Personal Loans, podcast, portfolio, price, Prices, protect, quality, Raise, rate, Rates, rise, risk, safe, savings, Savings Account, second, securities, Sell, selling, shares, short, silicon valley bank, simple, single, stage, stock, stocks, story, svb, time, title, Treasury, treasury bills, unique, update, value, Venture Capital, Video, warren, will, work, youtube

How to Build Credit With CreditStrong Credit-Builder Loans

March 3, 2023 by Brett Tams

Want to build your credit score without racking up high-interest debt? CreditStrong may be able to help you achieve your financial goals. Learn more here.
Posted in: Credit 101 Tagged: 2, 2023, active, affordable, All, apple, Austin, author, bad credit, balance, Bank, Banking, bankruptcy, basic, before, Budget, build, build credit, builder, building, Building Credit, business, Business Credit, business loans, chance, chicken, color, Credit, Credit Bureaus, credit card, credit cards, credit history, Credit Report, Credit Reporting, Credit Reports, credit score, credit utilization, data, Debt, diversify, Emergency, Emergency Fund, employer, entry, Equifax, existing, experian, Family, FDIC, fico, Financial Goals, Financial Wize, FinancialWize, fixed, Free, free credit report, Fresh start, fund, funds, future, goals, good, good credit, history, How To, HR, Income, Insurance, interest, interest rate, journey, launch, Learn, leverage, Life, line of credit, list, loan, Loans, low, Make, man, Media, money, More, Motivation, needs, new, offer, offers, Other, payment history, payments, Personal, Planning, plans, points, premium, principal, products, rate, reach, repayment, Review, revolving credit, right, Saving, saving strategies, savings, Savings Account, Savings Goals, single, social, Spending, Strategies, Style, texas, time, time horizon, title, TransUnion, Travel, Twitter, will, work

How to Choose a Bank That Meets Your Financial Needs

March 2, 2023 by Brett Tams

Don’t settle for just any bank. Our guide explains what to look for in a financial institution to find the best fit for your needs.
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Peer-to-Peer Lending 101

February 20, 2023 by Brett Tams

Peer-to-peer lending has come on strong since the financial meltdown – and not by coincidence. That was about the time that banks decided they weren’t lending to anybody. The decision opened up an opportunity for the free market to provide another way for people to borrow money. And that’s when the peer-to-peer phenomenon started getting […]

The post Peer-to-Peer Lending 101 appeared first on Good Financial Cents®.

Posted in: Money Basics Tagged: 2, 2016, 2021, 2022, 30-year, 429, AAMS, Accredited Asset Management Specialist, acquisition, actual, ad, Advertising, advisor, Alabama, All, analysis, applying for a loan, Appreciate, apr, Arizona, Arkansas, author, Auto, Auto Loans, average, bad credit, bad debt, Bank, bank account, Banking, banks, before, Benefits, Blog, blue, book, Borrow, borrowers, borrowing, bridge, business, business loan, business loans, Buying, ca, california, car, cents, Choices, College, college graduate, color, Colorado, commission, company, Competition, Connecticut, construction, cost, Credit, credit cards, credit score, credit scores, Crowdfunding, ct, custom, data, Deals, Debt, debt consolidation, Debts, decades, decision, deposit, disclosure, diversify, education, efficient, employee benefits, Employment, energy, engagement, engagement ring, entry, estate, existing, expenses, expensive, experience, experts, Fashion, FDIC, FDIC insurance, Featured, federal loans, federal student loans, Fees, fico, fico score, Finance, finances, Financial Advisor, Financial Freedom, financial stability, Financial Wize, FinancialWize, financing, fixed, fixed income, fixed rate, Florida, Free, freedom, fund, funds, future, General, Georgia, get started, Getting Started, goals, good, Google, graduated, great, green, guide, hawaii, Hiring, history, hold, home, Home Improvement, hours, house, idaho, Illinois, improvement, Income, indiana, industry, institutional investors, Insurance, interest, interest rate, interest rates, inventory, Invest, Investing, investment, investments, investors, items, landlord, Learn, learned, lend money, lenders, lending, lessons, Life, list, loan, loan approval, Loans, Local, louisiana, low, LOWER, Main, maine, maintenance, Make, making, man, market, Maryland, Massachusetts, md, Media, Medical, medical expenses, Michigan, mississippi, missouri, model, money, money market, money market funds, montana, More, Mortgages, Moving, multiply, nebraska, Nevada, new, New Jersey, new york, new york times, north carolina, offers, oldest, one day, one year, Operations, opportunity, Oregon, Origination, Other, P2P Lending, party, peer-to-peer lending, Personal, personal finance, personal finances, personal loan, Personal Loans, place, planner, Planning, podcast, Popular, portfolio, pretty, private student loans, proof, proof of income, property, Purchase, quality, rate, Rates, Real Estate, Refinance, refinancing, REITs, relocation, Rent, Research, retirement, Retirement Planning, return, returns, Review, Reviews, reward, right, risk, running, safe, salaries, save, Save Money, School, science, SEC, securities, security, selling, short, short-term loans, Side, simple, single, Sites, Small Business, small business loans, social, sofi, Software, South Carolina, south dakota, space, states, student, student loan, student loan debt, Student Loans, Style, Tennessee, texas, The Neighborhood, The Wall Street Journal, time, title, traditional, Treasury, trust, under, Underwriting, unique, united, united states, Utah, variable, Video, virginia, wall, washington, Washington DC, wealth, wealth management, Websites, Wedding, will, Wisconsin, woman, work, work out, working, wrong, youtube
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