# Banking
History of Navy Federal Credit Union
Navy Federal Credit Union (or Navy Federal) is a global credit union headquartered in Vienna, Virginia that is chartered and regulated under the authority of the National Credit Union Administration. As of January 2023, Navy Federal has over one hundred fifty-six billion United States dollars in assets and currently has twelve million four hundred thousand members. Obviously, Navy Federal did not start out this way and has an extensive history that eventually allowed it to grow to the size that it is today.
Why California Rents and Mortgages Are Among the Highest in the Country, and if They are Expected to Decrease
In many U.S. areas, a homebuyer can purchase at least double the size of a California home for the same price, or less. This article is based on personal experience and accredited media reports. Linked information within this article is attributed to the following outlets:Google.com and LaJolla.com.
Pennsylvania Sets New Guidelines for Investment Compliance
The Pennsylvania Department of Banking and Securities has just announced their priorities for the Bureau of Securities Compliance and Examinations for the year 2023. The announcement provides a glimpse of what investors and financial advisors should expect in the coming year. The Bureau's priorities are aimed at ensuring investors are well protected and that financial institutions operate within the law.
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Bank Risks and Protecting Your Money
The potential risks of putting your money in a bank, as well as what to look out for in the event of a bank failure. Banks are a common place to store money, but are they always safe? This blog will discuss the potential risks of putting your money in a bank, as well as what to look out for in the event of a bank failure. We will explore the legal protections available, as well as practical steps to protect your money.
Global Central Banks Boost US Dollar Liquidity to Ease Strains in Funding Markets Amid Banking Sector Uncertainty
The recent coordinated action by six of the world's largest central banks to boost the flow of US dollars through the global financial system has reignited concerns about the fragility of the global banking system. While the announcement was made in response to the Credit Suisse merger and other specific issues in identifiable banks, the fear is that a set of common factors could be affecting other institutions.
Trump Administrationration removed the Dodd-Frank regulations that would have prevented the Silicon Valley Bank collapse
Donald Trump's administration reportedly halted the Dodd-Frank regulations that could have prevented the Silicon Valley Bank collapse, which has been in the news over the last week.
Consumer Advocates Call on FDIC to Downgrade FinWise Bank
Group representing consumers says bank partners with predatory lenders, should face a penalty. A national consumer advocacy group is calling on federal regulators to take action against a bank it says is harming consumers through a partnership with a known predatory lender.
Consumer Advocates Call for Oversight, Reform in Wake of Bank Collapses
Failures of Silicon Valley, Signature banks leads to calls for banking reform, increased oversight. In the wake of the collapse of two banks over the weekend, consumer advocates are calling for both banking reform and increased oversight by key regulators. The goal, according to these advocates, is to protect consumers from risks in the financial marketplace.
NJ Launches Emergency Assistance Programs for Companies Impacted by Silicon Valley Bank Collapse
New Jersey Governor Phil Murphy announced the opening of programs designed to provide financial assistance to New Jersey-based companies following the collapse of Silicon Valley Bank last week.
What You Need to Know About Silicon Valley Bank
If you’ve been online or turned on a TV in the last 72 hours, there’s a 99% chance you’ve seen the letters “S-V-B”. The failure of Silicon Valley Bank is being compared to the financial crisis of 2008, but we’re still waiting to see how it will end.
How to navigate volatility and make the most of your investments in 2023
When markets take a downturn, investors may be tempted to seek out safer options for their capital. Of late, the collapse of Silicon Valley Bank and the seizure of Signature Bank by regulators have caused a stir in the markets. Although stocks had recovered to some extent by midday Monday, a number of banking shares were still feeling the brunt.
We Just Witnessed The First Bank Run In Modern History
In 1929, the stock markets crashed and people started taking money out of banks at a breakneck speed. These were known as "bank runs." These were the moments where people would pull out so much money from a bank, there would literally be no money left to take out.
Why the Subscription Economy Is Bad for Consumers
It feels like everything is a subscription these days. From Software-as-a-Service (SaaS) to Hardware-as-a-Service (HaaS) and everything in between, companies are increasingly turning to subscriptions as the new business model.
Banking Advocates Call for Updates to Consumer Privacy Measures
Advocacy group applauds House effort to streamline privacy protections. The Bank Policy Institute, a group representing the interests of banks and bankers in Washington, DC, is applauding efforts in the U.S. House of Representatives to update and streamline privacy protections provided to consumers in the financial marketplace.
AcreTrader Tricks Farmers and Novice Investors into Excessive Fees
AcreTrader is an independent group that connects investors with farmers looking for funding by offering farmers equity funding through leasebacks and then passing those loans to investors. Investors choose which farms or timberland they want to invest in with minimum investment akin to a used car. Their leaseback loans typically last 3-5 years with farmers paid upfront for a portion of future profits. They have been open since 2020 and allegedly have part ownership of over 100 farms with over 305.1 million dollars raised.
Fintech Banking Partner has Status Downgraded by Federal Regulator
TAB Bank dinged by FDIC's "needs to improve" rating. A Utah-based bank was hit with a status downgrade by the Federal Deposit Insurance Corporation (FDIC). The new rating for the bank is "needs to improve" and is related to TAB's partnership with fintech lender EasyPay finance which offers loans for auto repairs and pet purchases at interest rates up to 189% APR.
Dollar General financial services offer bank accounts, debit cards, cash-back, buy-now-pay-later, and money transfers
Did you know that you can manage your personal finances at Dollar General stores just like at your bank? If not, now you do. The company's financial service offerings are focused on improving customer access to banking options and providing payment alternatives (source).