Category: Banking

Pew Consumer Banking Project Website

Pew Consumer Banking Project Website

Last week in our Post Money Smart Tips for Banking in 2017, we provided some important updates on changes coming to the banking industry.  We thought it would be valuable to continue the banking discussion. After all, your bank is in many ways the center of your money lifestyle.  Everything from your paycheck or client […]

January 24, 2017 | By More
Money Smart Tips for Banking in 2017

Money Smart Tips for Banking in 2017

Refreshing your personal finances at the beginning of the year includes your banking activities.  Today, we thought it would be valuable to share some bank reporting resources to keep you updated on what is happening within the industry.  In general, this valuable information doesn’t make the mainstream media outlets.  Plus, we want to provide you […]

January 17, 2017 | By More
Directors’ College Video Series – The Community Reinvestment Act

Directors’ College Video Series – The Community Reinvestment Act

Before you opt out of reading today’s Post, let me give you one reason you need to take five minutes to continue reading. The Community Reinvestment Act (CRA) was created to benefit you – the consumer and business owners.  Let’s be more specific and to the point.  The leading financial partner of money smart consumers […]

July 12, 2016 | By More
Should Banks Offer Financial Literacy for Small Business?

Should Banks Offer Financial Literacy for Small Business?

Some questions are easier to answer than others.  In today’s blog, we address the question, “Should banks offer financial literacy for small business?”  The answer is a resounding “yes.”  Why?  The main reason is that for small businesses, their first partner in their new venture is a bank.  It is also a mutually beneficial relationship. […]

June 7, 2016 | By More
Privacy Policy: Notice of Privacy Practices for Consumers

Privacy Policy: Notice of Privacy Practices for Consumers

What did you do with the last privacy notice you received from a financial institution or creditor?  I’m going to hazard a guess you glanced at it then proceeded to dump it in the trash bin or file it away.  I understand these privacy notices have a lot of small print and are as dry […]

May 17, 2016 | By More
The Federal Reserve:  History and Purpose of the Fed

The Federal Reserve: History and Purpose of the Fed

At this point, Financial Literacy Month is over a week away.  It seems a good opportunity to talk about the entity – the Federal Reserve – which is at the backbone of the U.S. financial system.  As money smart consumers, it’s important to understand the history of the Federal Reserve and its role in our […]

March 23, 2016 | By More
How to Manage Your Bank Account Statement

How to Manage Your Bank Account Statement

Going completely digital has become standard in today’s world.  When it comes to your personal finances and financial transactions, we are managing everything on provider websites and in the cloud.  As it relates to banking, most customers now receive their bank account statement as e-statements.  It is tremendously convenient and saves on paper and costs.  But, […]

March 17, 2016 | By More
Where Have All the Commercial Banks Gone?

Where Have All the Commercial Banks Gone?

Today we are going to visit a discussion that I thought you should be aware.  Of late, I’ve done a lot of reading about banking trends, particularly as it relates to how and where consumers are performing their bank transactions including lending.  It prompted me to take another look at the number of FDIC commercial […]

February 25, 2016 | By More
Avoid Bank Charges: ABA Offers 8 Tips to Save Money

Avoid Bank Charges: ABA Offers 8 Tips to Save Money

A paper written by Dr. Annamaria Lusardi entitled Financial Literacy: Do People Know the ABCs of Finance? opened with the following statement in the Abstract: “Increasingly, individuals are in charge of their own financial security and are confronted with ever more complex financial instruments.” Although the context of Dr. Lusardi’s paper is not about banking, […]

February 11, 2016 | By More
FDIC Resources for Consumer Protection

FDIC Resources for Consumer Protection

The topics that fall under the term financial literacy are many.  One issue we feel is important to include beneath the financial literacy banner is the principle of consumer rights.  When you understand what consumer rights you have, these can impact your money life in a positive way.  You can truly be empowered when it comes […]

February 2, 2016 | By More