Category: New to 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
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
Do I Need to Know How to Write a Check?

Do I Need to Know How to Write a Check?

If you are of an age that you were shopping in stores twenty years ago, writing a check was a more common activity.  Nowadays, if you’re at the checkout waiting for someone to write a check for their purchase, it almost seems an oddity.  So, let’s answer the question.  If you are a millennial or […]

September 1, 2015 | By More
How to Avoid Wire Transfer Scams

How to Avoid Wire Transfer Scams

Scams abound in a wide range of channels to trick the consumer out of their hard earned money.  One of the ways fraudsters do this is through money transfer or wire transfer scams.  Today, we want to refer some excellent articles shares to read about the different types of wire transfer scams that exist.  We also […]

July 7, 2015 | By More