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Will CIT-OneWest Merger Deliver More Bank for Your Buck?
Yesterday, Jul 29

Will CIT-OneWest Merger Deliver More Bank for Your Buck?

As last week’s proposed acquisition of OneWest Bank by CIT Group illustrates, merger and acquisition (M&A) activity in the banking sector is on a tear, no matter how you parse the numbers. Through mid-May of 2014, there were 87 bank deals, a 32 percent leap over the same period a year earlier and more than double

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Try These 3 Easy Tricks to Avoid the American Express Serve Monthly Fee
Jul 28

Try These 3 Easy Tricks to Avoid the American Express Serve Monthly Fee

To consumers like you and me, monthly fees are the bane of financial accounts. If we’re not paying those fees, we’re jumping through hoops to avoid them. Even for an extremely consumer-friendly prepaid card such as American Express Serve, there’s a pestering $1 monthly fee ($0 in NY, TX and VT). Frankly, it’s not much.

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How Wealthy Executives Still Remain Untouched by the Great Recession and Are Laughing All the Way to the Bank
Jul 26

How Wealthy Executives Still Remain Untouched by the Great Recession and Are Laughing All the Way to the Bank

On the same day as the four-year anniversary of the Dodd-Frank bill — signed into law to make U.S. banks more stable and better capitalized — it was announced that CIT Group had purchased OneWest Bank for $3.4 billion. The two headliners in the deal were none other than John Paulson, who once infamously collected

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Amex Serve Stands as the Better American Express Prepaid Option
Jul 25

Amex Serve Stands as the Better American Express Prepaid Option

Leave it to American Express to make things more confusing in an already-crowded market by offering two very similar options for people who are looking for an alternative to a traditional checking account. They are the Amex Serve prepaid card and the Bluebird account — both of which are assuredly great options. But, if you were

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3 Reasons You Don’t Need to Spend $100 on This Credit Card Innovation
Jul 03

3 Reasons You Don’t Need to Spend $100 on This Credit Card Innovation

In an age where innovation is to be expected at practically every turn, it’s no wonder why so many entrepreneurs are looking towards ways in which to change how consumers handle their personal finances. The days of carrying a number of different credit and debit cards in one’s wallet may soon be coming to an

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Why Bitcoin Payments on iPhones Still Won’t Convince You to Invest In Digital Currency
Jun 10

Why Bitcoin Payments on iPhones Still Won’t Convince You to Invest In Digital Currency

After years of denying Bitcoin users the ability to use digital currency via iPhones and iPads, Apple has changed its mind and announced a new policy that will allow digital currency transactions to occur on iPads and iPhones. Now, apps like CoinJar and Blockchain which are capable of sending and accepting digital currency, are available for

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When Mooching Off Your Parents Is a Smart Idea
May 20

When Mooching Off Your Parents Is a Smart Idea

Thanks to my father (and my age), I have health insurance benefits. I am covered under my dad’s health insurance until 26, so I never had to worry about taking a job that lacked health benefits. This allowed me to continue to focus on my career as a writer, as well as pursue and obtain

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5 Reasons Why a DUI Can Ruin Your Life
Mar 17

5 Reasons Why a DUI Can Ruin Your Life

Driving under the influence can not only deplete your bank balance and ruin your credibility, but cause a great deal of unnecessary stress in your life and the lives of others. This St. Patrick’s Day, you may be planning to celebrate, but remember to drive responsibly, or else you could ruin your life. There is definitely nothing wrong with enjoying yourself with friends

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Chase Stops Cash Deposits Into Accounts That Aren’t Your Own (and It Still Doesn’t Make Sense)
Mar 06

Chase Stops Cash Deposits Into Accounts That Aren’t Your Own (and It Still Doesn’t Make Sense)

“When making a cash deposit, please be ready to show a valid ID and deposit only into accounts that list your name,” states a letter received recently by a JPMorgan Chase bank customer. A new policy move by Chase — America’s largest bank by assets — will change the way customers can make cash deposits.

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You’re More Likely to Read Reviews for Restaurants Than for Banks
Feb 18

You’re More Likely to Read Reviews for Restaurants Than for Banks

Thanks to easy access of the Internet, we have made a ritual out of reading online customer reviews before we make a purchase, patronize a restaurant or book a hotel room. The wealth of crowdsourced, peer advice allows us to make an informed decision when we decide how to spend our money. But, why don’t

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