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The Federal Reserve approved its second interest rate hike of 2017 last week. It decided to bump the rate by an additional 0.25% to a new target rate of 1.25%. In the aftermath of this move, let’s...
“Where do I put my hard earned cash?”  “Who should I use to finance my auto or home loan?” These are the questions asked by many, and sound decisions must be made in order to preserve and manage...
Starbucks (SBUX) rolled out its new rewards program along with an updated mobile app on Tuesday, April 12.  The rewards will now be based on the amount of money a customer spends and not the...
The slowdown in retail sales growth has been a big surprise this spring, as lower gasoline pump prices were expected to boost spending. What’s going on? Analysts at TIS Group have a fascinating...
Last week, I received a new credit card in the mail. I was puzzled because — my credit card didn’t expire for another three years and I hadn’t reported it stolen. The account number, the...
With the rollout of President Biden’s infrastructure bill, the electric vehicle (EV) megatrend is shifting into higher gear. The bill jacks up tax credits for EVs, making them the obvious choice...
Digital transformation is the single biggest investment theme in a generation. It is changing the way every business makes decisions. You probably know FICO as a place where you can go to see...
Just like banks, credit unions are growing these days … and doing so safely. That’s because favorable regulatory changes, overall economic stability, and low unemployment are boosting loan demand...
Banks aren’t created to provide you with free financial services. They’re here to make money just like any other business. In fact, the U.S. banking industry netted $160.5 billion last year and...
Americans are stretching their debt to the limit. A new report found that 61% of Americans are living paycheck to paycheck.