Key takeaways Technology is making it easier for scammers to defraud consumers out of billions of dollars with different schemes. Lenders that guarantee loan approvals…
Truist Bank, one of the top 10 commercial U.S. banks, offers deposit accounts, loans, mortgages, credit cards and more for both consumers and businesses. Its presence is marked by over 1,900 branch locations spread across…
Photo courtesy of Karen Bennett; Illustration by Hunter Newton/Bankrate Currently, you can lock in annual percentage yields (APYs) on certificates of deposit (CDs) at and slightly above 4% with many nationally available CDs. Only a select few financial institutions offer promotional CDs that earn a 5% APY or greater, and…
Verizon is teaming up with ForgiveCo to clear $10 million in consumer debt for more than 6,500 North Carolinians impacted by Hurricane Helene. The communications company said the debt relief campaign is aimed at assisting with the ongoing recovery following the September 2024 storm.ForgiveCo’s “random acts of kindness” purchased the…
Annual inflation increased to 3% in January, rising above expectations and giving the Federal Reserve further reason to slow down interest rate cuts. Inflation increased 0.5% monthly, slightly exceeding expectations and above the previous month’s increase of 0.4%, according to the Consumer Price Index (CPI) released by the Bureau of…
The Internal Revenue Service has doled out millions of tax refunds amid the ongoing 2025 tax filing season. More than 8 million tax refunds have gone out during the 2025 season as of Feb. 7 and, according to the IRS, those refunds have averaged $2,065 each. When taxpayers receive their refunds,…
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Mortgage rates ticked lower this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage decreased to 6.21% from…
