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Tax Credit Extension Could Boost 2010 Home Sales

Posted by: RateAPY Bank Rates News
September 30th, 2009

A quarter of prospective first-time homebuyers say extending the $8,000 federal tax credit would heavily influence whether they buy a home before the end of next year, according to a new survey by Zillow.com. The tax credit for first-time buyers is set to expire November 30, but there’s growing talk of extending it another year ... Read more »

FDIC Deposit Insurance Extension Affects CD Term Length Decisions

Posted by: RateAPY Bank Rates News
September 22nd, 2009

On May 20, 2009, the federal government opted to extend through 2013 the temporary increase in the standard maximum deposit insurance to $250,000 per depositor. Consumers wary of the stock market have turned to saving their money in bank certificates of deposit (CDs) as a way to maintain ... Read more »

New Rules for the Credit Road: First of New Credit Card Consumer Protections in Effect Now, and More to Come

Posted by: RateAPY Bank Rates News
September 18th, 2009

The first parts of the new federal credit card rules went into effect last month, and more consumer protection is on the way in February. Now card companies have to give you 45 days notice on interest rate increases, with the chance to opt out, and more time–three weeks–to pay your bill before late fees ... Read more »

Banks Say Watchdog Idea Bites

Posted by: RateAPY Bank Rates News
September 18th, 2009

Banks and other businesses are gearing up to fight President Obama’s proposed Consumer Financial Protection Agency, a watchdog that would oversee mortgages and other consumer loans and monitor compliance with consumer-protection laws. The U.S. Chamber of Commerce announced last week it’s launching a multi-million dollar campaign to derail the plan. The campaign will begin ... Read more »