Mortgage Interest Rates are soaring on the back of the news that the Federal Reserve is gearing for a series of interest rate hikes to combat rising inflation. The Mortgage Bankers Association (MBA) said yesterday that the 30-year fixed-rate mortgage...
Overdraft fees made up about 10 percent of big bank profits. They collected more than $30 billion in Overdraft fees in 2020. Bank of America, the nation’s second-largest bank, said that it would cut its overdraft from $35 to $10....
A series of interest rate hikes coming this year, said the Federal Reserve Chairman Jerome Powell during his confirmation hearing before the U.S. Senate Committee on Banking, Housing, and Urban Affairs. The federal funds rate or benchmark rate is currently...
Toyota Motor Corporation came a long way from 1958 when it sold 288 vehicles in 1958. In 2021, the Japanese automaker sold 2.3 million cars in the United States, dethroned General Motors, and became the top-selling automaker in the country....
