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High-yield savings accounts are like traditional brick-and-mortar savings accounts, but they generally offer much higher rates. Featured Nationally Available Deposit RatesBest High-Yield Savings Accounts TodayThe best high-yield savings accounts will have a strong interest rate, good perks, and national accessibility. The Different Types of Savings AccountsThere are six types of savings accounts: traditional savings accounts, high-yield savings accounts, money market accounts, certificates of deposit, cash management accounts, and specialty savings accounts. Alternatives to High-Yield Savings AccountsHigh-Yield Savings Accounts vs. CDsThe best CD rates are comparable to the best high-yield savings account rates. High-Yield Savings Accounts vs. Money Market AccountsMoney market accounts are similar to high-yield savings accounts, but they typically make it easier to access your savings.

Persons: hasn't, EagleBank, Ronald D, Paul, Webster, Forbright, You'll, Ivy Bank hasn't, Raisin, BMO Harris, you'll, Synchrony, they're, you've, Roger Ma, Mykail James, that's, it's, Sophia Acevedo, Tania Brown, we've Organizations: FDIC, Business, DCU, Federal Credit Union, Savings, Digital Federal Credit Union, BBB, Flagstar Bank, Securities and Exchange Commission, Western Alliance Bank, Yield, BrioDirect, Webster Bank, Forbright Bank, Federal Deposit Insurance Corporation, Ivy Bank, Cambridge Savings Bank, Better, Western Alliance, Raisin, BMO, BMO Alto, BMO Financial Group, I Bank, Bank, Better Business, Securities and Exchange, SEC, Cash, Synchrony, Governors, Federal Reserve, United States, Credit Union, Newtek Bank, Federal Locations: Massachusetts, New Hampshire, Virginia , Maryland, Washington, California , Nevada, Vermont, Maryland, Virginia, United States, California, Minnesota, Chevron

Ally Savings Account FeaturesInterest Rates and APYThe Ally Savings Account interest rate is strong. How Ally Savings WorksAccount Opening ProcessLike many online banks, opening a savings account with Ally is pretty easy and quick. How Ally Savings Account Rates CompareAlly Savings Account vs. If you're just looking for a savings account (and maybe a CD), you might like the Marcus High Yield Online Savings Account. Ally Savings Account FAQsIs the Ally Savings Account safe?

Persons: Ally, Ally doesn't, You'll, Marcus, you'll, Ally Bank doesn't Organizations: Ally, Ally Bank, Savings, Surprise, Social, Discover, Discover Bank, Marcus, Ally Savings, Bank Locations: you'll

Earn 5.26% APY with a NexBank High Yield Savings Account. It got me thinking about the money I have stashed away in my current high-yield savings account at Ally, paying 4.20% APY. Here's why I'm sticking to my current savings account. With Ally, I can enjoy the fact that there are no monthly account fees, nor a minimum balance requirement. That's more money than I would ever feel comfortable keeping in a short-term savings account, let alone locked for a long stretch.

Persons: I've, Ally, There's, you'll Locations: Michigan

Here are the best mortgage lenders for first-time homebuyers and the affordable loans they offer, as chosen by Business Insider editors in 2024. If you're a Bank of America Preferred Rewards customer, you can get discountsCheck mark icon A check mark. Offers many unique types of mortgagesCheck mark icon A check mark. Low Cost Mortgages come with only $295 in closing costsCheck mark icon A check mark. Mortgage credit certificatesSome HFAs also offer mortgage credit certificates to first-time homebuyers.

Persons: It's, Chase, Grant, You'll, Carrington, Carrington doesn't, forbearance, HELOC, homebuyers, Truist, doesn't, Flagstar, they're, homeownership, Fannie Mae, Freddie Mac's, you'll, Anthony Park, Molly Grace, Julie Aragon, There's, Lauryn Williams, —, there's, PenFed, USAA, Wells, Wells Fargo, Ally Organizations: Homebuyers Bank of America Mortgage, Mortgage, Chase, Federal Credit Union Mortgage, New, U.S, Bank Mortgage, Federal Savings, Loan, Truist, Flagstar Bank, Business, Bank of America, of America, FHA, Bank, Bank of, Bank of America's, Miami . Bank of America, USDA, Guild Mortgage, Veterans, Navy, Credit, Federal, Navy Federal, Navy Federal Credit Union, Department of Defense, Student Loan, . Bank, US Bank, U.S . Bank, Carrington Mortgage, Carrington Mortgage Services, Consumer Financial Protection, DC, Private Mortgage Insurance, PMI, Down Payments, Quicken, Rocket Mortgage, Rocket, CrossCountry Mortgage, CrossCountry, Loans, Flagstar Bank Mortgage, Federal Housing Finance Agency, Federal Housing Administration, US Department of Housing, Urban, US Department of Veterans Affairs, US Department of Agriculture, Best, Chevron, CFP, Pentagon Federal Credit Union, BBB, Fairway Independent Mortgage Corporation, Veterans United, Movement Mortgage, NBKC, PNC Bank, Better Business Bureau Locations: VA, HELOC, Washington, DC, Charlotte, Dallas, Detroit, Los Angeles, Miami, Delaware, Vermont, Delaware , Vermont, Wyoming, J.D, New York, ., U.S, Massachusetts, North Dakota, Ohio, Florida, California , Colorado , Connecticut, Georgia , Illinois , Indiana , Kentucky, Maryland , Massachusetts , Missouri , New Hampshire , New Jersey , New York, North Carolina , Ohio , Oregon , Pennsylvania, South Carolina , Tennessee, Virginia, Tennessee, Arizona , Alaska, Hawaii, Arizona , California, Florida , Indiana , Michigan , New Jersey , New York , Ohio, Wisconsin, Flagstar, Arizona , California , Connecticut , Idaho , Michigan, Nevada , Ohio, New Mexico, Chevron, Wells Fargo

Your mortgage interest rate is based in part on how risky lenders consider you to be as a borrower. Use these strategies for lowering mortgage interest rates. Improving your credit scoreRaising your credit score is one way to get a lower interest rate on your mortgage. The role of credit in mortgage ratesThe impact of credit scores on mortgage rates is significant. Locking in your rateA rate lock lets you cement your interest rate while you finalize your home purchase.

Persons: They'll, they'd, Freddie Mac, —, you'll Organizations: ICE Mortgage Technology, PenFed Credit Union, New, Mortgage, Survey Locations: Portland , Oregon, California

The Equal Credit Opportunity Act prohibits discrimination in credit transactions. However, it's worth acknowledging that things aren't as bleak as they were decades ago — and a big part of that credit goes to the enactment of the Equal Credit Opportunity Act. What is the Equal Credit Opportunity Act? The Equal Credit Opportunity Act (ECOA) is a federal law that promotes fairness and prohibits discrimination in credit transactions. Your rights under the Equal Credit Opportunity ActBefore applying for a loan or taking out a line of credit, make sure you know your rights under the Equal Credit Opportunity Act so you're not taken advantage of.

Persons: ECOA, I've, Dominic James Murray, Cameron James, JPMorgan Chase Organizations: Black, Regulation, United States, Independent, Southern, of New, JPMorgan Chase, JPMorgan, telltale, Chevron, Consumer Financial Protection Bureau, National Credit Union Administration, Federal Reserve Board, Federal Deposit Insurance Corporation, Department of Justice Locations: of New York, Chevron

Here are the best retirement plans, calculators, investment strategies, and tips you can use to ensure your retirement savings plan is on track. Understanding retirement needsAssessing your retirement needsUnfortunately, there's no general number to aim for when saving toward retirement. Financial experts recommend delaying Social Security until you reach full retirement age (age 70). This rule states that retirees can withdraw up to 4% of their retirement savings in year one of retirement. The 4% rule in retirement planning suggests withdrawing 4% of your retirement savings each year to prevent you from prematurely running out of money for at least 30 years.

Persons: there's, you'll, doesn't, Roth, IRAs, They're, Jim Ludwick, Ludwick, Tolen Teigen, Everyone's, It's Organizations: Fidelity, Social Security, Security, Garrett Planning, Consulting, Chevron, Business Locations: U.S

Navy Federal Student Loan AlternativesNavy Federal Student Loans vs. Ascent Student Loans ReviewNavy Federal Student Loans vs. Sallie MaeSallie Mae Graduate Student Loans have a late payment fee of 5% of the amount due, capped at $25. Read more about how we rate student loans »Navy Federal Credit Union Student Loan FAQsIs Navy Federal a trustworthy company? Are Navy Federal student loans federal or private? Navy Federal Credit Union student loans are private loans, not federal loans.

Persons: You'll, you'll, Sallie Mae Sallie Mae, Sallie Mae, Q Organizations: Federal, Navy Federal, cosigners, Navy Federal Credit Union, . Navy Federal Credit Union, Cons Navy Federal Credit Union Student, Social, Loan, Navy, Chevron, Federal Credit Union, Better, Bureau Locations: Chevron

Introduction tothe Navy Federal Credit Union GO REWARDS® Credit CardThe Navy Federal Credit Union GO REWARDS® Credit Card has no annual fee and earns a decent rewards rate on gas purchases and dining out. Navy Federal Credit Union GO REWARDS® Credit Card RewardsWelcome BonusThe Navy Federal Credit Union GO REWARDS® Credit Card does not offer a welcome bonus. Navy Federal Credit Union GO REWARDS® Credit Card Benefits and FeaturesWhile the Navy Federal Credit Union GO REWARDS® Credit Card doesn't offer many robust perks and benefits, some notable features merit a mention. Navy Federal Credit Union CardsThe Navy Federal Credit Union GO REWARDS® Credit Card, Navy Federal Credit Union cashRewards Credit Card and Navy Federal More Rewards American Express® Card are all no-annual-fee cards, but the welcome bonus and reward structure on each card varies. Navy Federal Credit Union GO REWARDS® Credit Card Frequently Asked QuestionsHow do I earn points with the Navy Federal Credit Union GO REWARDS® Credit Card?

Persons: cardholders, pesky, you'll Organizations: Business Insider, Citi, Navy Federal Credit Union, Navy, Credit, National Guard, Department of Defense, DOD, Federal Credit Union, Visa, Mastercard, The Navy Federal Credit Union, GO, Navy Federal, Card, Walmart, Federal, American, Chase Locations: United States, Chevron

There are many reasons why a credit card might be declined, including fraud protection. "Having your credit card denied isn't something to be embarrassed or ashamed about," says Kristy Kim, CEO and founder of lender TomoCredit. You hit your credit limitYour credit card may be declined if you hit or are approaching your credit limit. Your credit card is expiredYour card will also be declined if it's past the expiration date. How to prevent your card from being declinedTo prevent your credit card from being declined, know your card's expiration date and notify your credit card company of international travel plans.

Persons: Kristy Kim, TomoCredit, you've, Melinda Opperman

Introduction to earning credit card rewardsCredit card rewards can put cash in your pocket or help you jet off on an exciting trip. Pay down balances early to avoid a high utilization ratioAnother important credit scoring factor is your credit utilization ratio — a comparison of your revolving accounts' credit card balances and credit limits from your credit reports. Closing a card might also hurt your credit scores if it was your only credit card. There are a lot of misconceptions about how closing a credit card can impact other aspects of your credit scores. If you have more than one account to manage, you may find it helpful to use a credit card rewards app to track your rewards.

Persons: Chase, it's, cardholders, Garner Organizations: Business, American Express, Citibank, Planning, Chase, Services, Mastercard, Sapphire Reserve, Chase Travel, Chevron

☆ Stock market today: Indexes rise as traders assess earnings and retail sales beat estimates
▼ + stars: | 2024-07-16 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Bank of America earnings topped estimates, and shares rose early Tuesday. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS stocks climbed higher as fresh data indicated that consumers were still spending. Excluding autos, sales rose 0.4% against estimates of a 0.1% increase. In the bond market, the 10-year Treasury yield slid moderately, after comments dovish were made by Federal Reserve Chairman Jerome Powell.

Persons: —, Robert Frick, dovish, Jerome Powell Organizations: Bank of America, Service, Navy Federal Credit Union, Bloomberg, Treasury, Federal

☆ With CDs topping 5% APY, I asked financial advisors for their best tips to earn more on my savings
▼ + stars: | 2024-07-04 | by ( Jen Glantz | ) www.businessinsider.com time to read: +5 min

I started investing a lot of my savings in CDs this year when I saw how high APYs are right now. In order to make sure I'm getting the most out of my CD strategy when average CD rates are high, I decided to chat with two financial advisors to hear their best tips. "CD rates can vary wildly between banks, credit unions, and investment firms, so be sure to shop around whenever you are ready to buy one," he said. "The last thing you want to do is have to pull out your CD money right before it matures because you need to purchase new tires." Consider a CD ladderIn order to really maximize the current high APY offerings from CDs, Kovar suggested considering a CD ladder.

Persons: Taylor Kovar, I've, Kovar, Patrick O'Leary, doesn't

☆ US job openings unexpectedly grew in May, reflecting a still resilient labor market
▼ + stars: | 2024-07-02 | by ( Alicia Wallace | ) edition.cnn.com time to read: +6 min

CNN —The number of available jobs in the US unexpectedly grew in May, signaling continued resilience in the nation’s labor market. Job openings jumped higher to 8.14 million in May, from a downwardly revised 7.91 million in April, according to the Bureau of Labor Statistics’ latest Job Openings and Labor Turnover Survey (JOLTS) report released Tuesday. While both hires and job openings rates (as a percentage of total employment) ticked higher for May, the quits rate and layoffs rate were unchanged. The labor market appears to be at a crossroads, Nick Bunker, Indeed Hiring Lab’s head of economic research, wrote in commentary posted Tuesday. But some Fed officials have noted that the job market has lost momentum recently and that it’s highly unclear whether it will continue to hold steady or weaken further.

Persons: Economists, “, ” Robert Frick, switchers, David Tinsley, Nick Bunker, ” Bunker, ”, you’ve, Austan Goolsbee, ” Marisa DiNatale Organizations: CNN, Bureau of Labor Statistics ’, Labor, Navy Federal Credit Union, Industries, Bank of America, Bank of America Institute, “, Federal Reserve, Chicago Fed, Bloomberg, European Central Bank, Moody’s, Labor Statistics Locations: Sintra , Portugal

☆ Gen X stands to gain the most wealth from the $84 trillion wealth transfer
▼ + stars: | 2024-06-18 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

Generation X may be the biggest beneficiaries from the $84 trillion Great Wealth Transfer in the next 10 years, according to a new study. The findings cast a spotlight on the large wealth potential for Generation X, which has been largely overlooked in the discussion of young inheritors. The Wealth-X report suggests that wealth management firms, luxury companies and real estate firms targeting the next-generation of wealthy clients should also start considering Generation X. In the next 10 years, 1.2 million individuals worth $5 million or more will pass down a total of over $31 trillion in wealth, according to the report. Billionaires will pass down about $5 trillion, according to the report.

Persons: Gen, millennials, Gen Xers, Robert Frank, Inheritors Organizations: Wealth, Alliant Credit Union, The Locations: North America

☆ What the Fed’s interest rate decision means for your savings
▼ + stars: | 2024-06-12 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +7 min

Online high-yield savings accountsThe best bang for your savings can still be had in online high-yield savings accounts at FDIC-insured banks, which yield way more than today’s 0.58% overall average savings rate. As of June 11, the average online savings account rate was 4.40%, according to DepositAccounts.com. If you leave it parked in a regular savings account at 0.5%, you’ll get $50 in interest for a year. As with any savings account, banks can lower the rate they offer — also known as the APY — at any time. Money market accounts and money market fundsMoney market deposit accounts and money market mutual funds are generating yields competitive with the best high-yield savings accounts.

Persons: ’, ”, Greg McBride, ” McBride, you’ll, —, McBride, “, Collin Martin, Martin Organizations: New, New York CNN, Federal Reserve, National Credit Union Share Insurance, Securities Investor Protection Corporation, Treasury, Fed, Schwab Center, Financial Research Locations: New York, Schwab.com, United States

☆ Inflation slows in May, with consumer prices up 3.3% from a year ago
▼ + stars: | 2024-06-12 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

The consumer price index showed no increase in May as inflation slightly loosened its stubborn grip on the U.S. economy, the Labor Department reported Wednesday. The monthly rate rose 0.3% in April while the annual rate was 3.3%. Though the top-line inflation numbers were lower for both the all-items and core measures, shelter inflation increased 0.4% on the month and was up 5.4% from a year ago. Housing-related numbers have been a sticking point in the Federal Reserve's inflation battle and make up a heavy share of the CPI weighting. Though the Fed doesn't use the CPI as its main inflation indicator, it still figures into the calculus.

Persons: Dow Jones, Price, Robert Frick, Joseph LaVorgna, FOMC Organizations: department's Bureau of Labor Statistics, Labor Department, Treasury, Dow Jones, Navy Federal Credit Union, Federal Reserve, CPI, Nikko Securities, Commerce Locations: U.S

☆ Former IRS employee charged in $2.1 million Exxon Mobil tax credit theft attempt in Utah
▼ + stars: | 2024-06-07 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

A former IRS employee was charged in Utah federal court for allegedly trying to steal $2.1 million in tax credits owed to Exxon Mobil by diverting the funds using a taxpayer database he had access to. Rupe was working at the IRS' service center in Ogden, Utah, in 2021 when he began the diversion scheme, according to an indictment filed Wednesday. As part of his job, Rupe "had the ability to adjust tax, credits, penalties, and interest to certain taxpayer accounts in an IRS computer database," the indictment said. In April 2022, the indictment says, Rupe accessed a database to transfer $2.02 million in tax credits from oil and gas giant Exxon's taxpayer account to Ex Xo Exteriors Ltd.'s taxpayer account, the indictment alleges. More than a year later, in August 2023, Rupe "accessed an IRS database to transfer the diverted tax credit funds from one tax year to another," the indictment says.

Persons: Rodney Quinn Rupe, Rupe Organizations: IRS, Exxon Mobil, Prosecutors, Treasury, Xo Locations: Utah, Syracuse , Utah, U.S, Salt Lake City, Ogden , Utah

There are two ways to wire money: through a bank or through a wire service. How wire transfers workThe process of initiating a wire transferWire transfers typically come in two forms: a transfer between banks or through a money service, like Western Union. In general, a bank account wire transfer tends to cost less than using a service like Western Union. A wire transfer is a secure, electronic transfer of funds from one bank account to another. It's always good practice to review the recipient's information before initiating a wire transfer, and only send money to people you trust because it's difficult to reverse or cancel a transfer.

Persons: Cheryl Lock Cheryl Lock, Read Organizations: Western, Union, ABA, U.S, Network, USA, Forbes, MarketWatch, Twitter, LinkedIn Locations: Western Union, Union, U.S, Denver

☆ California's new 'Honest Pricing Law' will require cruise lines to be transparent about fees
▼ + stars: | 2024-05-19 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

Read previewA new California law will force cruise lines to be more transparent about their prices, bolstering a Biden administration crusade against junk fees. Senate Bill 478, also known as the "Honest Pricing Law," will go into effect on July 1. AdvertisementA Carnival Corp. representative told the outlet it would follow guidelines set out by the "Honest Pricing Law." Carnival Corp. is the parent company of brands like Carnival Cruise Line, Princess Cruises, and Holland America. Royal Caribbean cruise ship.

Persons: —, Biden, Bill, general's Organizations: Service, Business, Companies, Royal Caribbean International, Norweigan, The Washington, Corp, Carnival, Princess Cruises, Holland America, Royal Caribbean, Celebrity Cruises, Royal, Carnival Corp, Cruise, Federal Trade Commission Locations: California, Royal Caribbean

CNN —Alice Stewart, a veteran political adviser and CNN political commentator who worked on several GOP presidential campaigns, has died. Law enforcement officials told CNN that Stewart’s body was found outdoors in the Bellevue neighborhood in northern Virginia early Saturday morning. She went on to serve as the communications director in then-Arkansas Gov. Most recently, Stewart was the communications director for Texas Sen. Ted Cruz’s 2016 GOP campaign. David S. HollowaySpeaking about her role as a commentator for the network, Stewart told Harvard Political Review in 2020 that she brings “a perspective that I think CNN appreciates.”“My position at CNN is to be a conservative voice yet an independent thinker,” Stewart said.

Persons: Alice Stewart, “ Alice, ” Mark Thompson, “, ” Stewart, Stewart, Mike Huckabee’s, Michele Bachmann, Pennsylvania Sen, Rick Santorum, Texas Sen, Ted Cruz’s, Wolf Blitzer, ”, ” Blitzer, Jessica Dean, ” Suzanne Malveaux, Charles Blow, David S, “ I’m, Trumper, Maria Cardona, she’s, ” Cardona, Alice, Credit Union Cherry, CNN’s Kayla Gallagher Organizations: CNN, Harvard International, Arkansas Gov, Minnesota, Texas, GOP, CNN Grill, Convention, Harvard, Trump, “ CNN, Institute of Politics, Harvard University’s Kennedy School, TCS New York City Marathon, Credit Union, Credit Union Cherry Blossom Locations: Bellevue, Virginia, Atlanta, Georgia, Rock , Arkansas, Pennsylvania, Charlotte , North Carolina

Thedieck, now 31, is still in the military, and has gotten an awful lot of what he's wanted ever since. Darren Thedieck, age 31, joined the Air Force at age 18. Saving on a military salaryThedieck was interested in saving and investing long before he joined the Air Force. Right now, though, the plan is for that money to provide a financial "cushion" for the family, Thedieck says. Instead of full retirement after military life, both he and Naudia plan to take off in a new direction.

Persons: Darren Thedieck wasn't, he's, Thedieck, He's, Darren Thedieck, Andrea Ferro, Naudia, Denmark —, he'll, — Warren Buffett, Benjamin Graham, Darren, That's, They're Organizations: CNBC, U.S . Air Force, Air Force, titans, Social Security, Service Credit Union, Apple, Disney, Netflix, Spotify, FIRE Locations: Las Vegas, England, South Korea, Germany, Aviano, Italy, Venice, Denmark, United States

I've been working with wealthy clients for nearly 15 years, and I've noticed a few common habits. I've been advising wealthy clients for nearly 15 years, and I'm often asked for the secret sauce, or the commonalities I see in my wealthiest financial-planning clients that make them successful. My most successful clients lean on us to help them separate those emotions and make sound financial decisions. My most successful clients value receiving comprehensive financial plans specific to their goals and situations. My most successful clients value receiving comprehensive financial plans specific to their goals and situations.

Persons: I've, —, I'm, that's, they've, doesn't Organizations: Service, Everest, Google, Jobs, Relief, Economic Security Locations: Policygenius

☆ Racism Alleged at Multiple Globe Life Affiliates
▼ + stars: | 2024-05-10 | by ( Susan Antilla | ) www.businessinsider.com time to read: +20 min

"If I'd brought it up, I would have been blackballed," he told BI. She told BI that Lobello frequently sent her racist memes he found online that contained the N-word. AdvertisementBell, in the hat at right, at a team dinner for an AIL agency then known as Giglione-Ackerman. In the areas she was assigned, she told BI, "most of the people were uninsurable" because of poor health, hard drug use, and poverty. If you work at Globe Life or AIL and have information to share about the company, please contact Susan Antilla at susan.antilla1@gmail.com .

Persons: Domenico Bertini, Chris Selejan, Rob Gray, James " Bo, E, Gentile, Organization —, Frank Svoboda, Warren Buffett's Berkshire Hathaway, Fuzzy Panda, Scott Dehning, AIL, Dehning, Jennifer Haworth, I'd, John L, Ann Marie Arcadi, Gray, Eric Giglione, Giglione, Bell, He'd, Brian W, Fraser, Popeyes, Morgan Lobello, Lobello she'd, y'all, Lobello, David Zophin, Ackerman, Andy Mercado, texted, quieted, Bell's, Raynaldo Lafontant, David Ackerman, Lafontant, Mercado, Sarah Reay, Reay, Debra Gamble, Gamble, Nicole Korkolis, Donnaya Presberry, Presberry, Abeni, Mayfield, Amy Williamson, Abeni Mayfield, Rosem Morton, Silvana Pajor Flores, Pajor Flores, Susan Antilla Organizations: Globe Life, Business, Globe, New York Stock Exchange, Texas Rangers, Dallas Cowboys, Organization, BI, Department of Justice, Research, Latina, Ackerman Agency, New Jersey Superior Court, SEAT, Giglione, Commission, Professional Employees International Union, Liberty National Division, Liberty National, Edison, AIL Locations: Kentucky, Bertini, Pennsylvania, McKinney , Texas, Michigan, West Virginia, New Jersey, Argentina, Aurora , Colorado, Edison , New Jersey, Edison, Giglione, Morgantown , West Virginia, Moon Township , Pennsylvania, Pittsburgh, Columbia , Maryland, Cumberland , Maryland, Kansas, Waco , Texas, Colorado, AIL, susan.antilla1@gmail.com

☆ US regulators are looking at potential ‘bait and switch’ schemes with airline-affiliated credit card reward points
▼ + stars: | 2024-05-09 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +3 min

New York CNN —If you use a points-and-rewards credit card offered by an airline in partnership with a big bank, how much are the points you’ve accrued worth in dollars? The terms and conditions of such card programs can be confusing and in some instances they can be changed at any time. “For many families looking to finance a trip or a vacation, those [credit card] benefits are really valuable. “[But] our review of all the fine print suggests that credit card companies and airlines have the power to quickly and dramatically devalue those points by making it more challenging to redeem them. Such a drop in revenue, banks argue, could jeopardize the availability of rewards programs.

Persons: you’re, It’s, ”, Rohit Chopra, Chopra, Transportation Peter Buttigieg, Rob Nichols, ” Nichols, Nichols, Jaret, Seiberg, Biden, Trump Organizations: New, New York CNN, Department of Transportation, Consumer Financial Protection Bureau, Transportation, American Bankers Association, Cowen Washington Research Group Locations: New York, CFPB, U.S

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