A settlement in a federal class-action lawsuit against officials of the Lac du Flambeau Ojibwe Nation and some of their business partners calls for forgiving about $1.5 billion in loans to customers across the country, the latest step in trying to curb a tribal lending industry some consider the equivalent of loanshark operations. The plaintiffs
Lower yields on deposits but better terms on credit cards: Those are two ways consumers might feel some impact from the next Federal Reserve interest-rate cut, which is looking more likely amid recent signs of economic weakness. However, the long-anticipated move might not do much good for your finances, unless it’s followed by a series
Savers may want to lock in high interest rates for the long haul before they likely head lower later this year. But is 100 years too long? Concord, New Hampshire-based Walden Mutual Bank is finding out. The financial institution is offering a100-year Local Impact Certificate of Deposit (CD) paying a fixed 4.75% annual interest rate.