Partial Dodd-Frank Act Repeal in 2018 — Did It Contribute to the 2023 Banking Crisis?

The Great Financial Crisis of the late 2000s was the worst economic calamity since the Great Depression. Most agree that lax regulation of banks and other financial institutions set the stage for the risky lending and trading practices that caused it.  Congress responded to the crisis — and attempted to prevent anything similar from happening … Read more

11 Best Cash-Back Credit Cards of June 2023

Cash-back credit cards are popular because they provide tangible, easy-to-understand benefits. Who doesn’t like getting a credit on their monthly credit card statement or — better yet — actual cash deposited into the account of their choice? Cash-back credit cards can be even more popular than our top-rated gas credit cards and travel rewards cards. … Read more

15 Best New Brokerage Account Promotions & Bonus Offers of June 2023

Dozens of banks and credit unions lure new business with account-opening promotions. Some reward first-time customers with bonuses worth hundreds of dollars just for opening an account and making qualifying deposits. The best land on our regularly updated roundup of the top new bank account promotions. You’ve probably seen credit card issuers get in on the … Read more

SOFR — What Is the Secured Overnight Financing Rate?

In June 2012, the financial world was rocked by a scandal that was likely decades in the making: Powerful United Kingdom-based Barclays, a universal bank involved in setting global financial rates, had been manipulating the system. Moreover, they were likely in cahoots with others. The rate in question was the long-standing benchmark rate known as … Read more