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  2. Here's one way high mortgage rates are benefiting homeowners

    www.aol.com/finance/heres-one-way-high-mortgage...

    Three years ago, the average rate on a 30-year fixed mortgage dipped to around 3%, meaning the maximum amount of mortgage interest that a taxpayer could deduct in year one on a $500,000 loan was ...

  3. Depository Institutions Deregulation and Monetary Control Act

    en.wikipedia.org/wiki/Depository_Institutions...

    The Depository Institutions Deregulation and Monetary Control Act of 1980 ( H.R. 4986, Pub. L. 96–221) (often abbreviated DIDMCA or MCA) is a United States federal financial statute passed in 1980 and signed by President Jimmy Carter on March 31. [1] It gave the Federal Reserve greater control over non-member banks.

  4. Bank regulation in the United States - Wikipedia

    en.wikipedia.org/wiki/Bank_regulation_in_the...

    The Bank Secrecy Act of 1970 (BSA), also known as the Currency and Foreign Transactions Reporting Act, is a U.S. law requiring financial institutions in the United States to assist U.S. government agencies in detecting and preventing money laundering. [2] Specifically, the act requires financial institutions to keep records of cash purchases of ...

  5. How the Federal Reserve affects HELOCs and home equity loans

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    The Federal Reserve’s interest rate decisions influence the rates you pay for variable-rate home equity lines of credit (HELOCs) and new home equity loans. Fed officials announced on Mar. 20 ...

  6. The top 9 reasons for personal loans - AOL

    www.aol.com/finance/top-9-reasons-personal-loans...

    The maximum interest rate on a personal loan is typically about 36 percent. The average APR for a payday loan can be more than 600 percent, depending on your state. ... Iowa. News. Associated ...

  7. U.S. prime rate - Wikipedia

    en.wikipedia.org/wiki/U.S._Prime_Rate

    U.S. prime rate. The U.S. prime rate is in principle the interest rate at which a supermajority (3/4ths) of large banks loan money to their most creditworthy corporate clients. [1] As such, it serves as the de facto floor for private-sector lending, and is the baseline from which common "consumer" interest rates are set (e.g. credit card rates).

  8. Best high-yield savings accounts for April 2024: How they ...

    www.aol.com/finance/best-high-yield-interest...

    Best online high-yield savings accounts. The Federal Reserve's benchmark rate of 5.25% to 5.5% continues to positively affect rates for high-yield savings accounts. FDIC-insured digital banks and ...

  9. Granger Laws - Wikipedia

    en.wikipedia.org/wiki/Granger_Laws

    Granger Laws. The Granger Laws were a series of laws passed in several midwestern states of the United States, namely Minnesota, Iowa, Wisconsin, and Illinois, in the late 1860s and early 1870s. [1] The Granger Laws were promoted primarily by a group of farmers known as The National Grange of the Order of Patrons of Husbandry.

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