There is Efficient and then There is Efficient

There’s Efficient and then There’s Efficient

Bank of Internet, USA, CA was established in 2000 as one of the first “internet” banks in the United States—hence the name.  In 2011, it was renamed to BOFI Federal Bank and now again to Axos Bank.

Since its inception, the now 4-Star  rated Axos Bank has grown into a nearly $10 billion asset bank that operates two brick and mortar branches in addition to its…

Consumer Debt

Community Banks Tops for Consumer Loans

According to the FDIC’s Quarterly Banking Profile (QBP) for June 30, 2018, bank industry loans to consumers increased nearly five and half percent from June 30, 2017 to June 30, 2018. Credit card loans, a subset of those consumer loans, increased 7.4% during the same time frame. For the most part, consumers are managing credit card debt well.