Category: Jumbo Rate News

In The Pursuit of Justice and Equality

Over the past year, some of our country’s biggest banks (Wells Fargo, JPMorgan and BofA) have pledged millions to Black-owned banks (or MDIs) and racial justice initiatives, but those did not necessarily focus on Asians or Pacific Islanders… until recent…

Financial Inclusion: We Can All Play a Part

The FDIC launched the pilot of a new public awareness campaign last week (April 6th) on the benefits of having a bank account. The pilot targets the Houston and Atlanta areas, where it confirmed that both Black Americans and Hispanic…

Bank, CU Complaint or Question?

Complaint or Question About Your Financial Institution? We do a lot of things here at BauerFinancial, but since we are a private research firm, and not a government agency, fielding complaints about financial institutions is not really one of them.…

Man carrying a bag bank of cash to a bank

New Brokered Deposit Rules, Let’s Break it Down

In observance of the Easter Holiday, Jumbo Rate News will not be published next week, April 5th. While we are on hiatus though, a new brokered deposit rule will go into effect (April 1st, to be exact). While we don’t…

Two Days, Two Divergent Opinions, Who’s Right?

On Monday, March 15th, The Wall Street Journal ran a very upbeat article entitled, “U.S. Banks Will Turn Last Year’s Fear Into This Year’s Profits”. The article opines that the tens of billions of dollars that were set aside by…

All New Credit Union Star-Ratings Now Available

Membership growth slowed at the nation’s federally-insured credit unions in 2020, but that’s not surprising, as most of us were sheltering in the safety of our homes most of the year. Even so, they managed to gain 4 million new…

We Analyze Banks & Credit Unions ...very carefully

Businesses Upbeat But CFPB Screams “Help”

The latest Beige Book, released March 3rd and based on information collected through February 22nd, indicates that most businesses are optimistic with the roll-out of the COVID-19 vaccine. Employment levels, already slowly on the rise, are expected to continue that…