by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is a Cost of Funds Index?How Does the Cost of Funds Index Work?Cost of Funds Index Example What is a Cost of Funds Index? The cost of fund index, COFI, refers to the interest rate’s weighted average that banks compensate on savings...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is the Glass-Steagall Act?How Does the Glass-Steavall Act Work?Potential Re-Instatement of the Glass-Steagall Act What is the Glass-Steagall Act?The Glass-Steagall Act of 1933 describes the provisions of the USA Banking Act aimed at...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is the Gramm-Leach-Bliley Act?How Does the Gramm-Leach Bliley Act Work?The Gramm-Leach-Bliley Act and Consumer Privacy What is the Gramm-Leach-Bliley Act?The Gramm-Leach-Bliley Act of 1999 (GLBA), also known as Financial Modernization Act...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is Cash in Advance?How Does Cash in Advance Work?Cash In Advance: How It WorksTerms What is Cash in Advance?Cash in advance refers to a condition in the international trade providing that the importer must pay cash to the owner of the...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is the Chex System?What Does the Chex System Do? What is the Chex System?Chex system is a national customer reporting agency. During the screening of account applicants by banks, they request reports from Chex System to check whether...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is the Community Reinvestment Act?How Does the Community Reinvestment Act Work?Institutions that operate under CRARoles of OCC in accordance with CRABenefits of CRA to consumers What is the Community Reinvestment Act?The Community...
