Busconómico's Blog

What is the FDIC (Federal Deposit Insurance Corporation)

Many nations have a series of mechanisms and institutions responsible for ensuring the proper functioning of their economy. In the US context, there are several specific organizations that contribute to strengthening the financial stability of the state. Like the Federal Reserve or the CFPB, the FDI..

9/15/2022 Read more

What is the CFPB (Consumer Financial Protection Bureau)

The CFPB or the Consumer Financial Protection Bureau is a government agency that watches the banks and financial institution to treat the consumer fairly. It is precisely this institution that concerns us today and about which we will talk in as much detail as possible. Creation of the Consumer Fin..

9/15/2022 Read more

Mortgage charges and fees in the United States

The purchase of a new or used house in the United States is not very different from other countries with well-established rules for this type of negotiations. However, it can be paper-intensive when you take out a home loan. To give you an idea of the fees included in US mortgages, we give you the d..

9/14/2022 Read more

Differences between fixed-rate and adjustable-rate mortgages

Despite the buzz associated with the US real estate market, people still have the urge to buy a new or used home. In this country, you have 2 main alternatives to access a mortgage loan, the fixed interest rate and the adjustable interest rate. Since this topic is important for your personal finance..

9/6/2022 Read more

Credit score, what it is and how it is calculated

Among the requirements that you must present when you want to apply for a personal loan, a credit card or a mortgage, are your qualifications as a responsible person. grow-credit As you well know, in the United States, reputation comes first, especially when dealing with financial entities. One of ..

6/23/2022 Read more

What is the Federal Reserve and what is its role?

Few financial organizations have as much impact on the world economy as the US Federal Reserve. Headquartered in the imposing Eccles Building in Washington DC, it is the meeting place for a select group of economists to decide the path to follow for this nation. For this reason, it is ideal that you..

6/17/2022 Read more

Personal loan fees in the USA

Accessing a personal loan is something that most would like to be able to do, however the available alternatives are what determine its difficulty. Fee policy within traditional banking is standard throughout the world. Although today there are more credit options than before, we will review the com..

6/16/2022 Read more

What is the APR (Annual Percentage Rate) and how is it calculated?

When applying for a personal loan, credit card, or other financing in the United States, you should know a few details so you can compare how these banking products differ. One such element is the APR or Annual Percentage Rate. If you want to find out more about its details, we explain the most rel..

6/15/2022 Read more

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