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Vermont exempts bank partners from loan solicitation license for commercial loans

CFPB Monitor

We have been following closely efforts by state regulators, state legislatures and the courts to restrict, or in some cases prohibit, bank model lending programs, so the recent guidance from the Vermont Department of Financial Regulation (“Department”) is welcome news.

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What is a Certificate of Deposit (CD) and How Do They Work?

Ublocal

Because these funds aren’t generally available, that frees them up for banks to utilize in their own lending practices, meaning that you will earn a higher interest rate than on other kinds of savings accounts that have greater liquidity, like a statement savings account. Predictability. CDs offer a guaranteed interest rate and return.

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Unraveling the Mysteries of Complex Investment Terms – A Guide for Real People

Ublocal

Bond A bond is like lending money to a friend, but in this case, it’s to a company or government. Together, we can turn the complex world of investing into an opportunity that’s accessible and rewarding for everyone in our Vermont and New Hampshire communities. You don’t want only one type of food; you want a mix.

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