banks

The financial ripples from Britain's decision to leave the European Union were felt  on this side of the pond, leaving plenty of Americans wondering how the departure affects their monetary plans. While many details surrounding the split remain up in the air, Up To Date's Smart Money Experts have sage advice to keep skittish savers grounded.

Guests:

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The prepaid debit cards Kansas and Missouri use to pay state employees without bank accounts got a thumbs-down this week from a consumer advocacy group.

“Most cards don’t charge you if you want to find the balance is on your card,” says Lauren Saunders of the National Consumer Law Center, “but the Kansas card, if you go up to the ATM and ask what the balance is, they’re going to charge you a dollar.”

Do you know what the Export-Import Bank of The United States does? On this edition of Up To Date, guest host Stephen Steigman discusses the role of the bank and why it matters in Kansas City.

Guest: 

  • Fred Hochberg is the Chairman and President of the Export-Import Bank of the United States. 

The Effects of Restricting Payday Lending

Sep 20, 2011
Andrea Silenzi

Payday loan shops provide small, short-term loans. A typical loan ranges in size from $100 to $500, and must be repaid within two weeks. The industry contends that such loans help people pay for unforeseen expenses.

But many people believe that such loans are harmful because of the amount of interest charged. In the state of Missouri, the average APR on payday loans is above 400%.

Octogenarian Admits To Bank Heist

Jun 7, 2010

Kansas City, Mo. – The lure of bank robbery, apparently, knows no age restrictions. An 80-year-old Kansas City man today admitted his crime.

Retired railroad engineer Augusta Cannon told a U.S. District Judge he went to UMB Bank at 103rd and Stateline Road three days before Christmas last year. He held a pellet gun on a teller, demanded money and got nearly $9,000.

Kansas City – House Financial Services Committee Chairman Barney Frank was in Kansas City at the behest of his colleague on the committee, Congressman Emanuel Cleaver, to recognize UMB Bank and Commerce as the second and third most healthy banks in the country. This is according to ratings published by Forbes Magazine. Frank said institutions like UMB and Commerce have nothing to fear from bank reforms.