Page 17 - Flynn Wright News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Overdraft charges are an important source of revenue for banks — $31.3 billion in 2020. They are also a continuing source of confusion and consternation for bank customers (especially when — surprise — a $5 latte ends up costing $150). By way of brief history, there once was a time when banks would pay an occasional overdraft for a well-established customer and an actual human being would call the customer and politely ask that a deposit be made to cover the overdraft. A modest one-time fee might or might not be charged for this courtesy. But then banks found they could automate the pay...

In mostly normal times (which these are not), investing in commercial real estate is an attractive proposition. The investor buys or constructs a building for use in commercial activities — stores, restaurants, offices — using, for the most part, borrowed money. The investor then puts tenants in the building who pay rent and an additional amount to cover operating costs — insurance, maintenance, repairs, real estate taxes, utilities. The investor uses the rent to make the mortgage payments and takes home what’s left as a return on investment. From the investor’s perspective, the tra...

Sometimes, state law and federal law disagree about what should happen in a particular circumstance. The Colorado Court of Appeals, in a decision handed down last month, found itself swimming

As the Colorado General Assembly sprints (stumbles?) to its mandatory June 12 adjournment, there are two personal finance bills I thought you should know about.

On May 10, as part of a COVID-disrupted legislative session, Gov. Jared Polis signed into law Senate Bill 21-006, causing Colorado to become the second state in the country (behind