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SAVING the consumer money is the heart of the lender's pitch, of course, a pitch often directed to the names in commercial databases of recent car-loan borrowers.
Pat Meyer, an assistant vice president at Exchange Bank, confirmed that it was offering consumer money market rates ranging from 2.6percentto2.9percentcent in June.
Consumer money fund assets gained $204 million, to $152.2 billion, and institutional assets increased by $74 million, for a total $46.1 billion.
Much of the consumer money goes outside U.S. borders — hemp is an established crop in more than 30 other countries, according to the CRS report.
The increase included a $449 million gain in consumer money fund assets, to $161.1 billion, and a $2.1 billion rise in institutional assets, to $55 billion.
Specifically, one in five consumers who pays for a score from one of the major credit bureaus will probably receive a meaningfully different score than the one a lender will use to make a decision about lending the consumer money, the agency says.
Similar(37)
The drop included a $357.9 million loss in consumer money-fund assets, to $162.1 billion, and a $2.2 billion increase in institutional assets, to $59.4 billion.
And they save consumers money.
"They save consumers' money by lowering their interest rates".
The first is that in the minds of consumers, money is still special.
Comcast, in announcing its deal, has said nothing about how it might save consumers money.
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