A $60 fee on a $400 two-week loan is a 391% APR — here's the arithmetic, the rollover mechanics, the federal rules that exist, and the regulated alternatives.
The $250,000 rule really has three dimensions — depositor, bank, and ownership category. How coverage math works, what a failure weekend looks like, and what's never insured.
Plata is an everyday Spanish word for money — and this site exists for everyone dealing with US money systems, whether it's your first paycheck in this country or your five-hundredth. It's written by one person, Rafael Ortiz, who spent years being the guy family and friends called before they signed anything.