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Contributor |  In Personal Finance, Mortgages

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Are Credit Cards Vital to the Economy?

Credit Cards

Are Credit Cards Vital to the Economy?

Are Credit Cards Vital to the Economy?

Consumers have largely tried to cut their dependence on credit cards since the recession began. However, the vast majority of Americans believe credit cards are important for the continued health of the economy and the American small business sector. Today, more than seven in 10 adults say that the economy is at least somewhat dependent upon... Read More

Expert: Housing Recovery Is Hardly ‘Normal’

Mortgages

Expert: Housing Recovery Is Hardly ‘Normal’

Expert: Housing Recovery Is Hardly ‘Normal’

The housing market has made so many strides in the past few years due in large part to low prices and rates combining to create sky-high affordability that many experts see gains in the future being somewhat predictable. However, this may not be the case, thanks to the many irregularities that separate the current recovery... Read More

Data Breach Cost Rises to $136 Per Exposed Record

Identity Theft

Data Breach Cost Rises to $136 Per Exposed Record

Data Breach Cost Rises to $136 Per Exposed Record

The number of data breaches has grown steadily over recent years, and for companies getting hit by them, the costs associated with dealing with the fallout are rising too. The average cost of dealing with a data breach in the U.S. alone may have dropped slightly to $5.4 million last year, but the the number... Read More

Home Prices Rise 8.2% From Last Year

Mortgages

Home Prices Rise 8.2% From Last Year

Home Prices Rise 8.2% From Last Year

The housing market has been taking significant steps forward in recent months and rising home prices continued through the end of May. On a national basis, prices grew 1.3 percent over the previous three months through the end of May, according to the latest Home Data Index Market Report from analysis firm Clear Capital. However, on an annual basis,... Read More

Only 41% of Americans Spend Less Than Their Income

Personal Finance

Only 41% of Americans Spend Less Than Their Income

Only 41% of Americans Spend Less Than Their Income

To deal with their finances in a more responsible manner, numerous consumers altered their spending and saving habits in recent years. Unfortunately, this wasn’t the case across the board. It seems that a large percentage of Americans still have some financial bad habits that they’re holding onto. Young people, in particular, appear to be in need of some new financial habits, as they... Read More

NSA’s PRISM Monitored Credit Card Transactions

Credit Cards

NSA’s PRISM Monitored Credit Card Transactions

NSA’s PRISM Monitored Credit Card Transactions

A controversial federal government initiative to keep close tabs on consumers’ Web browsing habits and other information recently came to light, and the program reportedly also kept close tabs on borrowers’ credit card transactions. The National Security Agency’s PRISM program was put into place as part of the nation’s anti-terrorism efforts, but many critics say... Read More

New York DMV Data Breach Leads to 11 Felony Charges

Identity Theft

New York DMV Data Breach Leads to 11 Felony Charges

New York DMV Data Breach Leads to 11 Felony Charges

Data breaches are becoming more common for a number of reasons, but even despite a number of technological advances in recent years, one of the biggest causes of these incidents is still the fact that some workers with access to sensitive information abuse that privilege. That was the case in a recent data breach with... Read More

More Big Companies Say No to Swipe-Fee Deal

Credit Cards

More Big Companies Say No to Swipe-Fee Deal

More Big Companies Say No to Swipe-Fee Deal

A recently approved settlement between the world’s two largest processors of debit or credit card payments and a number of major retail groups has proven extremely controversial, and now more companies are opting out of the agreement in protest. Barnes and Noble, as well as a trade group representing many independent book retailers and other companies, have... Read More

Millennials’ Student Loan Debt Up 76% in Just 5 Years

Managing Debt

Millennials’ Student Loan Debt Up 76% in Just 5 Years

Millennials’ Student Loan Debt Up 76% in Just 5 Years

Consumers have markedly changed the ways in which they carry debts, and this is particularly true of younger people who may have become adults during or immediately following the recent recession. However, even as many have cut their balances significantly during this time, much of what they still carry is largely composed of student loan balances. Between... Read More

Average Car Price Up $618 From 2012

Auto Loans

Average Car Price Up $618 From 2012

Average Car Price Up $618 From 2012

Many consumers are on the lookout for good deals when they go to buy a new car, but last month they likely saw higher car prices for the models they wanted. The average amount consumers paid for new light vehicles rose 0.6 percent on a monthly basis in May, climbing $174 to an average of... Read More

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