Financial News Roundup: Government To Rent Foreclosures, Americans Lack Emergency Funds

Mortgages

Financial News Roundup: Government To Rent Foreclosures, Americans Lack Emergency Funds

Financial News Roundup: Government To Rent Foreclosures, Americans Lack Emergency Funds

Today’s top news headlines feature new government proposals to convert foreclosed homes into rental properties and the newest industry that may suffer the ill effects of the credit downgrade. Plus, find out how many U.S. households are prepared for a financial emergency. Majority of Americans Ill-Equipped To Handle A Small Financial Emergency CNN Money A… Read More

H&R Block Reaches $125 Million Settlement Over Loan Probe

Personal Loans

H&R Block Reaches $125 Million Settlement Over Loan Probe

H&R Block Reaches $125 Million Settlement Over Loan Probe

H&R Block will pay $125 million to settle claims of unfair and discriminatory lending practices, with most of the money going toward repayment to borrowers who took out loans likely destined for failure, according to an announcement Tuesday by the Massachusetts attorney general. H&R Block’s subsidiary, Option One, “made loans that it knew were likely… Read More

More Homeowners Paying their Mortgage Bills on Time

Mortgages

More Homeowners Paying their Mortgage Bills on Time

More Homeowners Paying their Mortgage Bills on Time

The rate at which consumers allowed their mortgages to fall 60 days or more past due fell to just 5.82 percent during the second quarter of the year, the sixth straight three-month period in which the rate has fallen, according to the latest statistics from the credit monitoring bureau TransUnion. This rate was down 12.74… Read More

Another Big For-Profit University Accused of Enrollment Fraud

Students

Another Big For-Profit University Accused of Enrollment Fraud

Another Big For-Profit University Accused of Enrollment Fraud

The nation’s second-largest for-profit university company was sued Monday by the Justice Department and four states for paying recruiters based on the number of students they signed up. The practice caused the company to enroll unqualified students, many of whom defaulted on their student loans, according to a government press release. The company, Pittsburgh-based Education… Read More

Fed to Keep Rates Low for Next 2 Years to Stave Off Recession

Mortgages

Fed to Keep Rates Low for Next 2 Years to Stave Off Recession

Fed to Keep Rates Low for Next 2 Years to Stave Off Recession

The Federal Reserve Board announced Tuesday that it expects the economy will remain weak “at least through mid-2013.” To try to spur some growth, or at least stave off a major recession, the agency’s Federal Open Market Committee announced that it will keep the federal funds rate at historic lows for at least the next… Read More

Why Your Kids are Getting Preapproved Credit Offers

Students

Why Your Kids are Getting Preapproved Credit Offers

Why Your Kids are Getting Preapproved Credit Offers

I get a lot of questions from people wanting to know how old someone has to be to establish credit, as it is not uncommon to see teenagers pulling out a credit card to pay for purchases at the mall, nor is it uncommon for high school aged kids to periodically receive a preapproved credit… Read More

Financial News Roundup: Prepare For Natural Disasters, For-Profit College Corp. Sued

Personal Finance

Financial News Roundup: Prepare For Natural Disasters, For-Profit College Corp. Sued

Financial News Roundup: Prepare For Natural Disasters, For-Profit College Corp. Sued

Today’s top news headlines feature ways Americans can protect their assets and homes during a natural disaster and reasons the U.S. credit rating downgrade may trickle down to states and localities. Plus, find out why the second largest for-profit college corporation is facing a lawsuit. Cities, States Brace For A Downgrade The Huffington Post Experts… Read More

The Debt Diet Challenge Week #4: The Buddy System

Managing Debt

The Debt Diet Challenge Week #4: The Buddy System

The Debt Diet Challenge Week #4: The Buddy System

The Debt Diet is an online behavioral change program to help users get out of debt by putting aside $10 a day.  It was developed by Pro-Change Behavior Systems and Jean Chatzky, author of the best-selling Pay It Down and a coach on The Debt Diet series on the Oprah show. Jean Chatzky read the… Read More

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