Fewer Signing Up For College Credit Cards

Students

Fewer Signing Up For College Credit Cards

Fewer Signing Up For College Credit Cards

The Federal Reserve Board found that the number of credit cards issued to consumers through universities and alumni groups dipped 17 percent in 2010, according to a report from USA Today. In addition, the number of agreements between these organizations and credit card lenders fell as well, though by a less substantial 4 percent. In… Read More

Post Warren, the Battle Over the CFPB is Far From Over

Personal Finance

Post Warren, the Battle Over the CFPB is Far From Over

Post Warren, the Battle Over the CFPB is Far From Over

Remember “I’m Just a Bill,” that famous educational video about how a proposed piece of legislation in Congress becomes a law? What the makers of Schoolhouse Rock neglected to mention is that they merely described Step One. Next comes Step Two, in which federal agencies decide the law’s specific rules, and how those rules will… Read More

Obama Taps New Consumer Watchdog

Personal Finance

Obama Taps New Consumer Watchdog

Obama Taps New Consumer Watchdog

President Obama announced on Sunday that he will nominate Richard Cordray, who aggressively pursued cases against banks over illegal mortgage practices, to lead new consumer finance watchdog agency, the Consumer Financial Protection Bureau. Cordray already works for the bureau as director of its enforcement team. The decision ducks a fight over Elizabeth Warren, the controversial… Read More

To Save Mortgages, Should We Share Them?

Mortgages

To Save Mortgages, Should We Share Them?

To Save Mortgages, Should We Share Them?

It’s been almost five years since the housing bubble burst. And still the long sought-after recovery is nowhere in sight. Nearly 11 million households owe more on their mortgages than their houses are worth. Lenders foreclosed on more than 680,000 homes in the first three months of 2011, according to RealtyTrac. Yet banks remain so overwhelmed… Read More

Companies Pour on the Lobbyists to Block Financial Reform

Personal Finance

Companies Pour on the Lobbyists to Block Financial Reform

Companies Pour on the Lobbyists to Block Financial Reform

The financial services industry spent a whopping $117 million to lobby Congress and the federal government in the first three months of 2011, according to research by the Center for Responsive Politics. A major focus of all that lobbying pressure was to delay, change or repeal various parts of the Dodd-Frank financial reform law, which… Read More

What to Do When You Get a Data Breach Letter

Identity Theft

What to Do When You Get a Data Breach Letter

What to Do When You Get a Data Breach Letter

A day doesn’t go by when we don’t read news of a data breach at a major company, healthcare facility or financial institution. The breaches at Epsilon, Sony and now brokerage Morgan Stanley Smith Barney, are a good example. We asked Eduard Goodman, Identity Theft 911 chief privacy officer and an expert on international privacy… Read More

Foreclosure Activity Drops 29 Percent in First Half

Mortgages

Foreclosure Activity Drops 29 Percent in First Half

Foreclosure Activity Drops 29 Percent in First Half

Overall, the number of homeowners who received some form of foreclosure actions – default or auction sale notices and repossessions – during the first six months of the year slipped to just more than 1.17 million, down 25 percent from the previous half and 29 percent from the same half in 2010, according to the… Read More

Report Blasts Conservatives for Torpedoing Crisis Commission

Personal Finance

Report Blasts Conservatives for Torpedoing Crisis Commission

Report Blasts Conservatives for Torpedoing Crisis Commission

Rather than use the $8 million they were given to figure out what caused the 2007 financial crisis, Republican members of the bipartisan Financial Crisis Inquiry Commission used their positions to undermine Democrats’ biggest response to that crisis, according to results of an investigation published this week. The probe, begun by Republican Congressman Darrell Issa… Read More

Show Me More

Find out where you stand.
Get your FREE personalized credit report card.

Sign Up Now
X

Stay Connected to your experts

Please submit your email address to get credit & money tips & advice
from our team of 30+ experts, delivered weekly to your inbox.