Why Privatization Won’t Solve the Student Loan Problem

Students

Why Privatization Won’t Solve the Student Loan Problem

Why Privatization Won’t Solve the Student Loan Problem

The cost of financing higher education has long been a sticking point among lawmakers. In fact, the unnecessary fight over the continuation of the government’s subsidized Stafford Loan program rates spilled onto the campaign trail this summer, culminating in pledges of support from both candidates and a 12-month extension. Earlier this month, Christopher Maag published… Read More

The High-Tech Evolution of Prepaid Cards

Personal Finance

The High-Tech Evolution of Prepaid Cards

The High-Tech Evolution of Prepaid Cards

What is a bank account? Is it a physical place to store money, a financial product that exists only in the virtual world, or perhaps both? When American Express and Walmart recently announced their new Bluebird prepaid card, it seemed like the answer may now be more confusing than ever. With a prepaid card like… Read More

MasterCard to Begin Selling Customer Data

Credit Cards

MasterCard to Begin Selling Customer Data

MasterCard to Begin Selling Customer Data

Many consumers use their credit and debit cards on a daily basis to make all sorts of purchases, and now it seems one of the world’s largest processors of those purchases is willing to sell consumer data to advertisers. MasterCard – the world’s second-largest processor of debit and credit card transactions, handling 34 billion per… Read More

More Homebuyers Entering Market, But Fewer ReFis Happening

Mortgages

More Homebuyers Entering Market, But Fewer ReFis Happening

More Homebuyers Entering Market, But Fewer ReFis Happening

With housing affordability still near an all-time high and many consumers beginning to feel better about their finances, interest in buying new homes has increased steadily in the past several months. That change was once again reflected in home loan applications filed nationwide, though overall activity fell as a result of people having less interest… Read More

Consumers Taking Bigger Role in Protecting Their Credit

Credit Score

Consumers Taking Bigger Role in Protecting Their Credit

Consumers Taking Bigger Role in Protecting Their Credit

When it comes to consumers’ attitudes about credit, many have changed their approaches to keeping theirs healthy over the last few years. These days, experts are seeing more people with troubled credit histories regularly checking their standing. Many consumers now keep track of their credit more closely than they did prior to the onset of… Read More

Credit.com in the News 10/20/12

Personal Finance

Credit.com in the News 10/20/12

Credit.com in the News 10/20/12

This week the experts from Credit.com spoke to the media, offering insight on online banking, mobile device security, credit scores, credit cards and debt. Check out the hits… 5 Online Mistakes That Put You In Jeopardy Credit.com co-founder Adam Levin spoke to Jessica Doyle at WUSA9 about what constitutes safe behavior online. He offers several… Read More

CFPB Proposes New Credit Card Rule for Stay-At-Home Parents

Credit Cards

CFPB Proposes New Credit Card Rule for Stay-At-Home Parents

CFPB Proposes New Credit Card Rule for Stay-At-Home Parents

In the past, many stay-at-home spouses across the country had difficulty obtaining a credit card in their own name thanks to a provision from a law designed to protect them. But recently, the federal consumer watchdog proposed a rule that it says will make “common-sense” changes to the rule. The federal Consumer Financial Protection Bureau… Read More

When Debt Collectors Go After American War Heroes

Personal Finance

When Debt Collectors Go After American War Heroes

When Debt Collectors Go After American War Heroes

When it comes to scandalous behavior by debt collectors, I thought I’d heard it all. This is an industry known for its bottom feeders, who routinely bully and intimidate the weakest and most vulnerable among us. Many debt collectors berate and humiliate people into paying off debts that never existed, and pursue people for years,… Read More

Will the Gov’t Fix the Medicare ID Theft Problem?

Identity Theft

Will the Gov’t Fix the Medicare ID Theft Problem?

Will the Gov’t Fix the Medicare ID Theft Problem?

Leaders of the Medicare program know that identity thieves have stolen the health identification numbers of more than a quarter million people, but they refuse to address the problem, according to a recent government investigation. The issue is serious enough that it “could delay or prevent beneficiaries from receiving needed services,” according to the report… Read More

Consumer Group Asks CFPB for End to Some Mortgage Rules

Mortgages

Consumer Group Asks CFPB for End to Some Mortgage Rules

Consumer Group Asks CFPB for End to Some Mortgage Rules

The federal watchdog agency in charge of protecting consumers’ finances recently proposed a number of rules for the ways in which mortgage lenders and servicers deal with borrowers, but one group thinks these regulatory changes could actually be harmful for Americans. The consumer advocacy group Americans for Financial Reform, made up of a number of… Read More

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