Supreme Court Upholds Controversial ‘Obamacare’ Law

Personal Finance

Supreme Court Upholds Controversial ‘Obamacare’ Law

Supreme Court Upholds Controversial ‘Obamacare’ Law

The highest court in the land announced earlier today that it would uphold most of the healthcare overhaul pushed by President Barack Obama and approved by the U.S. Congress in 2010. Nearly all of the “Obamacare” law will be allowed to stand thanks to a Supreme Court ruling that went 5-4 in favor of the… Read More

Will Bank Credit Downgrades Affect Me?

Personal Finance

Will Bank Credit Downgrades Affect Me?

Will Bank Credit Downgrades Affect Me?

The interest rates and fees consumers are accustomed to paying for banking accounts, credit cards and other lines of credit may soon start to increase as a result of a recent downgrade in the credit ratings for a number of major institutions. Moody’s Investors Service downgraded the credit ratings for major U.S. financial institutions like… Read More

5 Credit Rules Everyone Should Follow

Credit 101

5 Credit Rules Everyone Should Follow

5 Credit Rules Everyone Should Follow

Managing credit correctly requires a certain amount of discipline. If you let your spending get out of control or take on too many loans, you could face big money troubles. That’s why, when it comes to borrowing, it’s important to have some guidelines. Here are five credit rules every consumer should follow so their finances… Read More

Considering a Non-Bank Mortgage? 7 Steps to Avoid Scams

Mortgages

Considering a Non-Bank Mortgage? 7 Steps to Avoid Scams

Considering a Non-Bank Mortgage? 7 Steps to Avoid Scams

During the height of the mortgage boom, it seemed all you needed to get a mortgage was a pulse. Now that banks have tightened their lending rules considerably, many people find it impossible to get a traditional mortgage. One of those people is Amber, a Credit.com reader who wrote us recently. Her “credit score is… Read More

Credit Complaint Database Could Benefit Small Banks

Personal Finance

Credit Complaint Database Could Benefit Small Banks

Credit Complaint Database Could Benefit Small Banks

A number of major banks have expressed some amount of consternation over the new credit card complaint database maintained by the federal government, but some experts say the program could be extremely helpful to smaller institutions. The federal Consumer Financial Protection Bureau’s new credit card complaint database collects the issues borrowers have lodged with the… Read More

5 Red Flags of the Next Mortgage Crisis

Mortgages

5 Red Flags of the Next Mortgage Crisis

5 Red Flags of the Next Mortgage Crisis

What will the next mortgage meltdown look like? For years, some financial analysts have worried that the 2008 financial crisis wasn’t unique. Rather, what if the mortgage crash merely exposed a beehive of fundamental problems in our economy that still exist today? Here are some of the competing theories about how these lingering problems might… Read More

Wallaby Turns Multiple Credit Cards Into One

Credit Cards

Wallaby Turns Multiple Credit Cards Into One

Wallaby Turns Multiple Credit Cards Into One

Anyone with a wallet full of plastic will understand the value of Wallaby, a new digital platform that combines a person’s existing credit cards onto one in order to increase their earning potential. Like other digital platforms, Wallaby uses a single card as the access point to a consumer’s digital wallet. However, this card has… Read More

Consumer Watchdog Agency Faces Lawsuit From Small Bank

Personal Finance

Consumer Watchdog Agency Faces Lawsuit From Small Bank

Consumer Watchdog Agency Faces Lawsuit From Small Bank

The federal agency tasked with helping to protect consumers from misleading, costly and troublesome lending practices on the part of large banks now faces a suit from a smaller institution and two advocacy groups over the broad regulatory power it yields. The State National Bank of Big Springs, Texas, along with the Competitive Enterprise Institute… Read More

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