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

Americans May Turn Away from Debit Cards

Credit Cards

Americans May Turn Away from Debit Cards

Americans May Turn Away from Debit Cards

Many major lenders are now testing plans that will charge consumers a monthly fee for maintaining an account with an associated debit card, and customers say that this will make them reconsider their payment methods, according to a report based on a poll by the Associated Press and GfK Custom Research. Currently, nearly 67 percent… Read More

Consumers Once Again Willing to Deal with Credit Cards

Credit Cards

Consumers Once Again Willing to Deal with Credit Cards

Consumers Once Again Willing to Deal with Credit Cards

Though employment is still sluggish, other economic indicators have consumers feeling better about the economy in general and their finances in particular, and as a result, many Americans are now using their credit cards more often than they did in the past, and carrying more debt as well, according to a report from Forbes Magazine…. Read More

Credit Score Q&A: Impact of Requesting Credit Card Limit Increase?

Credit Score

Credit Score Q&A: Impact of Requesting Credit Card Limit Increase?

Credit Score Q&A: Impact of Requesting Credit Card Limit Increase?

Question: Brian from Dallas was surprised to see an inquiry surface on his credit report via the credit monitoring service he uses and found that when he recently called his credit card company to request an increase in his credit line, the issuer posted an inquiry to his credit report. Brian’s question was whether or… Read More

The Credit Line: The Lasting Impact of Child Identity Theft

Identity Theft

The Credit Line: The Lasting Impact of Child Identity Theft

The Credit Line: The Lasting Impact of Child Identity Theft

Tune in to this week’s installment of The Credit Line, hosted by Credit.com’s chairman and co-founder Adam Levin on Los Angeles’ KFWB 980 AM this Saturday, July 15, at 9 a.m. PST/Noon EST. The show is co-hosted by L.A. radio personality Jeff Levy. The Growing Epidemic of Child Identity Theft This week you’ll meet Jaleesa,… Read More

Obama: I’ll Veto Any Bank Regulator Budget Cuts

Personal Finance

Obama: I’ll Veto Any Bank Regulator Budget Cuts

Obama: I’ll Veto Any Bank Regulator Budget Cuts

President Obama’s administration warned on Wednesday that it will recommend the president veto any budget that strips funding from federal bank regulators like the Consumer Financial Protection Bureau. As the budget fight escalates and Republicans tangle with the president on ways to trim billions from the federal budget to prevent the government from defaulting on… Read More

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