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

Financial News Roundup: Layoffs Increase, Find Wise Financial Planners

Personal Finance

Financial News Roundup: Layoffs Increase, Find Wise Financial Planners

Financial News Roundup: Layoffs Increase, Find Wise Financial Planners

Today’s top news headlines features the top cities with the most millionaires and reasons layoffs may begin to rise again. Plus, discover the most effective way to find a trustworthy financial professional. Experts Say More Layoffs Possible The Huffington Post Economic stagnation has prompted many employers to impose hiring freezes, but experts say some may… Read More

CFPB Hearing: House Panel Civil, But Still Testy

Personal Finance

CFPB Hearing: House Panel Civil, But Still Testy

CFPB Hearing: House Panel Civil, But Still Testy

Consumers who tuned into Thursday’s hearing of the Congressional Oversight Committee may not have recognized what they were seeing. An earlier hearing, in May, about the government’s new watchdog agency, the Consumer Financial Protection Bureau, descended into a bunch of hotheaded yelling and accusations of lying, garnering quite a lot of press for a committee… Read More

Follow Friday: Weekly Web Roundup (7/15/11)

Personal Finance

Follow Friday: Weekly Web Roundup (7/15/11)

Follow Friday: Weekly Web Roundup (7/15/11)

While the news channels are a buzz and Washington is in gridlock, it’s hard not to see the parallels between the American government’s debt and the American consumer’s debt. This week’s roundup includes an article that will have you thinking about the similarities. We also have stories about the benefits of the nations rising credit… Read More

Underwater On Your Home Option 6: Bankruptcy

Mortgages

Underwater On Your Home Option 6: Bankruptcy

Underwater On Your Home Option 6: Bankruptcy

This is the final installment of my six-part series on possible ways to deal with an “underwater” home. To read the full series see “Underwater On Your Home? Your Six Options.” Option #6: Bankruptcy If you are drowning with an underwater mortgage, bankruptcy may help you get your head above the water – but it… Read More

Experts Say Foreclosure Delays May Harm Housing Recovery

Mortgages

Experts Say Foreclosure Delays May Harm Housing Recovery

Experts Say Foreclosure Delays May Harm Housing Recovery

As a result of the moratorium on foreclosure actions many of the nation’s top financial institutions put in place late last year, there is a massive backup of about 1 million homes in mortgage delinquency that should have been foreclosed on by now, according to a report from USA Today. Currently, experts predict that about… Read More

Child Identity Theft: The 17-10 Solution

Identity Theft

Child Identity Theft: The 17-10 Solution

Child Identity Theft: The 17-10 Solution

This week I had the opportunity to attend a fascinating forum in Washington, DC, to explore the myriad issues surrounding child identity theft, including foster care identity theft (a particularly cruel malady foisted upon children who already begin life behind the eight ball) and identity theft within families. The event was sponsored by the Federal… Read More

Alternative Card Options for Students: Debit or Prepaid?

Students

Alternative Card Options for Students: Debit or Prepaid?

Alternative Card Options for Students: Debit or Prepaid?

For many college-bound students that are too young to qualify for a traditional credit card, the need to manage money often boils down to either using a prepaid or debit card.  Both have similar characteristics, but depending on your financial habits, one may be a better fit. Let’s take a closer look: Debit Cards Debit… Read More

Financial News Roundup: Banks Eliminate Savings Bonds, Risky Loans Return

Personal Finance

Financial News Roundup: Banks Eliminate Savings Bonds, Risky Loans Return

Financial News Roundup: Banks Eliminate Savings Bonds, Risky Loans Return

Today’s top news headlines feature reasons lenders are extending riskier loans to borrowers again and changes in bank-issued savings bonds. Plus, find out the ratio of available jobs to prospective applicants. Private Lenders Extend Loans To Risky Borrowers The Wall Street Journal Analysts say private companies are issuing more subprime loans to risky borrowers who… Read More

Fed: Antitrust Agreement Won’t Lower Swipe Fees

Credit Cards

Fed: Antitrust Agreement Won’t Lower Swipe Fees

Fed: Antitrust Agreement Won’t Lower Swipe Fees

In case you haven’t noticed, there have been some big fights over the small fees consumers pay every time they swipe their debit cards. The loudest fight was over the Durbin Amendment, part of the Dodd-Frank financial reform law, which called for a cap on all debit swipe fees. After an expensive year-long battle, the… Read More

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