Commission Calls Mortgage Meltdown Avoidable

Mortgages

Commission Calls Mortgage Meltdown Avoidable

Commission Calls Mortgage Meltdown Avoidable

The 10-member Financial Crisis Inquiry Commission, made up of a number of financial experts from the public and private sectors, found that the type of risky mortgage lending that led to the financial crisis was the result of government deregulation, according to a report from the New York Times. While under the direction of former… Read More

Raising Data Privacy Awareness: 4th Annual Data Privacy Day

Identity Theft

Raising Data Privacy Awareness: 4th Annual Data Privacy Day

Raising Data Privacy Awareness: 4th Annual Data Privacy Day

January 28, 2011, marks the fourth annual Data Privacy Day and more than 27 countries around the globe have been celebrating the occasion all week long.  The goal? To raise awareness around data privacy issues and the importance of protecting personal data, as well as rights and protections related to personal data. Here in the… Read More

Fed Plans Cut-and-Run on Controversial Mortgage Rule

Mortgages

Fed Plans Cut-and-Run on Controversial Mortgage Rule

Fed Plans Cut-and-Run on Controversial Mortgage Rule

The Federal Reserve may drop its controversial effort to gut a rule that protects homeowners from fraudulent bank practices. After widespread complaints from consumer advocates that its changes to the rescission rule would actually kill the rule entirely, the Fed has quietly announced that it will duck the issue altogether. Rescission is used by homeowners… Read More

Debit Swipe Fee Regulations to be Reviewed

Personal Finance

Debit Swipe Fee Regulations to be Reviewed

Debit Swipe Fee Regulations to be Reviewed

House Financial Services Chairman Spencer Bachus of Alabama recently announced that one of the group’s subcommittees will meet on February 17 to discuss whether a Federal Reserve proposal to cap interchange fees on debit card purchases at 12 cents per transaction is fair, according to the committee’s website. “The Committee will be busy this year… Read More

Could Wall Street’s Bailout Become Taxpayer’s Boon?

Personal Finance

Could Wall Street’s Bailout Become Taxpayer’s Boon?

Could Wall Street’s Bailout Become Taxpayer’s Boon?

Remember the Wall Street Bailout? You know, that horrible travesty that cost taxpayers billions and rewarded Wall Street’s worst risk takers for plunging the American economy into the dump? Well don’t look now, but the bailout may become one of the best investments taxpayers ever made. In 2009 the Treasury Department paid $22.1 billion for… Read More

Follow Friday: Weekly Web Roundup (1/28/11)

Personal Finance

Follow Friday: Weekly Web Roundup (1/28/11)

Follow Friday: Weekly Web Roundup (1/28/11)

For this week’s Follow Friday, Credit.com edition, we’re sharing our top picks from our favorite bloggers and personal finance writers from around the Web. Whether you want to crack the credit card number code, are planning to marry a credit challenged partner, or fear your stash won’t last –we’ve got something here for you.  And… Read More

Roundup: Business Cards with Cash Rewards and No Annual Fees

Credit Cards

Roundup: Business Cards with Cash Rewards and No Annual Fees

Roundup: Business Cards with Cash Rewards and No Annual Fees

I don’t know about you, but I like my cash rewards card to come without an annual fee. It really diminishes the value of getting cash back when you have to fork over a chunk of money just to use the card for a year.  So I found three cash back cards for small business owners that… Read More

Facebook Scams: Social Networking Breaches Doubled in 2010

Identity Theft

Facebook Scams: Social Networking Breaches Doubled in 2010

Facebook Scams: Social Networking Breaches Doubled in 2010

Let’s go ahead and call 2010 the “Year of the Facebook Scam.” That after a new study from information technology and control firm Sophos , which says social networking users — especially Facebook fanatics — are ‘sitting ducks” for cyber thieves. [Related: A Thank You Letter to Facebook (From A Privacy Advocate] The 2011 Sophos… Read More

Watchdog Says Mortgage Modification Program Failed

Mortgages

Watchdog Says Mortgage Modification Program Failed

Watchdog Says Mortgage Modification Program Failed

Neil Barofsky, who was appointed special inspector general for bank bailouts, recently spoke before Congress and did not mince words when addressing the Home Affordable Modification Program’s lack of success, according to a report from USA Today. He called it a “failure” with a record for helping consumers that “has been nothing short of abysmal.”… Read More

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