Warren vs Cordray: Who’s The Better Pick?

Personal Finance

Warren vs Cordray: Who’s The Better Pick?

Warren vs Cordray: Who’s The Better Pick?

Earlier this morning, Credit.com’s chairman and founder, Adam Levin appeared live on The Daily Ticker with Aaron Task.  When asked about Obama’s decision to choose Cordray over Warren, Levin felt “Obama should have manned up.” (Read Levin’s column on the issue, Un-Warrented: American Consumers Lose their Biggest Defender.) Watch the full interview » Read more… Read More

Financial News Roundup: Costs Of Being A Family Caregiver, Job Competition in Elite Industries Returns

Personal Finance

Financial News Roundup: Costs Of Being A Family Caregiver, Job Competition in Elite Industries Returns

Financial News Roundup: Costs Of Being A Family Caregiver, Job Competition in Elite Industries Returns

Today’s top news headlines feature low-cost ways families can enjoy a ‘staycation’ and reasons competition is growing again for white collar positions. Plus, find out the financial burden of being an unpaid family caregiver. Certain Industries Extend Multiple Job Offers Fortune Individuals who worked in certain industries – namely higher-ranking white-collar positions – may be… Read More

The Debt Diet Challenge: Our Participants Weigh in on Week #1

Managing Debt

The Debt Diet Challenge: Our Participants Weigh in on Week #1

The Debt Diet Challenge: Our Participants Weigh in on Week #1

Welcome to the first installment of The Debt Diet Challenge, in which Credit.com follows the lives of five people selected to take Jean Chatzky’s Debt Diet to get themselves out of debt and on track to a better financial future. Every week, Jean Chatzky will update us on the participants’ progress, and the participants will… Read More

The Debt Diet Challenge Week #1: Vacation Brain

Managing Debt

The Debt Diet Challenge Week #1: Vacation Brain

The Debt Diet Challenge Week #1: Vacation Brain

Background: If you didn’t read the Credit.com introduction to The Debt Diet and the selection of our five participants, here’s what you need to know to catch up.  The Debt Diet is an online behavioral change program to help users get out of debt by putting aside $10 a day.  It was developed by Pro-Change… Read More

3 Ways the CFPB Can Help Protect Young Consumers

Students

3 Ways the CFPB Can Help Protect Young Consumers

3 Ways the CFPB Can Help Protect Young Consumers

As the Consumer Financial  Protection Bureau (CFPB) gears up to launch this Thursday, I have a few recommendations on behalf of young adults and college students in America. As we know, many in this generation lack the financial literacy necessary to make educated choices when it comes to credit and managing their money. Banks and… Read More

What the CFPB Should Do About Debt Collectors

Managing Debt

What the CFPB Should Do About Debt Collectors

What the CFPB Should Do About Debt Collectors

On July 21, 2009, the Plain Dealer reported that then-Ohio Attorney General Richard Cordray sued debt collection firm National Enterprise Systems Inc., accusing the firm of violating Ohioans’ rights under the Fair Debt Collection Practices Act (FDCPA) and harassing them over past-due debts. Exactly two years later, the Dodd-Frank Wall Street Reform Act, which lays… Read More

Delinquency and Default Decline Nearly Across the Board

Mortgages

Delinquency and Default Decline Nearly Across the Board

Delinquency and Default Decline Nearly Across the Board

Five of the nation’s six largest credit card lenders reported that they had to write off fewer defaulted accounts as being uncollectable in June, while only one of them saw delinquency increase, and that was by a miniscule amount, according to a report from the Associated Press. Currently, all but Citibank have reported their monthly… Read More

Fewer Signing Up For College Credit Cards

Students

Fewer Signing Up For College Credit Cards

Fewer Signing Up For College Credit Cards

The Federal Reserve Board found that the number of credit cards issued to consumers through universities and alumni groups dipped 17 percent in 2010, according to a report from USA Today. In addition, the number of agreements between these organizations and credit card lenders fell as well, though by a less substantial 4 percent. In… Read More

Post Warren, the Battle Over the CFPB is Far From Over

Personal Finance

Post Warren, the Battle Over the CFPB is Far From Over

Post Warren, the Battle Over the CFPB is Far From Over

Remember “I’m Just a Bill,” that famous educational video about how a proposed piece of legislation in Congress becomes a law? What the makers of Schoolhouse Rock neglected to mention is that they merely described Step One. Next comes Step Two, in which federal agencies decide the law’s specific rules, and how those rules will… Read More

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