Kardashian Sisters Win $75 Million Suit Over Prepaid Cards

Credit Cards

Kardashian Sisters Win $75 Million Suit Over Prepaid Cards

Kardashian Sisters Win $75 Million Suit Over Prepaid Cards

The Kardashian sisters may have behaved badly at the party introducing their new prepaid debit card, as we reported in January. But making them responsible for $75 million in damages over the failure of an entire credit card company is going too far, and violates their freedom of speech, a California judge has ruled. The… Read More

Paying For College: It’s All About the Math

Students

Paying For College: It’s All About the Math

Paying For College: It’s All About the Math

My sixth grade daughter already has her eyes set on college at Mount Holyoke College because of its excellent equestrian program. It’s an expensive school, and saving for college is tough when I am simultaneously shelling out money for her riding lessons now. So when Lynn O’Shaughnessy joined me on my radio show, Talk Credit… Read More

Government Report Says Fannie and Freddie Too Costly

Mortgages

Government Report Says Fannie and Freddie Too Costly

Government Report Says Fannie and Freddie Too Costly

A new report from the Federal Housing Finance Agency showed Fannie Mae and Freddie Mac, the two government-controlled home loan giants, suffered losses of $28 billion altogether in 2010, but that was down significantly from the $93.6 billion lost in 2009. However, the companies are still of major concern and could cost taxpayers even more… Read More

Job Hunting?  Make Sure Your Credit Report is Accurate

Credit 101

Job Hunting? Make Sure Your Credit Report is Accurate

Job Hunting?  Make Sure Your Credit Report is Accurate

If you are one of the millions of people currently seeking employment, you have likely spent countless hours perfecting your resume, researching perspective employers, preparing for interviews and making sure you look professional—all as a means to give you a competitive edge to secure the job offer. But have you also checked your credit report… Read More

Over a Quarter of Americans Still Drowning in Home Debt

Mortgages

Over a Quarter of Americans Still Drowning in Home Debt

Over a Quarter of Americans Still Drowning in Home Debt

The number of homeowners who owe more than their house is worth stayed just about steady over the last six months, despite slight improvements in the unemployment rate and other economic indicators, according to a recent study by CoreLogic. More than a quarter of all American households are now underwater or nearly underwater on their… Read More

Join a Credit Union Recently? Join the Club.

Personal Finance

Join a Credit Union Recently? Join the Club.

Join a Credit Union Recently? Join the Club.

If you recently joined a credit union, you’re not alone. More than 725,000 people became new members of credit unions during the 12 months ending in March 2011, according to new research by Dan Geller, vice president of Market Rates Insight, a banking research firm. “It’s definitely a substantial increase,” Geller says. Total deposits at… Read More

HSBC Might Begin Wind-Down of Credit Card Business

Credit Cards

HSBC Might Begin Wind-Down of Credit Card Business

HSBC Might Begin Wind-Down of Credit Card Business

The chief executive officer for HSBC recently said it would begin running down its $33 billion credit card portfolio if there is no buyer, largely in an effort to save money and cut its stake in consumer banking, according to a report from Reuters. This came after news last month that HSBC wanted to cut… Read More

Mega-Retailer Announces Mega-ATMs

Personal Finance

Mega-Retailer Announces Mega-ATMs

Mega-Retailer Announces Mega-ATMs

ATMs are coming to Walmart. And, just like everything the mega-retailer does, they will be supersized. The company announced last week that it will begin placing a “Money Center in a box” inside some of its stores, according to reporting by American Banker. For years Walmart has run Money Centers, staffed by human beings, which… Read More

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