Tennessee Legislature Advances Foreclosure Notice Reduction Bill

Mortgages

Tennessee Legislature Advances Foreclosure Notice Reduction Bill

Tennessee Legislature Advances Foreclosure Notice Reduction Bill

The Tennessee House of Representatives recently passed a bill with a large amount support that would reduce the number of foreclosure notices mortgage lenders have to publish in local newspapers, according to a report from The Associated Press. The bill will cut the number of notices that must be published from three to two, and… Read More

A New Trend—Plastic Paychecks?

Personal Finance

A New Trend—Plastic Paychecks?

A New Trend—Plastic Paychecks?

We’ve all received paychecks. How about a pay…card? The drugstore giant Rite Aid announced that it will offer its 91,000 employees the chance to receive their paychecks on prepaid debit cards. “We think it’s good for our associates because we promote direct deposit,” Karen Rugen, the company’s lead spokeswoman, said in a phone interview. “And… Read More

Bank of America Rolls Out New Banking Fees

Mortgages

Bank of America Rolls Out New Banking Fees

Bank of America Rolls Out New Banking Fees

Bank of America recently announced its new fee system is being tested initially on first-time customers in Arizona, Georgia and Massachusetts, according to a report from the Florida Times-Union. However, while the fees range from $6 to $25 per month, the bank has also set up provisions by which consumers will see these fees waived…. Read More

Delays in Foreclosure Process Cause Actions to Hit 40-Month Low

Personal Finance

Delays in Foreclosure Process Cause Actions to Hit 40-Month Low

Delays in Foreclosure Process Cause Actions to Hit 40-Month Low

There were foreclosure filings against 219,258 U.S. housing units during April, a 9 percent drop from March, and a year-over-year decline of 34 percent, according to the latest monthly statistics from the housing market data collection firm RealtyTrac. This means that one of every 593 housing units in the country received some sort of foreclosure… Read More

Top Payday Lender Sings Federal Consumer Watchdog’s Praises

Personal Finance

Top Payday Lender Sings Federal Consumer Watchdog’s Praises

Top Payday Lender Sings Federal Consumer Watchdog’s Praises

The Consumer Financial Protection Bureau’s newest admirer may come as a surprise to some, but he’s making no secret about his affections. Billy Webster, chairman of Advance America, one of the nation’s largest payday lenders, is touring Washington, D.C. and saying nice things about the bureau and its interim chief, Elizabeth Warren. “People . …. Read More

Financial News Roundup: Foreclosures Plummet To New Low, Government Refuses To Back Expensive Home Loans

Personal Finance

Financial News Roundup: Foreclosures Plummet To New Low, Government Refuses To Back Expensive Home Loans

Financial News Roundup: Foreclosures Plummet To New Low, Government Refuses To Back Expensive Home Loans

Today’s top news headlines feature new ways banks are “profiling” their customers and reasons the federal government will no longer back pricey mortgages. Plus, find out why foreclosure rates have dropped to record lows. Government No Longer To Back Expensive Home Loans The New York Times The federal government is considering stepping away from the… Read More

Follow Friday: Weekly Web Roundup (5/13/11)

Personal Finance

Follow Friday: Weekly Web Roundup (5/13/11)

Follow Friday: Weekly Web Roundup (5/13/11)

This week, we bring you the sweet and the sour with posts about both financial relief and turmoil. In a glass half-full spirit, we invite you to enjoy your finances, but to always remember that caution is a virtue. As always, if you enjoy any of our favorite bloggers, we encourage you to follow them… Read More

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