Lost Money to Wall Street? Payback Time Begins.

Personal Finance

Lost Money to Wall Street? Payback Time Begins.

Lost Money to Wall Street? Payback Time Begins.

If your retirement fund bought any mortgage-related investments during the housing bubble, now may be time for a little payback. In two separate announcements in recent days, federal officials announced they will make Wall Street investment houses answer for allegedly lying to investors about the quality of mortgage-backed securities sold right before the housing bubble… Read More

Worse than Zombies: The Mobile Botnets are Coming

Personal Finance

Worse than Zombies: The Mobile Botnets are Coming

Worse than Zombies: The Mobile Botnets are Coming

As our smartphones have become our wallets and personal computers, holding everything from banking to social network information, they’ve become targets for hackers, scammers and criminals. Our phones hold a treasure trove of data—and the bad guys know it. A screen lock is no longer enough. Dream Droid, a botnet-type of malware program, recently infected… Read More

What Does the Debit Card Fee Cap Mean for You? An Inside Look.

Credit Cards

What Does the Debit Card Fee Cap Mean for You? An Inside Look.

What Does the Debit Card Fee Cap Mean for You? An Inside Look.

The average small business will save $1,000 a year thanks to new limits on debit card swipe fees, according to a new estimate by Robert Baldwin, president of Heartland Payment Systems. Small restaurants will save $2,000 a year. Will those savings be passed on to consumers? Or will it be a wash, as banks hike… Read More

Wells Fargo Drops Reverse Mortgages: Is Financing Option Still Viable?

Mortgages

Wells Fargo Drops Reverse Mortgages: Is Financing Option Still Viable?

Wells Fargo Drops Reverse Mortgages: Is Financing Option Still Viable?

Last week, mega-bank Wells Fargo announced it will stop selling reverse mortgages to senior citizens. It was the second large bank to drop such loans, after Bank of America made the same decision in February. But does that mean reverse mortgages are a bad deal for seniors? Does it mean such loans will no longer… Read More

Financial News Roundup: Foreclosure Backlog Climbs, Unemployed Woman Jailed

Mortgages

Financial News Roundup: Foreclosure Backlog Climbs, Unemployed Woman Jailed

Financial News Roundup: Foreclosure Backlog Climbs, Unemployed Woman Jailed

Today’s top news headlines feature reasons many defaulted homeowners’ properties have not been repossessed and a new poll revealing Americans’ emergency savings are in trouble. Plus, find out why one unemployed woman was thrown in jail. Large Number of Americans Lack Emergency Savings The Associated Press A recent poll reveals almost a quarter of respondents… Read More

Credit Cards that Help You Build a Nest Egg

Credit Cards

Credit Cards that Help You Build a Nest Egg

Credit Cards that Help You Build a Nest Egg

It’s June and that means a lot of weddings are taking place. If you’re a newlywed, it might not sound very romantic to discuss finances so soon after a dreamy ceremony. But getting old and then facing a lousy retirement together doesn’t sound romantic either, does it? It’s so much better to grow old together when you can afford… Read More

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