In Defense of Consumer Protection

Personal Finance

In Defense of Consumer Protection

In Defense of Consumer Protection

The Minority Leader of the U.S. Senate, Mitch McConnell (R-KY) wants to prevent President Obama from appointing Elizabeth Warren, Raj Date (or frankly anyone other than the ghost of Adam Smith or Old Man Potter from “It’s a Wonderful Life”) to be the Director of the newly created Consumer Financial Protection Bureau unless and until… Read More

Hidden College Costs: The Transfer Tax

Students

Hidden College Costs: The Transfer Tax

Hidden College Costs: The Transfer Tax

Home buyers are known to spend months, maybe an entire year, searching for the perfect home.  They’ll compare costs, neighborhoods, taxes, schools, etc. After all, it’s likely going to be their biggest purchase ever. Buyer’s remorse is not something many can afford in this case. A college education should require a similar approach. While not… Read More

Fannie Mae Introduces Incentives for Foreclosure Purchases

Mortgages

Fannie Mae Introduces Incentives for Foreclosure Purchases

Fannie Mae Introduces Incentives for Foreclosure Purchases

Consumers who are attempting to buy a home will now have more incentive to purchase a property that has slipped into foreclosure thanks to one of the nation’s two mortgage giants. Fannie Mae recently announced that it would grant consumers incentives to purchase a home listed on a lender’s foreclosure list between now and October… Read More

Scratching Medical Debt from Credit Reports: The Cons

Managing Debt

Scratching Medical Debt from Credit Reports: The Cons

Scratching Medical Debt from Credit Reports: The Cons

Earlier this month the Medical Debt Responsibility Act of 2011 was introduced by U. S. Representative Heath Shuler.  In summary, the bill would require credit reporting agencies (Equifax, Experian, TransUnion, etc.) to remove paid or settled medical collection items up to $2,500 per collection from credit reports. [Related Article: Scratching Medical Debt from Credit Reports-The… Read More

AmEx, Usually Exclusive, Offers Debit Card for Everyone Else

Credit Cards

AmEx, Usually Exclusive, Offers Debit Card for Everyone Else

AmEx, Usually Exclusive, Offers Debit Card for Everyone Else

Looking for a way to put the cache of an American Express card into your wallet without jumping through the hoops of actually becoming a member? Or maybe you just need a prepaid debit card that doesn’t charge outrageous fees? American Express released a new card this week that lets you do both. In an… Read More

What it Takes to “Foreclose” on Your Bank

Mortgages

What it Takes to “Foreclose” on Your Bank

What it Takes to “Foreclose” on Your Bank

When Todd Allen went to bed the night of Thursday, June 2, his mind had already fast-forwarded to the following workday, when he was to show up at a Bank of America branch in Naples, Fla., along with a moving truck and two sheriff’s deputies prepared to act on the attorney’s written instructions. If BofA… Read More

Financial News Roundup: CEOs Discouraged Over Economic Recovery, Americans Put Off Retirement For Decades

Personal Finance

Financial News Roundup: CEOs Discouraged Over Economic Recovery, Americans Put Off Retirement For Decades

Financial News Roundup: CEOs Discouraged Over Economic Recovery, Americans Put Off Retirement For Decades

Today’s top news headlines feature reasons many Americans may not retire until they reach their 80s and the details of a new roundtable discussion among the country’s CEOs. Plus, find out why a Philadelphia foreclosure program has been so successful. Philadelphia Foreclosure Program Requires Face-To-Face Meetings The Huffington Post A recent study shows the strategies… Read More

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

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