Report: States Let Banks Charge Unemployed Workers “Junk” Fees

Personal Finance

Report: States Let Banks Charge Unemployed Workers “Junk” Fees

Report: States Let Banks Charge Unemployed Workers “Junk” Fees

Paying unemployment benefits with prepaid debit cards instead of paper checks may seem like an obvious win-win. States get to save money on printing checks. And people who are out of work get to avoid spending precious money on check-cashing fees. But in many states, prepaid cards are actually a win-lose, according to a new… Read More

The Impact of Student Loans on Your Credit

Students

The Impact of Student Loans on Your Credit

The Impact of Student Loans on Your Credit

As the cost of education continues to increase at accelerated rates, more and more students are seeking loans to finance college degrees. According to The New York Times, two-thirds of bachelor’s degree recipients graduated with debt in 2008, compared with less than half in 1993. In 2010, graduates who took out loans left college with… Read More

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

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