Multiple Fronts in Mortgage Industry War

Mortgages

Multiple Fronts in Mortgage Industry War

Multiple Fronts in Mortgage Industry War

If you have a mortgage, or if you ever plan on buying a home, big changes are afoot that could change how much you pay, and in the repercussions for falling behind on your payments. At the state level, a coalition of attorneys general and other state banking regulators has issued the mortgage servicing industry… Read More

Equifax, Experian and TransUnion-Which Bureau Will Your Lender Use?

Credit Score

Equifax, Experian and TransUnion-Which Bureau Will Your Lender Use?

Equifax, Experian and TransUnion-Which Bureau Will Your Lender Use?

In the U.S., there are three major credit reporting agencies (Equifax, Experian and TransUnion) that collect credit-related information on you. Lenders use this information to evaluate your credit worthiness when you apply for a loan.  Why are there three agencies?  Do lenders access all three of your credit reports when you apply for a loan? … Read More

Credit Card Limits: Going Up or Down?

Credit Cards

Credit Card Limits: Going Up or Down?

Credit Card Limits: Going Up or Down?

I got a pleasant surprise in my mailbox this past weekend. I received a letter from one of my card issuers giving me a credit limit increase. This was a surprise because I didn’t ask for it. To be honest, when I saw the envelope, my first thought was, “Oh, geez. This must be a notification… Read More

New Federal Reserve Proposals Close Credit Card Loopholes

Credit Cards

New Federal Reserve Proposals Close Credit Card Loopholes

New Federal Reserve Proposals Close Credit Card Loopholes

The Federal Reserve recently proposed three new changes to consumer protection laws that will make it more difficult for lenders to circumvent the spirit if not the letter of the Credit CARD Act, according to a report from The Associated Press. The new changes will go into effect on October 1. [Resource: Get Your Free… Read More

Report: IRS Still Putting our Financial Data at Risk

Identity Theft

Report: IRS Still Putting our Financial Data at Risk

Report: IRS Still Putting our Financial Data at Risk

Instead of getting better at protecting taxpayers’ personal financial information, the Internal Revenue Service is actually getting worse, according to a new report by the Government Accountability Office. The IRS has failed to fix most of its existing data security vulnerabilities, even as new ones continue to crop up. “(C)ontrol weaknesses over key financial and… Read More

Financial News Roundup: Retirement Accounts Boom, Health Policy More Inclusive

Personal Finance

Financial News Roundup: Retirement Accounts Boom, Health Policy More Inclusive

Financial News Roundup: Retirement Accounts Boom, Health Policy More Inclusive

Today’s top news headlines feature advice to consumers about prioritizing their financial goals and new information about the healthcare reform’s pre-existing conditions provision. Plus, find out how Americans’ 401(k) accounts are faring in a troubled market. Americans Encouraged to Prioritize Their Finances The New York Times Industry experts are urging Americans to place equal importance… Read More

10 Money Saving Tips That Don’t Work

Personal Finance

10 Money Saving Tips That Don’t Work

10 Money Saving Tips That Don’t Work

We all want to save money, and there’s a wide world of information out there trying to help us. But: all savings tips are not created equal. Know your own spending habits and priorities when evaluating tips. To start, we’ve got ten tips that may make you spend more than you save.

Data Leak at Stem Cell Bank Makes My Blood Run Cold

Identity Theft

Data Leak at Stem Cell Bank Makes My Blood Run Cold

Data Leak at Stem Cell Bank Makes My Blood Run Cold

The database compromise club has a new member. Mazel Tov, Cord Blood Registry. You are the latest organization to fail in your responsibility to your clients by neglecting to provide even minimal security for their personal data.  Your membership card is in the mail. Who is CBR? Before diving into the data leak, let’s learn… Read More

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