Millions Eligible for Foreclosure Reviews

Mortgages

Millions Eligible for Foreclosure Reviews

Millions Eligible for Foreclosure Reviews

This week, federal bank regulators rolled out details of a program intended to help homeowners whose foreclosures were processed based on erroneous paperwork. Mortgage servicers have already begun sending mailings to borrowers, explaining how they can request for an independent consultant to review their case “if they believe they suffered financial injury as a result… Read More

Q&A: Student Loan Defaults and Garnished Wages

Students

Q&A: Student Loan Defaults and Garnished Wages

Q&A: Student Loan Defaults and Garnished Wages

The amount of federal and private student loan debt held by Americans, which is expected to top $1 trillion this year, has now surpassed credit card debt. And given the persistently high unemployment rate, it should come as no surprise that more Americans are defaulting on their student loans. In September, the Department of Education… Read More

Report: Population Dips in the Recession

Personal Finance

Report: Population Dips in the Recession

Report: Population Dips in the Recession

Maybe continued economic uncertainty is forcing more Americans to make the rational, deliberate decision to put off the expenses of child rearing. Maybe the recession just makes it harder to feel freaky. Whatever the precise psychological explanation, the ongoing economic malaise in this country is closely related to a declining birth rate, according to new… Read More

Want to Switch Banks? Here’s How to Do It.

Personal Finance

Want to Switch Banks? Here’s How to Do It.

Want to Switch Banks? Here’s How to Do It.

There’s lots of talk lately about people switching banks. An announcement by Bank of America that it would charge customers $5 a month to make purchases with their debit cards (though they and other banks have backpedaled recently), coupled with increased attention to the Occupy Wall Street Movement, has focused a spotlight on growing outrage… Read More

BofA and Fellow Big Banks Drop Debit Card Fees

Credit Cards

BofA and Fellow Big Banks Drop Debit Card Fees

BofA and Fellow Big Banks Drop Debit Card Fees

Having incensed customers, inspired nationwide consumer protests, and inadvertently given community banks and credit unions a bonanza of free marketing opportunities, Bank of America, Wells Fargo, JPMorgan Chase and SunTrust Banks Inc., are dumping monthly debit card fees. BofA was supposed to begin its much-maligned $5-a-month fee for debit card use in 2012, but after… Read More

Cheat Sheet: What’s Happened to the Big Players in the Financial Crisis

Personal Finance

Cheat Sheet: What’s Happened to the Big Players in the Financial Crisis

Cheat Sheet: What’s Happened to the Big Players in the Financial Crisis

By Braden Goyette, ProPublica, Oct. 26, 2011, 2:56 p.m. Widespread demonstrations in support of Occupy Wall Street have put the financial crisis back into the national spotlight lately. So here’s a quick refresher on what’s happened to some of the main players, whose behavior, whether merely reckless or downright deliberate, helped cause or worsen the… Read More

Come on Folks, Get Your Free Credit Report!

Credit Score

Come on Folks, Get Your Free Credit Report!

Come on Folks, Get Your Free Credit Report!

Who isn’t satisfied by a good discount—or better yet, a freebie? Most people I know are, which is why information recently published by the Consumer Financial Protection Bureau surprised me. Their report, “The impact of differences between consumer- and creditor-purchased credit scores,” reveals that less than 16 million individual U.S. consumers obtain copies of their… Read More

Mental Money Saving Tips – Cash or Credit?

Credit Cards

Mental Money Saving Tips – Cash or Credit?

Mental Money Saving Tips – Cash or Credit?

Why pay more? We hear that a lot—it is the tag line of many store sales and a popular phrase among car dealership ads. We love the idea that we might be able to save a few dollars, yet we are probably spending more. Consider this research finding: McDonald’s customers spend 47% more when they… Read More

Spending Up, Disposable Income Down

Personal Finance

Spending Up, Disposable Income Down

Spending Up, Disposable Income Down

In the months of July through September, consumers spent three times as much as they did in the year’s second quarter, helping fuel a 2.5% rate of growth in the economy, according to a report from the U.S. Department of Commerce. Taken with news of an agreement to address the debt problem in Europe, the… Read More

Follow Friday: Weekly Web Roundup (10/28/11)

Personal Finance

Follow Friday: Weekly Web Roundup (10/28/11)

Follow Friday: Weekly Web Roundup (10/28/11)

This week we give you several reasons to care about credit, including saving thousands from low mortgage rates, securing your most personal data and receiving payments on your smartphone. Your credit knowledge, savvy and scores will dictate your financial future and there’s no better time to keep your eye on the ball than now. As… Read More

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