NFC Credit Card Purchases Not Expected for iPhone 5

Personal Finance

NFC Credit Card Purchases Not Expected for iPhone 5

NFC Credit Card Purchases Not Expected for iPhone 5

Rumors from England indicate that Apple’s iPhone 5 will not include near-field communication technology, which would have enabled users to utilize the device as a “mobile wallet” to make credit card purchases, according to a report from Apple Insider. Similarly, the same technology was expected to be included in the iPad 2, yet the product… Read More

Top (Non-Credit) Cards That’ll Earn You Discounts

Personal Finance

Top (Non-Credit) Cards That’ll Earn You Discounts

Top (Non-Credit) Cards That’ll Earn You Discounts

Next time you’re at the checkout counter and the salesperson gives you the famous store credit card pitch—the one where you can earn 10% off your purchase by opening up a store card—remember this: You may be able to still get a discount without applying for any kind of credit card at all. The fact… Read More

Wikileaks Ally Leaks Bank of America Documents

Mortgages

Wikileaks Ally Leaks Bank of America Documents

Wikileaks Ally Leaks Bank of America Documents

After months of anticipation about a trove of documents that could shake giant Bank of America to its knees, the hacker organization Anonymous released e-mails to the public Monday its members say prove that employees of a Bank of America-owned company committed mortgage fraud in a number of foreclosures. But so far, anyway, the e-mails… Read More

Financial News Roundup: Maintain Life Insurance, Bank Failures Rise

Personal Finance

Financial News Roundup: Maintain Life Insurance, Bank Failures Rise

Financial News Roundup: Maintain Life Insurance, Bank Failures Rise

Today’s top news headlines feature a new investigation into military foreclosures and a statement from the Fed about the state of economic progress. Plus, find out why experts are encouraging Americans to hang on to life insurance policies. Re-Evaluate Life Insurance The Wall Street Journal Many experts are urging Americans to think twice before cancelling… Read More

Judge Orders Debt Collector to Stop Using Facebook

Identity Theft

Judge Orders Debt Collector to Stop Using Facebook

Judge Orders Debt Collector to Stop Using Facebook

A Florida judge has ordered a debt collection company to stop using Facebook to pester a woman, her family and friends about an unpaid car loan. The case could have wide-ranging implications as debt collectors turn to social media sites to ratchet up pressure on people who owe money. According to a lawsuit filed in… Read More

TransUnion: Eight Million Credit Card Users “Inactive”

Credit Cards

TransUnion: Eight Million Credit Card Users “Inactive”

TransUnion: Eight Million Credit Card Users “Inactive”

A new study from TransUnion claims that there are eight million inactive credit card accounts in the U.S. today. The whopping number of inactive accounts likely triggered a 24.6% slide in U.S. credit card delinquency rates, according to the TransUnion study. Financial demographics play a big role, too. Most of those eight million inactive card… Read More

Prepaid Cards May Soon Be Issued By Banks

Personal Finance

Prepaid Cards May Soon Be Issued By Banks

Prepaid Cards May Soon Be Issued By Banks

Recent studies have found that many consumers will close their checking accounts when banks increase service fees, or add new ones. In an effort to keep customers, these financial institutions may begin soon offering them prepaid debit cards that carry lower fees, according to a report from MSN Money. [Consumer Resource: How to Order Your… Read More

The Mortgage Maze: Why Loans Will Be More Expensive

Mortgages

The Mortgage Maze: Why Loans Will Be More Expensive

The Mortgage Maze: Why Loans Will Be More Expensive

In a word, “Government.” Governments make rules. Rules are made to be followed, not to be broken. When you have rules, you need people to check to ensure they are followed. Now, it is quite clear that when Congress passed new laws, and various regulatory bodies like HUD and the Federal Reserve Board passed new… Read More

Regional Banks Still Stuck with Foreclosures

Mortgages

Regional Banks Still Stuck with Foreclosures

Regional Banks Still Stuck with Foreclosures

Many of the nation’s larger regional banks have hundreds of millions of dollars worth of home loan payments still outstanding, and most have a significant number of properties that could be repossessed, according to a report from financial news site The Street. However, because of the large number of foreclosures they need to fully review… Read More

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