Financial News Roundup: State, Local Layoffs Expected, Unemployment Inhibits Foreclosure Assistance

Personal Finance

Financial News Roundup: State, Local Layoffs Expected, Unemployment Inhibits Foreclosure Assistance

Financial News Roundup: State, Local Layoffs Expected, Unemployment Inhibits Foreclosure Assistance

Today’s top news headlines feature reasons joblessness has become the primary driver of foreclosures and data showing Americans continue to avoid seeking healthcare. Plus, find out how many jobs state and local governments expect to eliminate. Federal Foreclosure Program Provides Little Aid For Unemployed The New York Times Unemployment has been named one of the… Read More

Victims in Credit Card Scam Win Settlement

Credit Cards

Victims in Credit Card Scam Win Settlement

Victims in Credit Card Scam Win Settlement

This article has been removed. Correction: Credit.com incorrectly identified Vistaprint as having settled a class action lawsuit regarding improper charges on consumer debit cards. Vistaprint, in fact, was not part of the settlement in question. The settlement was with Vertrue LLC and Adaptive Marketing LLC. Vistaprint was named in a class action lawsuit in Texas regarding… Read More

Worried About Online Security? Use a Temporary Credit Card Number

Credit Cards

Worried About Online Security? Use a Temporary Credit Card Number

Worried About Online Security? Use a Temporary Credit Card Number

The recent Sony PlayStation Network breach has spawned a renewed interest in single-use (also called disposable, secure or virtual) credit card numbers. A single-use credit card number is basically an alias for your actual credit card number. Most of the major credit card issuers offer this service, but it goes by different names. Citibank calls… Read More

7 Deals You Will Regret Buying

Personal Finance

7 Deals You Will Regret Buying

7 Deals You Will Regret Buying

Deals can definitely save you money on anything from travel to clothes to restaurants. But some deals are too much of a hassle and not worthwhile in the long run.

Fewer Students Now Have Credit Cards

Credit Cards

Fewer Students Now Have Credit Cards

Fewer Students Now Have Credit Cards

A recent survey by Sallie Mae found that just 49 percent of students between 18 and 20 had at least one credit card last year, down significantly from the 76 percent the year before, according to a report from Harlingen, Texas, television station KGBT. But many teens are still circumventing the intent of the laws… Read More

Trade Your House For a Shack? One Couple Did It

Mortgages

Trade Your House For a Shack? One Couple Did It

Trade Your House For a Shack? One Couple Did It

How would you like to trade in your 2,000 square foot home for a tiny shotgun shack? One happy couple did it, together with their teenage son. In a video originally posted on faircompanies.com and picked up earlier this week by Gawker, matriarch Debra (no last name given) provides a tour of her family’s teeny… Read More

Democrats Fight to Save 30-Year-Mortgages

Mortgages

Democrats Fight to Save 30-Year-Mortgages

Democrats Fight to Save 30-Year-Mortgages

Critics say a new law introduced by Republican U.S. Rep. Jeb Hensarling, designed to advance the rate at which the portfolios for Fannie Mae and Freddie Mac are sold off, would severely limit the number of 30-year fixed-rate mortgages available in the U.S., according to a report from MartketWatch. Experts recently testified before Congress that… Read More

More Consumers Turn to Short Sales on Underwater Homes

Mortgages

More Consumers Turn to Short Sales on Underwater Homes

More Consumers Turn to Short Sales on Underwater Homes

Short sales – selling a home for less than it’s worth as a means of avoiding foreclosure – are growing more popular, and becoming easier to complete, according to a report from the San Jose Mercury News. Just a year ago, such a transaction was a lengthy process, because it required bank approval. But now,… Read More

Soldiers Get $22 Million for Illegal Foreclosures

Mortgages

Soldiers Get $22 Million for Illegal Foreclosures

Soldiers Get $22 Million for Illegal Foreclosures

Two big banks will pay $22 million in monetary relief for illegally foreclosing on active-duty soldiers. Bank of America and Morgan Stanley foreclosed on 178 members of the military, in violation of the Servicemembers Civil Relief Act, according to the Department of Justice. The biggest part of the settlement comes against BAC Home Loans, formerly… Read More

Show Me More

Find out where you stand.
Get your FREE personalized credit report card.

Sign Up Now
X

Stay Connected to Our Experts

Please submit your email address to get credit & money tips & advice
from our team of 30+ experts, delivered weekly to your inbox.