Is Obama’s Cordray Appointment Unprecedented? Not by a Longshot.

Personal Finance

Is Obama’s Cordray Appointment Unprecedented? Not by a Longshot.

Is Obama’s Cordray Appointment Unprecedented? Not by a Longshot.

President Obama “manned up” Wednesday, exercised his executive authority and announced the recess appointment of Richard Cordray as the Director of the Consumer Financial Protection Bureau—ending months of partisan bickering and obstructionism by 45 Republican Senators and their patrons in the financial services industry. I read the comments of GOP leaders in the House and… Read More

How to Lower Your Credit Card Interest Rates

Credit Cards

How to Lower Your Credit Card Interest Rates

How to Lower Your Credit Card Interest Rates

I wanted to title this piece, “Lessons from someone who has 50+ credit cards, a great credit score, and hasn’t paid interest on a credit card balance in fifteen years.” But since that’s a little long, I’ll stick with the shorter title. This article is an excerpt from a recent interview with Scott Bilker, founder… Read More

More Subprime Borrowers Receiving Offers for New Credit Cards

Credit Cards

More Subprime Borrowers Receiving Offers for New Credit Cards

More Subprime Borrowers Receiving Offers for New Credit Cards

Millions of consumers across the country who have lower credit ratings may have had trouble gaining access to new lines of credit in the past, but that was proven to be less of a problem in 2011. Data that was recently unveiled by the marketing research firm Synovate shows that credit card lenders sent nearly… Read More

Strong Reactions to Obama’s CFPB Appointment

Personal Finance

Strong Reactions to Obama’s CFPB Appointment

Strong Reactions to Obama’s CFPB Appointment

Republicans and business groups howled in protest, while Democrats and consumer advocates cheered in victory, after President Obama formally appointed the first permanent director of the Consumer Financial Protection Bureau. By appointing Richard Cordray, the former Ohio attorney general who recently led the federal agency’s enforcement efforts, the president escalated a long-simmering war with Republicans… Read More

Debt Diva: A New Year, Healthier and Wealthier

Managing Debt

Debt Diva: A New Year, Healthier and Wealthier

Debt Diva: A New Year, Healthier and Wealthier

I am looking forward to this new year. By mid-year, I will not have any credit card debt. That will be the first time in 30 some years I will not have balances on cards. My only use of credit cards will be for regular expenses that I pay off monthly to keep the cards… Read More

Four Easy Credit Card Resolutions for 2012

Managing Debt

Four Easy Credit Card Resolutions for 2012

Four Easy Credit Card Resolutions for 2012

I used to be highly skeptical of New Year’s resolutions – mainly because I used to create such spectacularly hard-to-reach goals that I never made it past the second week of January before breaking one of them. But once I started making resolutions that were more realistic and had easy, reachable goals, I had some… Read More

In Surprise Move, Obama Appoints Consumer Protection Chief

Personal Finance

In Surprise Move, Obama Appoints Consumer Protection Chief

In Surprise Move, Obama Appoints Consumer Protection Chief

In a surprise move that ends months of speculation, President Obama appointed Richard Cordray to lead the Consumer Financial Protection Bureau during a trip to Ohio today. The move comes as a recess appointment while the Senate is away on its winter break, which allows the president to bypass Senate Republicans who have blocked Cordray’s… Read More

The Most DisCREDITed Ideas of 2011

Personal Finance

The Most DisCREDITed Ideas of 2011

The Most DisCREDITed Ideas of 2011

Welcome to the first annual “Most DisCREDITed Awards.” In a bad-economy year full of silly laws, mortgage miseries, political gaffes, Hatfield-McCoy feuding, credit downgrades, mysteriously rising prices, fee gouging of every description, and art-project political campaigns—whew(!)—I thought you might like a guide to help you to weed out the ridiculous from the truly tragic. So… Read More

Stop! That’s Money, Not Junk Mail

Personal Finance

Stop! That’s Money, Not Junk Mail

Stop! That’s Money, Not Junk Mail

Over 10 million checks are going out to credit card holders as the result of the Currency Conversion Fee Antitrust Litigation settlement that I last wrote about—get this, four years ago. These refund checks are being sent to credit card holders as a result of a class action lawsuit over the setting and disclosure of… Read More

Discardia: Not Anti-Stuff, Just Pro-Awesome

Personal Finance

Discardia: Not Anti-Stuff, Just Pro-Awesome

Discardia: Not Anti-Stuff, Just Pro-Awesome

Getting started with Discardia from Dinah Sanders on Vimeo. In 2002 Dinah Sanders started a personal holiday called Discardia. As she writes in her book, Discardia: More Life, Less Stuff, her quarterly festival celebrates “unconsumption, the slow movement, downshifting, and voluntary simplicity.” In other words, it’s about getting rid of stuff so you can enjoy… Read More

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