Congress Probes Google, Apple on Tracking

Identity Theft

Congress Probes Google, Apple on Tracking

Congress Probes Google, Apple on Tracking

Apple and Google had a smoother time on Capitol Hill than many people expected on Tuesday, as representatives of the companies appeared before Congress to defend their practices of using mobile devices to physically track consumers. Senator Al Franken, who chaired the privacy hearing, started the event off with praise for both companies. “Don’t get… Read More

Lower Swipe Fees May Have Severe Consequences for Consumers

Credit Cards

Lower Swipe Fees May Have Severe Consequences for Consumers

Lower Swipe Fees May Have Severe Consequences for Consumers

Some of the largest banks and lenders in the U.S. have already begun altering the programs they offer to customers in preparation for the possible implementation of a rule to cut the amount they can charge for swipe fees, according to a report from CNN Money. For example, many have axed debit rewards cards, boosted… Read More

Credit Report Mistakes? Here’s How to Fix Them

Credit Score

Credit Report Mistakes? Here’s How to Fix Them

Credit Report Mistakes? Here’s How to Fix Them

When you find a mistake on your credit report, the advice is always the same: dispute it. It is your right under federal law to dispute incorrect or incomplete information with both the credit reporting agency (or agencies) reporting the data, as well as with the furnisher—the issuing credit card company, auto lender or debt… Read More

Financial News Roundup: Florida Slashes Unemployment Benefits, Homemakers Have Difficulty Securing Credit

Personal Finance

Financial News Roundup: Florida Slashes Unemployment Benefits, Homemakers Have Difficulty Securing Credit

Financial News Roundup: Florida Slashes Unemployment Benefits, Homemakers Have Difficulty Securing Credit

Today’s top news headlines feature new ways banks are using technology to conduct transactions and a new Florida bill that would tie jobless benefits to the state’s unemployment rate. Plus, find out why stay-at-home parents may have a more difficult time securing a credit card. Florida To Reduce Jobless Benefits CNN Money Florida became the… Read More

Citizens Bank Settles Discrimination Lawsuit

Mortgages

Citizens Bank Settles Discrimination Lawsuit

Citizens Bank Settles Discrimination Lawsuit

Citizens Bank has agreed to settle a federal lawsuit over allegations that it systematically denied loans to African-American neighborhoods in Detroit. Under the settlement, the bank will spend $3.6 million on grants and loans to African-American households. “This type of discrimination is part of the web of intolerable practices that stripped vast amounts of wealth… Read More

Student Loan Default Realities

Students

Student Loan Default Realities

Student Loan Default Realities

It’s been famously identified as “good debt,” but if borrowers ever fall behind on their student loans, “good” can quickly turn into “evil.”

Ohio’s Biggest Cities Plagued by High Foreclosure Rates

Mortgages

Ohio’s Biggest Cities Plagued by High Foreclosure Rates

Ohio’s Biggest Cities Plagued by High Foreclosure Rates

New data from the nonprofit organization National People’s Action shows that one in 10 properties in the cities of Cleveland, Cincinnati and Columbus have been in foreclosure since the housing crisis began, according to a report from the Youngstown Business Journal. In addition, one in 20 properties in the “Three Cs” has been seized by… Read More

More Roadblocks for New Consumer Protection Agency

Personal Finance

More Roadblocks for New Consumer Protection Agency

More Roadblocks for New Consumer Protection Agency

Senate Republicans vow they will block any attempt to name a director for the government’s newest consumer watchdog agency, escalating a political battle over the policing of the financial services industry. In a recent letter to President Obama, 44 Republican senators warned that they would filibuster the administration’s nominee to lead the new Consumer Financial… Read More

“Fake” Debt Collection Court Lawyer Silent In Real Trial

Managing Debt

“Fake” Debt Collection Court Lawyer Silent In Real Trial

“Fake” Debt Collection Court Lawyer Silent In Real Trial

The company that used a fake courtroom to threaten a widow with jail and to steal her son’s car found itself in a real courtroom last week with little to say. Appearing in Erie County Court, an attorney for the collections company Unicredit America offered no defense for the strong-arm tactics it allegedly deployed. As… Read More

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