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Experian “Real Rates” – The APR You See is the APR You Get

Experian “Real Rates” – The APR You See is the APR You Get

Experian “Real Rates” – The APR You See is the APR You Get

Research by Showbrook shows that more than 21% of all consumers who apply for a credit card do not receive their cards at the promised APR (Annual Percentage Rate). The research shows that the average difference could be as high as 2.4%. Experian saw this gap and discrepancy in the market and decided to do... Read More

Wells Fargo Calculation Error Caused 400 Home Foreclosures

Wells Fargo Calculation Error Caused 400 Home Foreclosures

Wells Fargo Calculation Error Caused 400 Home Foreclosures

A glitch in Wells Fargo’s proprietary mortgage underwriting software led to hundreds of home foreclosures. An SEC filing disclosed in August revealed that a Wells Fargo “calculation error” unfairly barred 625 homeowners from mortgage modification. “We determined that an automated calculation error may have affected the decision on whether or not to offer or approve... Read More

Even Financial Expands Partnership with Credit.com

Even Financial Expands Partnership with Credit.com

Even Financial Expands Partnership with Credit.com

[DISCLOSURE – This article was originally published by Even Financial] Even’s Technology Now Powering Credit.com’s Personal Loan Marketplace New York, NY – March 14, 2018 – Even Financial, the technology platform powering financial services online, has expanded its strategic partnership with Credit.com, a go-to source for expert information about credit scoring, credit reporting, credit cards and... Read More

1 in 10 Americans Don’t Have a Credit Score or Credit Report

1 in 10 Americans Don’t Have a Credit Score or Credit Report

1 in 10 Americans Don’t Have a Credit Score or Credit Report

One in 10 U.S. adults is invisible to much of the American economy because they have no credit report or score, a new report by the Consumer Financial Protection Bureau has found. Those 26 million adults — disproportionately Black or Hispanic — have virtually no chance to borrow money or use credit cards. And another... Read More

Corinthian’s Failure Is the Government’s Failure, Too

Corinthian’s Failure Is the Government’s Failure, Too

Corinthian’s Failure Is the Government’s Failure, Too

No doubt you’ve heard the news: Corinthian Colleges has flipped the switch, leaving its 16,000 current students in the dark. The for-profit “career college,” headquartered in Santa Ana, Calif., had been the subject of student and staff complaints, investigations by numerous state attorneys general, the Consumer Financial Protection Bureau and the Securities and Exchange Commission.... Read More

The Next Big Company to Offer Free College Tuition: Fiat Chrysler

The Next Big Company to Offer Free College Tuition: Fiat Chrysler

The Next Big Company to Offer Free College Tuition: Fiat Chrysler

Thousands of employees at U.S. car dealerships will have the opportunity to get a free college degree as part of a program announced today by Fiat Chrysler Automobiles and Strayer University. Employees at Chrysler, Jeep, Dodge, Ram Truck and Fiat dealerships across the country will have the opportunity to get associate’s, bachelor’s or master’s degrees... Read More

Data Breach at UC Berkeley Exposes SSNs & Bank Info

Data Breach at UC Berkeley Exposes SSNs & Bank Info

Data Breach at UC Berkeley Exposes SSNs & Bank Info

A data breach at the University of California, Berkeley exposed some Social Security and bank account numbers of current and former students, in addition to some of their family members, according to an April 30 announcement from the school. There have not yet been signs of anyone abusing the data, the announcement said. The servers... Read More

Retirement Account Balances Reach a Record High

Retirement Account Balances Reach a Record High

Retirement Account Balances Reach a Record High

It’s no secret Americans aren’t great at saving for retirement. Actually, the research on that is pretty startling, but it seems people who are saving might be getting better at it. Retirement account balances have hit record highs and contributions have increased, according to an analysis from Fidelity Investments, one of the largest mutual fund... Read More

Homeownership Rate Sinks to Lowest Level Since 1993

Homeownership Rate Sinks to Lowest Level Since 1993

Homeownership Rate Sinks to Lowest Level Since 1993

The percentage of U.S. residents who own their homes is at the lowest point it has been for more than 20 years, according to a report from the U.S. Census Bureau. In the first quarter of 2015, 63.8% of people owned their housing units, down from 64.8% at the start of 2014 (these figures are... Read More

Despite Legal Uncertainties, Some Pot Dispensaries Accept Credit Cards

Despite Legal Uncertainties, Some Pot Dispensaries Accept Credit Cards

Despite Legal Uncertainties, Some Pot Dispensaries Accept Credit Cards

It’s been more than a year since legal recreational pot sales started in Colorado, and as much as dispensary owners enjoy the booming business, they’re sick of swimming in cash. Though the Department of Justice released regulations last year allowing banks to accept money from legal dispensaries, it’s still a federal crime — the announcement... Read More

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