Monthly Archives: May 2011
Will the CFPB serve up a small bank Rapture?
The American Bankers Association fears the Consumer Financial Protection Bureau will kill more than 1,000 small U.S. banks and credit unions.
Monday, May 23rd, 2011 by By Steve Tarlow
CFTC taking action against precious metal investment businesses
The Commodity Futures Trading Commission has filed suit against American Precious Metals, a company that offered fraudulent investments.
Monday, May 23rd, 2011 by By Mary Rice
LinkedIn IPO sends brokers scurrying for tech bubble cover
LinkedIn is the latest internet-based company to go public with a bang – and frighten investors who are wary of a new technology bubble.
Friday, May 20th, 2011 by By Steve Tarlow
Payday loan APR Fees and How They Compare To Other Financing Rates
A fee of $32 on a $100 bounced check can have an APR as high as 2,336%. You would be surprised to see how other fees measure up.
Marriage and money: pros and cons
Marriage has many financial advantages and disadvantages in a modern world. The adage that two can live more cheaply than one is not always so.
Friday, May 20th, 2011 by By Ron Ford
Applying for loans can cause credit score drops
The point of having a good credit score is to get approved for loans with good rates. However, applying for a loan will ding a credit score.
Friday, May 20th, 2011 by By Peter Stone
Hybrid policies replacing traditional term life insurance
Hybrid insurance policies that combine long-term care options with traditional life insurance, are gaining more ground in the marketplace.
Thursday, May 19th, 2011 by By Ron Ford
Installment Loans Online and How They Differ From The Average Payday Loan
One of the most liked features of installment loans is being able to pay them back over a much longer period of time then normal loans you may find locally.
OnDeck platform provides a credit rating to small businesses
Small businesses have a new resource, OnDeck, for aggregating financial information and gaining an independent credit rating.
Thursday, May 19th, 2011 by By Mary Rice
New mortgage shopping sheet attempts to simplify and clarify
The CFPB today offers two prototypes of a new disclosure form for mortgage borrowing in an attempt to clarify the process for consumers.
Wednesday, May 18th, 2011 by By Ron Ford
Senate wants 401(k) accounts off-limits as personal loan funds
The United States Senate proposing a bill to limit the use of 401(k) accounts as a source of personal loans when people fall short.
Wednesday, May 18th, 2011 by By Peter Stone
The Ease and Convenience of Short Term Loans Needs To Be Managed In A Smart Way
It is not wise to go crazy with short term loans just because you can get them online with no credit checks, no collateral and without having to fax in tons of documents.
Overdraft does not harm credit, but it is not harmless
Checking overdraft alone won't smear your credit, but keeping up to date on your financial record is always advisable to help avoid fraud.
Wednesday, May 18th, 2011 by By Steve Tarlow
7 easy ways to qualify for 2011 Energy Tax Credits
The 2011 Energy Tax Credits program has dropped back down to $500 per project, but every bit helps with energy-saving home updates.
Wednesday, May 18th, 2011 by By Mary Rice
Visa Digital Wallet quickens mobile payment race
Visa Digital Wallet is set to debut in the fall, and banks are lining up to partner with Visa on this sure-to-be big POS money-making push.
Tuesday, May 17th, 2011 by By Steve Tarlow
What You Need To Know To Keep From Getting Trapped By Cash Advance Addiction
Cash advances are not a long term financial fix for spending spree addictions. Using them should be done so responsibly and in a realistic manner.
Credit rating bureaus have double standard for handling disputes
Credit rating bureaus have a V.I.P. list for preferential treatment when it comes to error corrections.
Tuesday, May 17th, 2011 by By Ron Ford
Some payday lenders welcome consumer protection bureau
Many people thought the Consumer Financial Protection Bureau would regulate payday loans out of existence, but some lenders welcome scrutiny.
Tuesday, May 17th, 2011 by By Peter Stone
Study blames crime rates on payday loan lenders
A new study blames rising crime rates on payday loans and predatory lending, though the academic literature has never agreed on this idea.
Monday, May 16th, 2011 by By Peter Stone
No Credit Check Personal Loans From The Comfort Of Home - A Good Thing or a Bad Thing?
Personal loans are so easy to get it worries some consumer groups. Like anything on the internet it pays to be informed before you pursue any online transactions.
Credit card hotline is latest issue in consumer bureau fight
The latest fight over the Consumer Financial Protection Bureau involves a credit card hotline that would compile complaints about card companies.
Monday, May 16th, 2011 by By Peter Stone
North Carolina installment loan bill H810 aids industry
North Carolina installment loan bill H810 would raise loan and processing fees to keep the industry open to consumers during the recession.
Monday, May 16th, 2011 by By Steve Tarlow
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