Money Management
Coins

Futures Trading and SEC fighting Congress for funding

The Commodity Futures Trading Commission and Securities and Exchange Commission are supposed to be the financial police officers of the economy. The 2010 Dodd-Frank Act was meant to increase the power of these agencies to protect consumers and keep an eye on Wall Street. The funding to carry out these tasks, however, is caught in
A happy man and woman are interviewing a prospective new female candidate for a job. Paychex makes it easy for such employers to know just how much tax credit they'll receive for that employee via the federal HIRE Act.

Paychex offers business owners info on HIRE Act

Paychex, Inc., a payroll, HR and employer benefits outsourcing firm that has been serving small- to medium-sized businesses since 1971, is now hosting a dedicated Web page that will enable business owners to learn about how the new federal HIRE Act works and receive credit counseling regarding applicable tax credits. Owners will also be able
gas prices

Oil and gas destined to fall as prices pinch consumer demand

Oil prices are soaring, and gas prices are approaching levels not seen since the summer of 2008. The U.S. has huge oil and gasoline stockpiles, but speculators betting on risk and fear have pushed oil prices up 21 percent in 2011. Some analysts think the oil rally is about to end, however, as rising oil
Bank owned

Reverse Mortgages 101 | Reverse mortgages and how they work

Most people have seen the commercials pushing reverse mortgages as the path to financial security. Reverse mortgages and how they work can be a bit confusing. Reverse mortgages are a way of selling a home back to the bank over time — but the terms can be a bit confusing. Reverse mortgages and how they
House fire

Unpaid fee means firefighters let house burn in Tennessee

In Tennessee, rural firefighters let a house burn because the homeowner had not paid a $75 fee. While the fact that firefighters let Gene Cranick’s home burn has sparked outrage, it has also sparked discussion on the cost of public services. The debate about firefighters letting a house burn comes down to individual responsibility versus
A montage of finance and retirement-related terms is pictured. With the blizzard of choices out there for finding unclaimed money, PBGC.gov makes it easy for retirees to collect forgotten pensions.

PBGC.gov is protecting pensions across the United States

During a recession, websites like PBGC.gov are priceless, particularly for experienced workers and retirees. Leave it to “The Early Show” to clue America in to how to find lost, missing or otherwise unclaimed money. The show recently pointed out to viewers that there is $33 billion in missing money out there, and sites like MissingMoney.com
A woman shopping online for Black Friday 2010 deals.

Shop online for Black Friday 2010 deals

Black Friday 2010 is just around the corner, and people are gearing up fast for the busiest shopping day of the year. It’s pure madness around this time of year, with long lines and cranky shoppers rushing to get their hands on the limited-supply of door-buster deals. But is all the hassle necessary? Can you
Penny coins

Debt relief and consolidation scams still rampant post-recession

Over the past few years, some may have noticed a greater number of advertisements and other media relating to debt relief or debt settlement companies. Though many of these companies are legit, there are a number that are scams. Despite increased regulations, there are still a lot of fraudulent debt relief companies out there. Crooks
Assorted vitamins

TV pitchman Don Lapre indicted for fraud on 41 charges

Well-known TV pitchman Don Lapre, who bills himself as “the king of infomercials,” has been indicted in Phoenix, Ariz. Federal prosecutors have charged Lapre with 41 counts, including conspiracy, mail fraud, wire fraud, promotional money laundering and transactional money laundering. As seen on TV Lapre, 47, was often seen on television infomercials between 2004 and
supply side economics

Ryan budget plan relies on discredited supply side economics

Rep. Paul Ryan, R-Wis., submitted a budget proposal known as the “Path to Prosperity” this week. It relies heavily on supply side economics that insist lower corporate taxes translate to more jobs and higher government revenues. Supply side economics were the principle behind the Bush tax cuts of 2001, which gave record profits to corporations
Home for sale

Home prices double dipping; rents climbing up

The Standard & Poor’s/Case-Shiller index of property values measures home prices in 20 major U.S. cities. The index numbers for February have just been released, and home prices are once again dropping. At the same time housing prices are facing a double-dip, rental prices seem to be going nowhere but up. Dip in home prices
Witness a caricature photograph of a man watching his money literally go down the drain. That's the way many customers who have had to deal with bank overdraft feel. As laws clamp down on what banks can charge, will banks simply fire customers?

Without overdraft fees, will banks fire customers?

Bank overdraft fees have been a thorny issue for consumers who have argued long and hard that a single $.01 in the red transaction should not trigger a $35 penalty plus additional daily penalties. Congress has listened to consumers, and recent financial reforms voted into place will affect just how much banks are able to
a new home under construction on a clear day

Credit crisis will cause a housing shortage as economy recovers

A housing shortage will likely be another effect of the housing bubble, even after the housing market crash, foreclosure epidemic, credit crisis, massive unemployment and other hardships fade. When the U.S housing market crashed and took the rest of the economy down with it, banks stopped home lending, home buyers stopped buying and home builders
Visa card

Tighter regulation urged by Congress for business credit cards

Members of Congress are urging the Federal Reserve to do more about regulating business credit card marketing, especially regarding small businesses. Currently, small business credit cards are not subject to the same regulations in the CARD Act that apply to their private counterparts. Small businesses at mercy of banks and card companies A group of
AT&T logo

Good news bad news for consumers as AT&T bids to buy T-mobile

In a deal valued at $39 billion, AT&T has made a bid to buy T-mobile. This deal must be approved by the Department of Justice and Federal Communication Commission, which may prove a challenge. If approved, this deal would prove to be both good and bad news for most consumers. The basics of the AT&T
US Capitol Building

Social Security and Medicare at risk if debt ceiling not raised

Currently, the United States Congress and the president are locked in a battle over raising the debt ceiling for the government. It seems to be yet another partisan squabble, but the consequences could include Social Security and other payments could be defaulted on if the debt ceiling isn’t raised. Congress to forgo Fourth of July
Debit

Large banks could place limits on debit card use

The largest banks in the nation may institute limits on how often debit cards can be used by account holders. Large banks are said to be hurting from laws which limit how much can be charged to retailers by banks when customers of those banks swipe their debit cards. Various acts of legislation have been