Congress Continues Efforts to Reign in Consumer Financial Protection Bureau

Congress has discovered that the Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010 that created the Consumer Financial Protection Bureau or CFPB is fatally flawed and dangerous to traditional banking interests, politicians and lenders. The Huffington Post reports that the bureau has become everybody’s favorite target for reform or abolishment. These stakeholders include

Does the Consumer Financial Protection Bureau Actually Protect?

Does the Consumer Financial Protection Bureau Actually Protect? Initiated by Senator Elizabeth Warren and designed as a response to the financial crisis and the recent recession, the Consumer Financial Protection Bureau, or CFPB, is meant to stop deceptive, fraudulent and unfair business practices. According to the agency, it will accomplish this by “collecting complaints and
Time Warner

$16 million cable bill quickly reversed by Time Warner

Computerized billing systems are advertised as a way to make life easier. A $16 million cable bill is the latest in a long string of accidental overcharges that call that into question. While Time Warner has already reversed the bill, the incident reveals the danger of putting your finances on autopilot. The $16 million cable
Your small business is ready for its start. A small loan can help get it off the ground. (Photo:

All a Start-Up Business Needs is a Small Loan

Money: That’s What You Need When anybody decides to start a business, whether large or small, they must factor in the issue of cash. Without money, a business won’t succeed, let alone lift a few inches from the ground. It isn’t surprising that three-quarters of start-up businesses close within the first year. Many people are

Rockmelt | The perhaps too socially connected browser

The browser market is packed full, but Chromium-based Rockmelt is the newest browser to enter testing. Rockmelt stores your browsing preferences online, so you can load them anywhere. Rockmelt uses your Facebook login, however, which may be questionable, given the security issues surrounding the site. Rockmelt with Chromium base Rockmelt is a browser backed by
Close-up of a hand holding a cell phone.

Big banks debut clearXchange mobile payments service

Bank of America, JPMorgan Chase and Wells Fargo have banded together to challenge PayPal for online payment service superiority, reports the Associated Press. A new mobile payments service called clearXchange now makes it easier for consumers to make person-to-person payments via a mobile number or email address. The trio of U.S. banking giants anticipates that
Nighttime photo of the St. Louis skyline.

St. Louis BOOST Loan helps businesses buy real estate

Most businesses need a location in order to operate, which means purchasing real estate is necessary. Numerous programs exist to help businesses obtain funding to buy land on which to build or lease, and in St. Louis, Mo., one such program is the St. Louis BOOST loan program. A BOOST loan gives the borrower a

Vision Airlines | US Government flies Russian spies in style

During the US-Russia spy swap this morning, the U.S. was represented not by a military plane, but by Vision Airlines. A private charter company out of Las Vegas, Vision Airlines usually transports vacationers. Some are questioning the use of a private charter company for government business. Vision Airlines swaps spies In a moment that looked
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Kick Unemployment to the Curb with a Killer Cover Letter

5 Tips for Writing a Great Cover Letter I hate to say it, but if you are trying to get a job right now, you are up against stiff competition. Although the economy has shown signs of improvement, unemployment is stable at best and in many states increasing. It is definitely an employer’s market out

iTunes announcement | Will tomorrow mark a move to the cloud?

On Tuesday morning, an iTunes announcement will be made. This web-only announcement is a departure for Apple, which usually holds a large press event for new products. There is a lot of speculation about the iTunes announcement, including the possibility of a move to the cloud. iTunes announcement on Tuesday The iTunes store began showing
Royal caribbean cruise

Passengers aboard Brilliance of the Seas horrified by big storm

The Brilliance of the Seas, a Royal Carribean cruise ship, was caught in a surprise storm off the coast of Egypt over the weekend. Heavy seas and high winds damaged the ship and injured 30 passengers. The entire Middle East was battered by the storm, which sunk a cargo ship and forced Israeli airports and
A poster depicting a cartoon monster crushing the words "peer review."

FTC cracking down on Astroturfing in Apple App Store

Apple has a good thing going with the App Store, the place for iPod Touch, iPhone and iPad applications. Various financial estimates place Apple’s annual profit at more than $400 million, and some consider that estimate to be conservative. But apparently that money has done little to motivate Steve Jobs and company to make the
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Will Apple subscriptions give media companies a brighter future?

Apple has announced it will offer subscriptions to digital media and music content through the Apple App Store. Apple subscriptions are an extension of a service Apple launched recently for Rupert Murdoch’s “The Daily,” an iPad newspaper. Most publishers haven’t yet committed to Apple subscriptions because of the company’s restrictions and customary 30 percent cut.
Google seems to be having no problem deciding what to do with its money.

Gizmo5 Gives Google More Voice | Is Google on a Spree?

Another big purchase for Google Four days after Google announced it is acquiring AdMob, a mobile advertising service, for $750 million, Google announced it will acquire Gizmo5, a voice-over-IP service. I guess that’s what happens when you don’t have to talk to a loan company in order to buy out other businesses. Google announced yesterday
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Scammers target payday loan customers

Many of us in this tight economy are living from paycheck to paycheck. Payday loans can be a resource for people living close to their means when unforeseen expenses occur. Scammers, however, are preying on these already financially stressed people with threatening phone calls, trying to bully them into paying non-existent debts. Lenders bound by
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Top 10 US college majors that lead to highest pay

The Bureau of Labor Statistics keeps track of the average starting salaries from various career paths. In order to maximize your earning potential, forget majors like English and consider the top 10 highest paying college majors in the U.S., advises Salaries depicted here reflect annual pay for bachelor’s graduates without an advanced degree. Grease
The financial crash at Dubai has sent investors scrambling for cover. Will they be able to borrow more for construction projects?

Gulf States Finding it Hard to Borrow Money

Where are the Projects? There were years when banks and institutions looked upon the oil-rich Persian Gulf States with awe as they embarked upon a series of development projects. Each project was bigger, better and promised large returns on investments. Lenders bent over backwards to grab a share of the pie, as loans worth billions