Financial

CFA Institute says financial analysts aren’t making the grade

Pass rate for CFA exam lowest in years One of the ways America can get itself back on track financially is to turn out a solid crop of new financial analysts who can apply sound principals to the way we manage our money, both personally and professionally. Payday loans are a short-term bridge, but sound
two hands in a tug of war with a credit card

Fed survey shows lending standards easing for first time in years

Lending standards are showing signs of easing, according to a Federal Reserve bank survey. It’s getting easier to get a new credit card for the first time in three years. For the first time in four years, banks have loosened lending standards for small businesses. Lack of small business credit has been identified as a
Payday loans have not put this woman on the street. This study indicates that there is in fact no clear correlation between using payday loans and facing financial calamity like bankruptcy. (Photo: flickr.com)

Payday Loans and Bankruptcy in Canada: No Clear Correlation

Manitoba University Study Unintentionally Dispels Numerous Myths Human Ecology professors Ruth Berry and Karen Duncan of the University of Manitoba appear to have been ready to point the accusing finger at payday loans in Canada. Given supporting data, it appears they would have been happy to report that payday loans and bankruptcy were strongly connected
Casino

Texas lawmakers considering a payday loan from casino interests

There is a new Texas legislature convening soon. This legislature will be facing a huge budget deficit. Casino interests are trying to get the legislature to allow casinos in the state to give a short-term loan to the state budget. Texas gambling interests Lawmakers in Texas are going to be convening their new session in
The back of a 2006 Benjamin Franklin silver dollar. The classic U.S. colonial slogan “E Pluribus Unum: Join, or Die” and drawing of a segmented snake adorn the back of the coin.

US considers replacing paper dollar bills with dollar coins

Producing paper dollar bills is a more expensive proposition than ever, reports AOL News. That’s why Senators Richard Shelby, Robert Casey and Tom Harkin are continuing a battle that in one form or another has been fought since U.S. President Andrew Jackson held office in the 1830s. On behalf of the U.S. Government Accountability Office

How to Use Installment Loans and the 50/30/20 Rule

Installment loans help people get on budget Installment loans are short-term loans that have proved convenient to a wide variety of qualified customers. The great thing about these types of loans is that they can provide a temporary plug in an overextended budget. They are easy to apply for, and if you qualify, the money
Rime of the Ancient Mariner

Keeping up with the Joneses now means getting debt relief

Everyone has heard the phrase “keeping up with the Joneses,” and it means doing the things everyone else is doing to keep status. This instinct is what drives people to do things like get flat screen televisions, iPhones, riding lawnmowers and so forth. Well, according to the Federal Reserve, the Joneses are getting debt settlement
A “Welcome to Mississippi” road sign that labels the state “Birthplace of America's Music.”

Mississippi reporter misunderstands no credit check payday loans

Opponents of no credit check payday loans frequently support their arguments by referencing religious documents, such as the Bible, that claim payday lenders practice usury – charging an “exorbitant or unlawful rate of interest.” Charlie Mitchell of the Mississippi Clarion-Ledger makes this mistake in his recent criticism of Mississippi House Bill 455, which will enable
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Don’t let your bank account go into the red

Signing petitions for payday loans If you have ever applied for a payday loan in your home town, you can agree that it’s sometimes difficult to get out of the payday loan trap without some suffering. Many big banks want to take your rights away concerning short term loans. It would be impossible to wipe
Warren Buffett

Warren Buffett defends Goldman Sachs, Ben Bernanke

Over the weekend, investor extraordinaire Warren Buffett came to the defense of embattled investment house Goldman Sachs.  Goldman has been under fire for some time, for the role it played in the Wall Street meltdown and the recession.  Buffet asserted that the fraud allegations and investigations are unwarranted.  He also came to the defense of

Short Term Loans Offer Great Options for Those Who Qualify

The short term loan Short term loans are still a viable option for funding. Consumers with bad credit are definitely not alone. In today’s recession, even people with excellent credit have suffered at the hands of credit card companies. Others have made mistakes with credit, such as charging over limits or not paying their bills
goldman sachs insider trading

SEC charges ex-Goldman director Rajat Gupta with insider trading

The level of notoriety that Goldman Sachs either enjoys or endures increased Tuesday. The Securities and Exchange Commission filed insider trading charges against Rajat K. Gupta, one of its former board members. Goldman Sachs was also forced to admit that it could lose billions from lawsuits by investors who were bilked by the bank during
money

One needs a pay day to get a payday loan

The idea that payday loan lenders want to loan to anyone and everyone to get them hooked is ridiculous. Critics of the industry like to make claims about an awful debt trap and of predatory lending. The story goes that anyone with a pulse can get a loan of they ask. It isn’t true, and
Narayana Kocherlakota, Financial Roundup

Narayana Kocherlakota | National Financial News Roundup

Minneapolis Fed gets new head After 24 years on the job, Federal Reserve Bank of Minneapolis president Gary Stern retired last month. Today it was announced that Narayana Kocherlakota will  be his replacement, taking over the position immediately. He will become a voting member of the Federal Open Market Committee in 2011. Narayana Kocherlakota, 45,
A black swan in the water, facing the camera

Black Swan author Nassim Taleb linked to stock market flash crash

Black Swan is the title of a book that examines stuff no one thinks can happen, but does — like last week’s high speed trading meltdown of the Dow Jones Industrial Average. Nassim Taleb, author of “Black Swan: The Impact of the Highly Improbable,” describes the rise of the Internet and the September 11, 2001

Citibank exposes 600,000 customers to potential identity theft

Do you remember the series of commercials Citibank produced about identity theft? You will probably find them somewhat less than entertaining if you are one of the 600,000 Citibank customers whose Social Security number was printed on the outside of the postal envelope containing your year-end tax statement. “Identity theft? What’s that?” exclaims an incredulous
USPS Truck

Official Holidays | Stock Market, Banks, USPS, Federal Government

The new official list of 2011 bank, stock market, and federal holidays is now available. Today is Good Friday, the day many Catholics and Christians around the world spend at church and preparing for Easter. Good Friday is not, however, on the list of federal holidays, USPS holidays or post office holidays. Good Friday does,