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News


 Date  Title Teaser
07/06/09 Caveat Mortgagor Financial illiteracy is the main problem in consumer finances today
06/30/09 Calculating Consumer Happiness At Any Price Research indicates consumers might be less susceptible to price advertising than previously thought
06/30/09 New Plan Ties Reduced College Loan Payments to Income New repayment plan for student loans will allow for reduction of debt to be based on graduates' income
06/24/09 Hot Plastic Could Melt at AmEx  AmEx stocks might be over-valued as the struggle between classic charge cards and pure credit cards continues
06/24/09 Collection Agencies Call Up Revenue in Recession Collection firms are still making money from bad debt
06/18/09  Credit Cards Get the Ax -- and Blender Consumers are engaging in an anti-credit card trend
 06/16/09 Credit Bailout: Issuers Slashing Card Balances Many credit card companies have given low-level empolyees the power to make deals with cardholders 
 06/14/09 Penetrating the Maze of Mortgage Relief  New York's mortgage reform program has been slow to help those in need
 06/11/09 CRL’s Video Response to Smooth, Sly Check 'N Go video  A video reveals the true cost of the Check 'N Go Pay-Day Loans
 06/01/09 Closing the Benefits Loophole Legislators are pushing the Treasury to protect benefits directly deposited into bank accounts
 05/24/09 Job Losses Push Safer Mortgages to Foreclosure The number of people with prime mortgages going into forclosure is rising as job losses soar.
 05/22/09 Credit Card Accountability Responsibility and Disclosure Act of 2009, or the Credit CARD Act of 2009

"To amend the Truth in Lending Act to establish fair and transparent practices relating to the extension of credit under an open end consumer credit plan, and for other purposes."

 05/17/09 What Does Your Credit-Card Company Know About You? The psychology of debt-collecting  
 05/16/09 Weighing the Options With Credit Card Debt   The New York Times assesses options for handling credit card debt
 05/13/09 With Support, Congress Seizes on Credit Cards  Lawmakers are determined to rein in credit card companies
 05/11/09 Banks Brace for Credit Card Write-Offs "For many lenders, losses are now starting to outpace layoffs."
 05/09/09 Shift to Saving May Be Downturn’s Lasting Impact The culture of thrift fostered by the recession might outlast the economy's recovery
 05/07/09 An Inquiry Into Firms That Offer to Cut Debt New York's attorney general, Andrew M. Cuomo, is investigating companies that offer debt reduction services
 05/03/09 Arm Twisters Grab $$ From City's Coffers Debt-Collection Gold Mine Misery is a gold mine for debt collectors
 05/03/09 Fair Game: Students’ First Lesson: Beware Loans’ Fine Print When chosing which lender to use those taking out student loans must read the fine print
 04/30/09 Debit Card Use Overtakes Credit Debit Card purchases exceeded those made with credit cards for the first time during the last three months of 2008
 04/20/09 Debt Settlers Offer Promises But Little Help Debt settlement companies often fail to fulfill their promises to consumers
 04/14/09 The 'Real' Financial Crises The real crises afflicting the American Economy is the lack of financial literacy of its citizens
 04/09/09 BofA to Boost Rates on Cards With Balances Bank of America is raising interest rates on many credit card customers carrying a balance
 03/23/09 How (and Why) Athletes Go Broke Regardless of their incredibly high salaries, many pro-athletes go broke upon retirement
 03/16/09 House of Cards  Credit card companies are trying to close customer accounts
 03/11/09 Housing Plan Creates Opening for Scammers Obama's foreclosure prevention plan creates opportunities for scam artists to cheat borrowers
 03/04/09 This Account is Closed So You're Dead? Don't Expect That to Stop the Debt Collector
 02/01/09 A Boost in Online Money Courses Financial literacy courses gaining ground
 02/01/09 New FICO Credit Score Debuts New credit score calculations said to be more accurate predictor of borrower defaults
 01//29/09 A Layoff in the Smith Family Ripples Through Town  A family of six struggles to adjust as they become a single-income home 
 01/18/09 How About a Stimulus For Financial Advice? Financial education must be a component of any plan to fix the economic crises
 12/8/08 Vodafone, Western Union Offer Transfers Via Cell Vodafone plans to team up with Western Union to allow international money transfers from cell phones