ATM Scams Rise Dramatically
Imagine watching the evening news and a video pops along with a news story about the ATM you use most often. You may have already seen your bank in the 5 p.m. news and if you haven't, there's a good...
View ArticleHAMP Re-defaults Alarmingly High
It was designed to keep homeowners who were at or near the foreclosure level in their homes. Instead, President Obama's "cure-all", now in its fourth year, is failing miserably. The mortgage...
View ArticleOverwhelming Debt and Suicide
Living on the Mississippi Gulf Coast, there was a very disturbing statistic that emerged following the devastating Hurricane Katrina landfall in 2005. These days, it's a storm of a different kind and...
View ArticleConsumer Mortgage Mess: the Latest
Seems as though the consumer mortgage financial news in recent weeks has been focused solely on the mortgage lenders' collective crises. There's a lot to be sorted out. Not only that, but if the banks...
View ArticlePayday Loans in the Line of Fire: CFPB
It promised to crack down on the expensive payday loans and the companies that provide those types of services. It now appears the Consumer Financial Protection is doing just that very thing.The post...
View Article4 Moms and Money Rules
Now that Mother's Day is now officially over, many of us were talking about how moms influence their kids and when it comes to money, there are not many whose influence outweighs moms. Moms and money -...
View ArticleDJI Closes Above 15,000: What Does It Mean For You?
The Dow Jones Index (DJI) closed above 15,000 for the first time in history last week. This puts the major stock indexes – Dow Jones, S&P 500, and the Nasdaq – up 15.37%, 14.55%, and 13.81% for the...
View ArticlePonzi Convict Madoff tells CNN “I Can’t Sleep”
Citing his son's suicide, Bernie Madoff told CNN this week that he can't sleep and that he earns just $40 a month doing manual labor behind bars. He also said that while he worked for awhile as a clerk...
View ArticleSAC Capital Pulls Investigation Cooperation
The hedge fund, SAC Capital Advisors, worth $15 billion and front and center of an insider trading investigation, just got more interesting. The government, it seems, is no longer going to receive its...
View ArticleIs YNAB Worth Your Time and Investment?
From time to time, we come across new apps and programs designed to help manage consumers' finances. Some are remarkable and others, well...aren't.The post Is YNAB Worth Your Time and Investment?...
View ArticleOverwhelming Financial Truths: How They Affect Everything
If you're feeling more than slightly overwhelmed with all of the back and forth bickering on Capitol Hill and are confused by all of the so-called "new rules" of good credit, you're not alone.The post...
View ArticleMemorial Day Cyber Attack That Almost Happened
It's been called "gigantic", "massive" and "the largest attempt ever". Those adjectives are being used to describe the cyber attack that almost was on Memorial Day.The post Memorial Day Cyber Attack...
View ArticleDespite Data, We’re Not Financially Recovered
The latest report from the Federal Reserve Bank of St. Louis comes as little surprise to most. The message: Contrary to government insistence, American households have not financially recovered from...
View ArticleCapping Off the Financial News Week
It's been a doozy of a week for American consumers. From the new unemployment numbers a few hours ago that reveal an uptick in unemployment claims to the bombshells that are dropping about the American...
View ArticleCredit Card Stereotyping in Advertising
After seeing a series of credit card offers in nearly every media outlet, it would seem as though there are credit card stereotyping efforts that run rampant in the country.The post Credit Card...
View ArticleStudent Loans and No Solutions
Once again, the Senate failed to pass any kind of bill that would prevent the rates on student loans from doubling later this summer. The post Student Loans and No Solutions appeared first on...
View ArticleYoung Consumers Relying Less on Credit Cards
Seems the recession has brought out the more frugal side in younger Americans. The number of young consumers who rely on credit cards is at a new low.The post Young Consumers Relying Less on Credit...
View ArticleDetroit Offers Pennies on the Dollar to Creditors
Detroit is on the verge of filing bankruptcy. In fact, according to the city's Emergency Manager Kevyn Orr, there's still a "fifty fifty" chance it will find itself on the wrong side of a bankruptcy...
View ArticleThree-quarters of Americans are Living Paycheck to Paycheck
This may not come as a surprise to the majority of Americans, but a new report reveals what's going on just below the surface in home across the country. More than 75 percent of Americans are living...
View ArticleWhose Bad Financial Choices are Worse: Babyish Bieber or Defiant Deen?
Sometimes, one can’t help but wonder if celebrities’ true purposes are to entertain the rest of us, not with their acting abilities, but rather, because of their unpredictable lives and contradictory...
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