Monthly Archives: March 2011

Mississippi reporter misunderstands no credit check payday loans

A “Welcome to Mississippi” road sign that labels the state “Birthplace of America's Music.”Mississippi House Bill 455 extended the life of payday loans in the state. A Clarion-Ledger reporter objects but doesn't have a good argument.

Webster, Mass., to try shaming landowners into evicting squatters

Abandoned propertyOne small town is trying to shame landowners by placing 4-by-8-foot signs with their phone numbers in front of badly maintained properties.

Libyan crisis inflates fuel and food prices, says UN

Gallons of milk on a supermarket shelf.The Libyan crisis has halted oil production there, causing oil to exceed $100 per barrel. Global food prices have shot up as a result.

Loss of refund cash advance product cuts H&R Block revenues

Tax preparationAs a result of being forced to stop offering a cash advance against tax refunds, H&R Block has been losing revenue this tax season.

AIG and General Motors make strides in repaying bailouts

AIGTwo companies that received large amounts in bailout loans, AIG and General Motors, have made progress toward paying back taxpayers.

Federal Trade Commission shuts down work-from-home companies

Work from homeThe Federal Trade Commission and Department of Justice have taken steps to shut down more than 90 work-from-home companies because of fraud.

Consumer Financial Protection Bureau funding in jeopardy

“Bankrupt” spelled out vertically in white script against a black background.Even before it got off the ground, House Republicans have tried to choke away the budget of the Consumer Financial Protection Bureau.

Fannie Mae and Freddie Mac limping back to profit

Timiothy GeithnerTroubled mortgage houses Fannie Mae and Freddie Mac are starting to turn around. They're still losing money, but they are losing a lot less.

Costco adjusting offerings amid strong sales and dropping stock

CostCoCostco warehouses will be taking one popular class of products off the shelves and adding an unusual product as sales continue to increase.

The no-so-hidden lifetime cost of a bad credit score

credit report errorsA bad credit score or a credit score report that contains errors can rob a person of thousands of dollars over a lifetime.

Economic effect of biking vs. driving is astounding, experts say

A bike commuters' street sign depicting a man flying over the handlebars after hitting a divide in the pavement.The economic effects of biking, compared to driving, could save cities and states millions of dollars, according to recent studies.

Microfinance pioneer Yunus fired by Bangladesh government

Muhammad YunusMuhammad Yunus, a pioneer in the field of microfinance, has been forced out of his position at Grameen Bank by the Bangladesh government.

Clock is ticking on $1.1 billion in unclaimed 2007 tax refunds

tax returnLow-income taxpayers who didn't file for 2007 could have money coming thanks to the Earned Income Tax Credit ...

Why GDP is not the best measure of economic growth

GDPThe Gross Domestic Product is an often-cited number to measure economic growth, but problems with this number call its relevance into question.

How to protect yourself from unwanted spam

A woman sitting at a laptop, looking upset.Too much spam is a nightmare! There are a couple of important things you can learn to arm yourself with the right tricks to combat spam.

Big businesses present wish list for consumer finance regulation

Protestor waving a sign that reads, "Financial reform now!"In a letter to the U.S. government, big business groups spell out hopes for the immediate future of the Consumer Financial Protection Bureau.

Polls show most of US favors collective bargaining rights

A round, orange California union badge bearing the slogan, “Your Rights At Work: Worth Fighting and Voting For.”A majority of people in the U.S. support labor unions' collective bargaining rights, according to multiple national polls conducted by media.