Monthly Archives: April 2011

Federal probe into robosigning reaches initial settlement

ChaseThe federal government has completed its investigation into the robosigning scandal and reached an initial settlement with the banks involved.

Can’t pay your taxes? What to do about extensions and interest

Tax Extension formIf you can't pay your taxes, you do have options but all of them start with contacting the IRS, and you must file even if you can't pay.

Consumers advised to avoid credit card protection plans

Credit CardCredit card debt protection plans are great for credit card companies but end up being not very beneficial for people who enroll in them.

Killing payday lending does not fight poverty

A demotivational poster for unemployment. An Imperial storm trooper from “Star Wars” sits alone on the subway. The caption reads: “Unemployment: Sucks when your job gets blowed up,” referring to the destruction of the Death Star.The Anti-Poverty Coalition of Greater Dallas has attacked payday lending and ignored the financial effect eliminating short term credit.

Pimco moves market with short position on U.S. government debt

source of U.S. government debtThe world's biggest bond trader has gone short on U.S. Treasury bonds and warns investors not to trust Congress to solve the debt problem.

Investing basics and how NOT to invest

A blonde woman wearing a business suit.Armed with some basic investing ideas – including knowledge of how not to invest – you can build wealth with confidence.

Most Americans still believe in real estate as an investment

HousingDespite housing still slumping in a recession, Americans still believe real estate is the best investment a person can make in the long run.

Student loan debt expected to hit more than $1 trillion in 2011

exterior of a building on a college campusStudent loan debt is expected to rise even faster as tuition increases and federal financial aid options dwindle.

Expensive alternatives to checking accounts becoming more popular

Stack of credit cardsPrepaid debit cards are touted as a great alternative to checking accounts. The cards can be expensive but helpful for those without bank accounts.

Federal Reserve not planning to reign in credit supply yet

Federal Reserve Vice Chair Janet YellenWorries about inflation have caused lawmakers and financial experts to ponder whether the Federal Reserve should curb the credit supply.

Right for consumers to choose preserved in Kentucky

A tour group on the interior steps of the Kentucky capitol building.Kentucky House Bill 182 fell in defeat, keeping the freedom of financial choice in the hands of consumers, according to Kevin Borland.

CEO pay soars as flat middle class wages erode with inflation

middle class wagesRising food and gas prices are cutting into stagnant middle class wages as CEOs cash in on the productivity of U.S. workers.

Recovery Watch: Credit card mail has increased dramatically

A stack of credit card mail offers, with diagrams that highlight the major card issuers and the three major credit bureaus.Credit card mail has increased considerably, a sign of credit easing. Know some of the major ploys card companies use to get you to sign up.

Stashing cash at home backfires in Japan tsunami zone

japan tsunami zoneThousands of metal safes and parcels of cash are turning up in the wreckage a month after the Japan earthquake and tsunami.

Energy crisis jitters hit as gas prices approach record high

Gas stationGas prices continue to increase, and as the cost of gas nears a record high, fewer consumers are willing to pay the price at the pump.

New regulations make mortgages tougher for the self-employed

Mortgage formNew lending regulations in the United States are having the effect of making mortgages much less accessible to self-employed people.

Government shutdown does not postpone IRS deadline

Form 1040EZThere is a looming government shutdown, but it does not negate the obligation to file an income tax return with the IRS by April 18.