Monthly Archives: April 2011
Condominium ownership becoming more difficult
As of March 1, new rules regarding mortgages on condos went into effect, leaving many condo owners and hopefuls in a difficult position.Paying mortgages getting easier, but housing still depressed
Surveys of consumers are revealing that homeowners are finding it easier to pay the mortgage, but the housing market is still depressed.Racial discrimination evident in continued bank redlining
Redlining still hasn't disappeared from minority banking, reports USA Today. Minorities are still shut out of many bank loans and mortgages.Parents can help college grads secure internships
Parents can help their kids obtain internships for college grads in just a few easy steps. If they don't do it, who will?Nasdaq rebalancing reduces hedge fund manipulation of Apple stock
Reducing Apple's weight on the Nasdaq-100 makes Apple shares less vulnerable to rumors spread by hedge funds to manipulate the entire index.Chances of a dreaded IRS tax audit are low
Tax season brings around the grim specter of an audit by the IRS. Have no fear, as the chances of getting audited are less than 1 percent.$16 million cable bill quickly reversed by Time Warner
Time Warner Cable attributes a $16 million cable bill to "clerical error." This incident highlights the danger of financial autopilot.Government employees to bear brunt of government shutdown
Bickering in Congress may lead to a government shutdown to make political points. However, government workers will bear the heaviest burden.Refund anticipation loans could become endangered species
Regulations have made it hard for tax preparers to find financing for refund anticipation loan programs, which could disappear altogether.Citi to give customers a break by clearing smallest checks first
Citi is voluntarily ending a practice that enables banks to charge customers repeatedly for overdraft protection.Avoid payday loan default with an extended payment plan
CFSA-member payday lenders offer consumers the option of an extended payment plan on payday loans when borrower default is a possibility.McDonald’s hiring spree will produce 50,000 jobs on April 19
A McDonald's hiring spree – aka McDonald's Hiring Day – will produce 50,000 jobs on April 19. That's more than $518 million in added wages.Center for Responsible Lending has new report on payday loans
A new report has been released by the Center for Responsible Lending, slamming payday loans lenders, but it's just calling out a few bad apples.Epsilon database hack exposes millions to phishing attacks
Hackers broke into the Epsilon database to steal customer names and email addresses from at least a dozen major U.S. banks and retailers.Construction sector continues to hold back economic recovery
Construction spending is at historic lows, another consequence of a housing market that drags on economic recovery ...Real wages still stagnant as unemployment recedes
Recently, it was reported that unemployment is starting to recede, but those who are employed are experiencing stagnating wages.Rising stocks behave out of character with positive jobs report
Because investors equate lower payrolls with higher profits, the stock market historically performs better when unemployment is higher.
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