Monthly Archives: May 2011
Strategic defaults starting to decline slightly
The number of people entering into strategic defaults, or walking away from a mortgage when advantageous to do so, is starting to decline.Teen spending affected by the recession
The recession has curbed spending even among the teen demographic and leads to their keener financial awareness, according to a new survey.How to avoid common contractor scams
Exercise caution when dealing with a home remodeling contractor. Be aware of ways to avoid the most common contractor scams.Pawn loans having a renaissance thanks to television
Pawn loans, once usually reserved for the desperate and poor, is starting to become a booming business. Recent TV shows may be partly why.Home prices drop as foreclosure rates soar
Home price index reports home prices down nationally by the largest margin since 28008, partially due to increased number of foreclosures. Are you using Credit Card Act resources like you should?
The National Foundation for Credit Counseling says too few people use the free resources provided by the Credit Card Act.Entrepreneur concocts easy way to spend gold and silver in Utah
In March, Utah enacted a law making gold and silver coins legal tender. Craig Franco plans a new way to spend them as easily as paper money.Bank of America settles overdraft fee lawsuit for $410 million
Bank of America has settled a class action suit over processing transactions out of order to collect more overdraft fees for $410 million. Working from home benefits employees and employers
Despite living in the 21st century, many companies don't recognize the value of telecommuting. It's better for both employers and employees.Loss of tax loan funding causes Jackson Hewitt bankruptcy
Jackson Hewitt, the tax preparation firm, has gone into bankruptcy protection because of loss of revenue from tax refund anticipation loans.Price hikes affect the value of McDonald’s shares
McDonald's is making small price increases throughout the year to offset the rising cost of food and paper. Stock prices fell as result. Big banks debut clearXchange mobile payments service
Bank of America, JPMorgan Chase and Wells Fargo have created clearXchange, a mobile payment service to compete with systems like PayPal.Limited payday-lending regulation bills passed by Texas Senate
Monday, the Texas Senate passed two bills regulating the payday loan industry. Critics, however, say the legislation does not go far enough.Google to unveil its own near-field mobile payment system
Google, in conjunction with Sprint, is unveiling its own mobile payment system for smartphones using near-field communication technology.Consumers trust banks less than bankers think
Surveys like the Index of Bank Sentiment and Edelman Trust in U.S. Financial Services tell a tale of consumer distrust in commercial banks.Payday loans on the rise in Great Britain
Payday loans in the U.K. are sharply on the rise following the May Day Bank Holiday as prices rise and wages stagnate in Great Britain. Personal loans to attend for-profit schools can be risky
Borrowing personal loans to attend a for-profit college may not be the best choice, as they are riskier than their nonprofit counterparts.
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