A survey of 2,000 banks by the Wall Street Journal showed that 16% of them still use a form of check processing called “high to low” that is frowned upon by regulators.
Under high to low processing, [...]; . . . → Click Here to Read the Full Article
More and more people with poor credit ratings are being enticed into bad deals on used cars. If you really need a car, so-called “subprime” auto loans may sound like the answer; but the deals being [...]; . . . → Click Here to Read the Full Article
With a credit card you can’t lose more than $50 if your card is stolen, no matter how much the thief charges to your card.
A crook can use a debit card to clean out your whole [...]; . . . → Click Here to Read the Full Article
According to the Wall Street Journal, banks, credit unions and other lenders are more willing to refinance student loans than they have been. In addition, Senator Elizabeth Warren (D-Mass) says that low interest rates make this [...]; . . . → Click Here to Read the Full Article
Cyber crime has become big business. From the NY Times:
“If you want a good scare, take a look at the Privacy Rights Clearinghouse’s interactive chronology of United States data breaches.
A full search since the beginning of [...]; . . . → Click Here to Read the Full Article
While total foreclosure actions (notices of default, scheduled auctions and bank repossessions) were down 26% in 2013 according to Realty Trac; there were still 1.36 million properties in the foreclosure process during the year.
Not only that, [...]; . . . → Click Here to Read the Full Article
The Home Affordable Modification Program (HAMP) helps homeowners whose mortgage exceeds the market value of their home. It allows them to get lower interest rates; and, after a lot of resistance from the banks, it seems [...]; . . . → Click Here to Read the Full Article
The recent theft of data for millions of cards at Target raises once again the question of what you can do to protect yourself. The answer is that after the fact your options are limited, but [...]; . . . → Click Here to Read the Full Article
A law passed in 1991 designed to end expensive, unwanted calls to cell phones is now being used to win awards from debt collectors.
The TCPA forbids prerecorded calls to residential land lines without consent. It has [...]; . . . → Click Here to Read the Full Article