Congress and administration keep dancing as foreclosures keep coming.
I spoke to someone who is in danger of foreclosure the other day. They need help. They called project HOPE (which we have written about in several other places in this blog and …
Feds may (finally) place some restrictions on credit card interest rates!
Several Federal bank regulators have agreed to set at least some limits on how credit card companies charge interest. This will now go to a public comment period and could change, but if …
Another player in foreclosure prevention.
Now comes another idea for helping people threatened with foreclosure, from the Federal Deposit Insurance Corporation (FDIC), the government company that insures your bank deposits.The basic idea of the FDIC program is that they will …
Paycheck lending should be your last resort.
These are loans you get from companies like “Cash Advantage” that are very short term, running only to your next paycheck (which you often sign over to the company) — something to “tide you over.” …