Four Lenders Come to Agreement with Isis Companies
Isis, the mobile payment processing network put together by AT&T, T-Mobile and Verizon, recently reached an accord with Visa, MasterCard, American Express and Discover to foster adoption of the program, according to a report from Forbes. The participation of these companies was seen as a major hurdle to getting the system, which will be tested [...]
Foreclosure Activity Drops 29 Percent in First Half
Overall, the number of homeowners who received some form of foreclosure actions – default or auction sale notices and repossessions – during the first six months of the year slipped to just more than 1.17 million, down 25 percent from the previous half and 29 percent from the same half in 2010, according to the [...]
When filing bankruptcy in CA, can car loans be discharged as well?
Question by beautiful bird: When filing bankruptcy in CA, can car loans be discharged as well? My friend is planning on filing bankruptcy, we were wondering if her car loan will be discharged and she’ll get to keep her car. car has to go
Obama: I’ll Veto Any Bank Regulator Budget Cuts
President Obama’s administration warned on Wednesday that it will recommend the president veto any budget that strips funding from federal bank regulators like the Consumer Financial Protection Bureau. As the budget fight escalates and Republicans tangle with the president on ways to trim billions from the federal budget to prevent the government from defaulting on [...]
Alternative Card Options for Students: Debit or Prepaid?
For many college-bound students that are too young to qualify for a traditional credit card, the need to manage money often boils down to either using a prepaid or debit card. Both have similar characteristics, but depending on your financial habits, one may be a better fit. Let’s take a closer look: Debit Cards Debit [...]
Frank Defends Embattled Financial Reform Law
One-half of the Dodd-Frank financial reform law appeared at the National Press Club on Monday to defend the act’s far-reaching changes to the American financial system. Barney Frank, the bill’s co-sponsor-turned-beleaguered defender, blasted Congressional Republicans and banking industry leaders for trying to destroy rules he said will help everyone in the long run. And he [...]