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More young adults shedding debt
Shalom Klein and his wife, Elisheva, of Skokie, both 23, are avoiding debt by sharing a used car that they have paid for, renting until they can afford to buy a house and paying off their credit card balance every month. Their undergrad college bills...
Tags: Homes, Mortgages, Vehicles, Services and Shopping, Personal Finance
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This horror story is all you need to hear to support credit reporting reform
Watchdog with Paul MuschickThere always will be debate over just how common it is for mistakes to appear on credit reports. The industry, of course, tells us errors are minimal. Consumer advocates, as you'd expect, contend errors are too common. If you've been...... -
Puerto Rico says bond payments on schedule
ReutersMay 9 (Reuters) - The president of Puerto Rico's Government Development Bank on Thursday denied a news report that the Caribbean island's highways authority might default on a bond payment. Dismissing the report as inaccurate, the development bank's...Tags: Caribbean Islands, Credit Ratings, Bonds
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No Wrongdoing Here, Just Some Distractions
The Hartford CourantYou pay attention to the wrong things. That's what three politicians claimed when caught in betrayals of the public interest in the past two weeks. With no credible explanation for their bad acts, each branded their controversy a "distraction" as they...Tags: West Hartford, John McKinney, U.S. Senate, New Year's Day, Government
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Huge cyber bank theft spans 27 countries
Reuters(Adds case citation at end of story) By Jessica Dye, Joseph Ax and Jim Finkle NEW YORK/BOSTON, May 9 (Reuters) - In one of the biggest ever bank heists, a global cyber crime ring stole $45 million from two Middle Eastern banks by hacking into credit...Tags: Prosecution, Theft, U.S. Department of Justice, Defendants, Muscat (Oman)
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California sues JPMorgan over debt collection tactics
In a lawsuit that echoes the worst abuses of the foreclosure crisis, the state's top law enforcement official is suing the nation's largest bank, accusing it of using aggressive and illegal tactics to collect credit card debt from thousands of...
Tags: Laws, Economy, Business and Finance, Kamala D. Harris, Finance, Litigation
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U.S. House passes Pat Toomey's debt limit idea; Dent votes against bill
WASHINGTON — Lehigh Valley Congressman Charlie Dent was one of eight Republicans who bucked their party and voted against a debt ceiling contingency plan that was the brainchild of Pennsylvania Sen. Pat Toomey. Toomey proposed the idea of...Tags: U.S. Senate, Patrick J. Toomey, Politics, Finance, China
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The truth about hard-money loans
Q: What is a "hard money" loan? A: Technically, it is a loan that is given in exchange for money, rather than to assist a consumer in buying a house. The latter would be called a "purchase money" mortgage. Hard-money lenders do not rely on the...Tags: Homes, Ratings, Freddie Mac, Financial and Business Services, Mortgages
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Illinois considers extending tax break to small businesses
Legislators are considering a bill that would expand the scope of the state's main economic development program to small businesses. House Bill 1336 calls for eliminating a requirement that companies make a capital investment in the state of at least $1...
Tags: Chrysler Group LLC, Motorola Mobility, Inc., Investments, Taxation, Government
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Florida prepares for massive insurance signup
WASHINGTON – Facing the next big health-care challenge in Florida, Uncle Sam plans to enlist hundreds of consumer "navigators" over the next several months to help enroll up to 3.5 million uninsured state residents by January, when everyone is...Tags: Medicaid, Broward County, Tampa, Florida Legislature, Career and Workplace
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Detroit emergency manager says city 'clearly insolvent'
Reuters(Reuters) - Detroit is clearly insolvent and could face a possible bankruptcy if talks with labor unions and creditors do not make substantial progress on easing the city's cash crunch, the city's emergency financial manager said on Monday. In his...Tags: Career and Workplace, Local Government, Politics, Bankruptcy, Justice System
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Del. Yancey honored by Virginia Chamber for worker retraining bill
Del. David Yancey, R-Newport News, received the Virginia Chamber of Commerce Excellence in Education and Workforce Training Award Wednesday. Yancey was honored for legislation he got passed in the last General Assembly session that increases tax credits...Tags: Newport News (Newport News, Virginia), Career and Workplace, Employees, Science and Technology
May 15, 2013
|Story| Chicago Tribune
May 9, 2013
| Allentown Morning Call
May 9, 2013
|Story| Reuters
May 9, 2013
|Column| Hartford Courant
May 9, 2013
|Story| Reuters
May 9, 2013
|Story| Los Angeles Times
May 9, 2013
|Story| Allentown Morning Call
May 10, 2013
|Story| Chicago Tribune
May 10, 2013
|Story| Chicago Tribune
May 12, 2013
|Story| South Florida Sun-Sentinel
May 13, 2013
|Story| Reuters
May 9, 2013
| Daily Press
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