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News

2007

October

11
  • Countering credit card marketing on campus. Campus credit-card marketers are out of control and entrapping students into years of debt, say a national consumer group and a coalition of college officials and student leaders. Students lacking financial savvy are barraged by
  • Cutting them a break on carried interest. Democrats like to boast that they are the party that worries about the middle class while Republicans lavish tax goodies on the rich. So a juicy tax break enjoyed by a select group of the
  • Industry alliance aims to prevent foreclosures. The Bush administration announced a new mortgage industry coalition on Wednesday aimed at helping homeowners avoid being trapped in a rising tide of foreclosures. Treasury Secretary Henry Paulson said the initiative would help coordinate efforts
  • Insurer to pay up to $500,000 in probe. Insurer HealthMarkets — under investigation by 36 states and facing a lawsuit by the Massachusetts attorney general — has agreed to pay up to $500,000 to settle concerns raised about its business practices in Delaware. The Texas-based firm, whose
  • Coalición busca evitar embargos de casas. Los principales actores del sector hipotecario en Estados Unidos, como son los bancos, los intermediarios inmobiliarios y la administración federal, han lanzado una campaña para tratar de frenar el auge en la morosidad
10
  • Nuevo plan de espionaje protege la privacidad. Los demócratas de la Cámara de Representantes presentaron ayer un proyecto de ley de escuchas electrónicas que da a la Agencia Nacional de Seguridad (NSA) el poder para espiar a extranjeros sospechosos
09
  • Blocking the card sharks. Pam Gear of Newbury Township [Ohio] is an avid bargain hunter who scours off-price stores on a regular basis for top-quality, low-priced merchandise. And during a recent shopping expedition, she was stunned when one of
08
  • Hold on, my wallet is ringing. PHILIPPINES - It's Thursday, so 18-year-old Dennis Tiangco [of San Miquel] is off to the bank to collect his weekly allowance, zapped by his mother - who's working in Hong Kong - to his electronic
  • American Dream becomes debtor's nightmare. Soledad Aviles dreamed for years of owning a home, with a plot of land where he could grow corn and chiles as he did in his native Mexico. So he felt blessed last year when
07
  • Iowa universities won't divulge credit card agreements. Two state universities are refusing to disclose to the Iowa Board of Regents their credit-card marketing agreements with Bank of America. The agreements are believed to be similar to those at many schools and universities
  • Credit scores need be good, not perfect. Whether you're considering buying a new home or refinancing an existing mortgage, credit scores matter more than ever. To find out what consumers need to know about their credit reports and scores to get the
06
  • Tax relief for distressed but not the rest. In a tax-Peter-to-pay-Paul move, the House voted Thursday to permanently remove the "phantom income" tax penalty that haunts financially distressed homeowners whose debt is partially forgiven by a lender after a foreclosure or a short
05
  • Credit card fine print can cost you. Every now and then, I read something that makes me gasp. It happened just recently, when I learned about a Public Citizen report on arbitration in the credit card industry. Here's how it began: "Consumers
  • Common sense and credit cards. After years of looking the other way, Congress seems finally poised to rein in the predatory practices that have become all too common in the credit card business. Several bills now pending would outlaw unfair
  • Are credit cards cleaning up their act?. The phone call Kevin McKenna received from Chase bank several weeks ago was as shocking as the news: He had been 90 days late on his credit-card bill and, as a result, his account was about
04
  • Experian joins 'credit freeze' crowd. Credit reporting firm Experian said Thursday it will allow consumers to freeze their credit reports starting Nov. 1. In doing so, Experian, based in Costa Mesa, Calif., joins TransUnion in giving consumers that option. Atlanta-based Equifax
  • Mortgages for those who lack credit history. CitiMortgage plans to announce today that it has set aside $200 million for mortgages to Washington area residents who have limited credit histories and therefore often end up with high-cost or risky home loans. CitiMortgage, a
03
  • Mortgage brokers' sleight of hand. *The following op-ed, Mortgage brokers' sleight of hand, written by Harvard Law School Professor Elizabeth Warren, was published in the Boston Globe on October 2, 2007. In the past five years, if you called a mortgage broker
  • Secret-shopping scam. How would you like to go shopping in your spare time – and get paid thousands of dollars to do it? That is the lure of mystery-shopper ads. Become a secret shopper, the ads say, and
  • EBay warns against selling recalled items. EBay said Tuesday that it is sending notices to sellers hawking recalled items, warning that they could be kicked off the website and may have to forfeit their fees. The San Jose-based company, which listed 559
 

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