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News

2007

November

01
  • Fed issues rules combating identity theft. U.S. financial regulators and the Federal Trade Commission said on Wednesday they will soon publish final rules designed to detect "red flags" when consumers are at risk of identity theft. "These rules provide consumers
  • FCC approves cable competition for apartments. Federal regulators on Wednesday approved a rule that would ban exclusive agreements that cable television operators have with apartment buildings, opening up competition for other video providers that could eventually lead to lower prices. The

October

31
  • Fed cuts key rate another quarter-point. The Federal Reserve cut a key short-term interest rate by a quarter-point to 4.5% on Wednesday, seeking to support troubled financial markets and shore up the collapsing housing sector. The central bank also warned markets not
  • House approves 7-year ban on internet tax. The House approved a bill yesterday to bar states from taxing Internet access through 2014, clearing the way for President Bush to sign the measure into law before the current ban expires tomorrow. The unanimous vote
  • FCC likely to end exclusive cable deals. When several Loudoun County neighborhoods were built five years ago, a Dulles company won long-term exclusive contracts to provide cable service to hundreds of residents. At the time, OpenBand Multimedia was the only company willing
29
  • Goodwill: Cheap can also be chic. Like other fashion bloggers, Em Hall dispenses advice on matters such as the appropriate cut for ankle boots, pairing floral patterns with polka dots and how to wear a three-piece suit. The twist? Many of
  • Federal government pushed on Plain English. Gobbledygook. It's the stuff of government. Maybe its No. 1 export. Now, a first-term House member, Bruce Braley (D-Iowa), wants to do away with the wordy, pompous and confusing forms and memos that spew out of
28
  • CPSC faces restraints in ATV recall. In June, the Consumer Product Safety Commission issued an unusual warning about a four-wheel all-terrain vehicle designed for children, calling it "defective and dangerous." "Children are at risk of injury or death due to multiple
  • Not wise to bail out reckless investors. Last summer, the bill started to come due on our debt-fueled economy. We should have let it - and let reckless speculators, subprime lenders and banks finally get what they had coming. But instead, the
27
  • FHA reform: Stuck in neutral?. Distress in the mortgage market is generating a wave of relief bills on Capitol Hill, including one that would allow homeowners to tap into their retirement accounts - penalty-free - to bring their loans current
  • Small shipping scams fly under the radar. Danika Kogelschatz considered herself a savvy Web shopper, smart enough to ask the right questions and do preliminary research before parting with her money. But she's out $300 for a used laptop that never showed up,
25
  • Graduating into debt. As students pile up ever-increasing education loan tabs, some colleges and universities are starting to question whether they should be counseling these young borrowers - before they end up with debt that will take them
  • Credit repair claims are usually false. Every day, consumers pay untold sums to companies that promise a quick credit fix. Most of the time, that money is wasted. I understand why these offers might seem enticing. Good credit can get you
  • Extent of TJ Maxx data breach grows. At least 94 million Visa and MasterCard accounts may have been exposed to potential fraud in a data breach at TJX, more than double the previous estimate by the discount retailer. The figure was included in
24
  • Insurance claims could haunt houses. If past history is any measure, many homeowners affected by the wildfires burning throughout Southern California will find that claims they submit to insurers will result in higher rates or even dropped policies. What they,
  • Treasury Secretary warns Congress to fix AMT. With deadlines fast approaching for printing 2007 tax forms, Treasury Secretary Henry M. Paulson Jr. warned yesterday that Congress's delay in repairing the alternative minimum tax could affect 50 million households, or more than a third of
23
  • Bill would tighten mortgage lending standards. Barney Frank, chairman of the House Financial Services Committee, yesterday unveiled legislation aimed at curbing abusive lending practices that, he said, have fueled an alarming rise in foreclosures. The long-expected bill, which was immediately criticized
  • Lawmakers can't agree how to fix AMT. Millions of taxpayers could see their refunds delayed next year unless Congress acts quickly to approve a stopgap measure that would prevent a huge expansion of the alternative minimum tax, the IRS said Monday. Without
  • Bill seeks to curb abusive mortgage lending. A leading House Democrat took on the banking industry Monday with a bill to restrict lending practices partly blamed for the nationwide surge in mortgage defaults and foreclosures. The legislation introduced by Rep. Barney Frank,
  • Largest lender to redo $16B in loans. Countrywide Financial plans to announce Tuesday that it will restructure or refinance $16 billion in adjustable-rate mortgages that have recently reset to higher rates or will reset by the end of next year, stretching some homeowners
 

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