Personal Finance

Customers dissatisfied with banks

Amid Scandals and Fee Hikes, Most Americans Dissatisfied with Banks

By Bill Fay | December 12, 2012

After a year filled with negative banking news from around the world — from deceptive practices, outrageously high fees, class-action suits and money laundering scandals — Americans are beginning to…

Rolling Jubilee wants to pay off debt

The Rolling Jubilee’s Ingenious Plan to Cancel Personal Debt

By Bill Fay | November 26, 2012

According to the Bible (Leviticus 25:10), every 50th year – known as the Jubilee year – is sacred: “It is a time of freedom and of celebration when everyone will…

Credit card balances grow

Credit Card Balances, Delinquency Rates Inch Up in Third Quarter

By Bill Fay | November 21, 2012

‘Tis the season to begin holiday shopping. With the promise of amazing deals on Black Friday just two days away and the opportunity for online shopping on Cyber Monday, this…

Cyber Monday

Consumers Gear Up for Online Shopping on Cyber Monday

By Katherine Pilnick | November 20, 2012

Cyber Monday is the unofficial kickoff to the holiday shopping season. Acting as the online counterpart to Black Friday, it occurs the Monday after Thanksgiving. It is a day for…

black friday image

Black Friday: America’s Holiday Tradition at Thanksgiving

By Katherine Pilnick | November 15, 2012

There’s nothing in America quite like Black Friday. It’s an annual day of overabundant consumerism, a day of great deals and great mayhem. And it’s famous for holiday bargain shopping…

Banks provide low interest credit

Banks Offer Financial Assistance After Superstorm Sandy

By Bill Fay | November 7, 2012

As the destructive flood waters slowly recede and power is gradually restored along the East Coast following Superstorm Sandy last week, thousands of victims are currently being offered a financial…

No Interest

Zero-Interest Credit Cards Making a Comeback

By Bill Fay | October 5, 2012

A sign that the economy is inching back to normal, or a warning that banks are looking for new ways to squeeze money out of consumers? Either way, zero-interest credit…

Middle Class Family Saving

Report: Middle Class Loses Ground but Likes Its Financial Savvy

By Bill Fay | October 1, 2012

A member of the middle class in America can make as little as $30,000 or as much as $100,000, depending on whom you believe, but one defining characteristic isn’t so…

Customers using bank ATMs

10 Ways Banks Take Advantage of You

By Bill Fay | September 26, 2012

Banking used to be simple. Bankers lived by the 3-6-3 rule — borrow at 3 percent, loan at 6 percent, and hit the golf course by 3 in the afternoon.…

Lost Wealth

Wealth Gap Continues to Grow

By Bill Fay | September 24, 2012

As Americans diligently work to recuperate from the worst economic recession since the Great Depression, recent reports show the road to recovery may prove to be very long. The Great…