The Latest Debt & Finance Blog

Class-Action Lawsuit Names 12 Banks Allegedly Involved in Illegally Altering Interest Rates

By Bill Fay | October 15, 2012

Annie Bell Adams may have recently lost her house to foreclosure but she’s fighting back. The 65-year-old pensioner is currently leading a class-action suit in New York against a dozen…

Biden, Ryan Spar on Economic Policies during Vice-Presidential Debate

By Bill Fay | October 12, 2012

Vice President Joe Biden and Republican vice-presidential nominee Paul Ryan shared center stage Thursday night in a lively vice-presidential debate. It was the only one planned between the two candidates for…

Students Want Money Information

By Cecillia Barr | October 11, 2012

A growing number of students want to learn more about personal finance but most public schools don’t offer such classes as part of the curriculum, U.S. News & World Report…

Consumer Debt an Issue in 2012 U.S. Presidential Campaign

By Bill Fay | October 10, 2012

Consumer debt is quickly becoming one of the biggest issues in the 2012 presidential election. While standard concerns such as national defense, immigration and abortion continue to get their fair…

Amazon Begins Lending to Its Sellers

By Bill Fay | October 9, 2012

Amazon.com, Inc., the international electronic commerce giant with a cheerful smile logo, is giving many retailers another reason to grin this holiday season as they extend participation in a new short-term…

Unemployment Dips Below 8 Percent, Giving Obama a Big Boost

By Katherine Pilnick | October 6, 2012

The economy and President Barack Obama received some good news Friday, as the unemployment rate dipped below the 8 percent mark for the first time during Obama’s presidency. According to…

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…

Obama, Romney Tackle Tax Code, Small Businesses, Student Loans

By Bill Fay | October 4, 2012

President Barack Obama and Republican nominee Mitt Romney squared off Wednesday night in the first of three televised presidential debates. Although many voters have already made up their minds, political…

New Medicare Mandate Aims to Cut Costs But Could Affect Treatment

By Bill Fay | October 3, 2012

Admission procedures may run a little differently at your local hospital beginning this week. October 1 marked the launch of a key provision of the ObamaCare law that could create…

Americans Await Financial Updates from Obama, Romney

By Bill Fay | October 2, 2012

When Republican presidential candidate Mitt Romney and President Barack Obama square off in Colorado on Wednesday during the first presidential debate, Americans will be waiting for an answer to a…

Sources:

  1. Binham, C. (2012, October 14). US woman takes on banks over Libor. Financial Times Retrieved from http://www.ft.com/intl/cms/s/0/6b912248-1496-11e2-8cf2-00144feabdc0.html#axzz29O1bltxt
  2. New York Times. (2012, September 25). Libor (Barclays Interest Rate Manipulation Case). Retrieved from http://topics.nytimes.com/top/reference/timestopics/subjects/l/london_interbank_offered_rate_libor/index.html
  3. Wrenn, E. (2012, October 15). U.S. pensioner who had her house repossessed in credit crunch launches class action against 12 banks for 'rigging mortgage rates in Libor scandal. Daily Mail. Retrieved from http://www.dailymail.co.uk/news/article-2217963/American-woman-house-repossessed-launches-class-action-12-banks-rigging-mortgage-rates-Libor-scandal.html
  4. Reuters. (2012, October 9). EU Lawmakers Back Jail for Interest Rate Riggers. Retrieved from http://www.nytimes.com/reuters/2012/10/09/business/09reuters-eu-markets-libor.html?ref=londoninterbankofferedratelibor&_r=0