The Latest Debt & Finance Blog
More than three dozen Republican U.S. Senators voted against the $1 billion Veterans Job Corps Act of 2012 – a fully paid-for, bipartisan piece of legislation that would have put thousands of veterans back to work tending to the country’s federal lands and bolstering local police and fire departments.
Wars throughout history have racked up debts for the countries involved. In the United States, conflicts tend to lead to the rise of both debt and taxes as the government…
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.…
A new federal agency aimed at enforcing consumer finance laws tangled with its second high-profile target since opening its doors less than two years ago. The Consumer Financial Protection…
Freshly graduated college students are finding little success in the job market. Low starting salaries and the need to repay student loans is pushing many of them to go back to school.
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…
The Credit CARD Act of 2009 was supposed to help borrowers who do not work outside the home, but one interpretation is cutting the access those potential borrowers have to credit. One lawmaker describes this as a return to the “dark days” of lending when women were disenfranchised.
The Federal Housing Administration (FHA) recently developed a program to help homeowners facing possible foreclosure and to prevent an excess of defaulted mortgages and home loans. The new program, known…
A growing number of retirees are facing the same battle as their grandchildren: student loan debt. According to the Federal Reserve Bank of New York, a small but increasing number…
Taxpayer-owned mortgage lender Fannie Mae wasn’t happy with how Bank of America serviced its mortgage loans and decided to find another partner. But instead of taking the loans back — as it could have under the agreement — Fannie Mae instead paid BOA millions for the right.