Parents Need to Educate Their Children About Debt
Italy produces olive oil. Brazil grows coffee. America manufactures credit.
Despite the financial crisis of the last four years, banks and financial institutions continue to offer credit to those least able to afford it.
In 2009, Congress passed the Credit Card Act that finally restricted banks and credit card companies from marketing to college students [...]
Federal Regulators Reduce Barriers to Mortgage Refinancing…but Not Enough
On Monday, October 24, 2011, the government announced several changes to the Home Affordable Refinance Program (HARP) to allow more homeowners to refinance their mortgages and take advantage of the current historically low interest rates.Most importantly, the revised HARP Program will allow homeowners whose homes are more than 25% “under water” to become eligible [...]
America’s Middle Class Discovers Bankruptcy Protection
In 2010, nearly 1.5 million families filed for bankruptcy protection. That is nearly 80 times greater than the number of individuals who filed for bankruptcy during the Great Depression. In the past 25 years, personal bankruptcy filings have climbed nearly 350%.
…if GM and Trump can do it, why can’t I?
Finally, the [...]
New Hope for Small Businesses
U.S. Treasury provides an additional $608 million to
Small Business Lending Fund
Two weeks ago Neil Borofsky, the Special Inspector General for the government’s bank bailouts, called the government’s HAMP Mortgage Modification Program an abysmal failure. A Bill has been introduced in Congress to scrap the entire program and [...]