In one of the week’s biggest “no kidding?” moments, Federal Reserve Chairman Ben Bernanke said that, “Banks should make loans to creditworthy borrowers.”
Well, duh. Continue reading
Financial News
Recent Consumer Spending Not Enough
Many big wigs like to tout the coming of the economic recovery, and will often go to the media suggesting that “the recession is over.” Continue reading
Credit Rating Overhaul Lacks Teeth… And Common Sense
Two years ago, the housing bubble led to a market breakdown that helped cause a financial collapse. Now, lawmakers are attempting to regulate different sectors of the financial system in order to prevent such incidents from occurring again. Continue reading
Health Care Reform and the Private Sector
Health care reform, even though certainly needed in some aspects, will affect every family in this country. It is one of the most expensive bills to pass Congress (the Congressional Budget Office projects it to cost $940 billion over ten years) and also one of the most widespread in terms of effects. Continue reading
Bank of America Ends Overdraft Fees on Debit Cards
Bank of America has taken the preemptive step of announcing an end to overdraft fees on debit card purchases. As is frequently the case when the feds are mulling new regulations, an industry giant moves to police itself. Continue reading
Allegro Law Seized by Regulators
The Alabama Attorney General working with the Alabama Securities Commission has shut down what was one of the leading debt settlement providers in the nation. Allegro Law LLC and Allegro Financial Services LLC have been closed, with their assets seized by the court. Continue reading
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