CreditCardsCo Blog Topic - ' Financial News'
CFPB Chief Touts Success, Congress Still Not Happy
So why are some members of Congress acting like spoiled brats? Worse, why are there those in some committees who refuse to even acknowledge the works by Cordray and CFPB?
What is Bitcoin?
Have your Bitcoin account yet? Here’s why it matters – and why you should probably consider having an account.
Foreclosure Rising in Some States
New trends are troublesome, including the triple digit foreclosure increases in several states. More than three dozen states are seeing some kind of rise in foreclosure.
Does Any of the $917M in Unclaimed Funds Belong to You?
Before the weekend is over, you might discover a financial windfall. Check your state treasurer’s website. Many use their funds for paying off credit cards, savings or weekend getaways.
Criticism for New Mortgage Rules
Stimulus Efforts “On Course”
Does Hurricane Sandy represent a threat to the economy? What about central bank stimulus? Two reports tell the tale.
CFPB and Reverse Mortgages
Many believe CFPB covers credit card complaints only. But it’s much more than that, including overseeing reverse mortgages.
Food Stamps Hit Record High In June 2012
As DNC rolls on, news breaks of staggering number of new food stamp applications. Is Obama to blame?
Citigroup Founder: ‘Split up Investment Banking’
Citigroup’s Founder, Sanford Weill, says it’s time to split up investment banking, despite the fact he was the one who pushed it through years ago. He insists it’s no longer a viable option in a modern economy.
Concerned Over Possible FDIC Dissolution?
The FDIC program that provided temporary deposit insurance in an effort to keep small businesses banking with its those in their communities is set to expire in December. The repercussions are many.
What’s Not In Capital One’s Wallet: $150 Million
Capital One is the first credit card company to be hit by a fine from the Consumer Financial Protection Bureau. Other banks, including JPMorgan Chase and Bank of America could be next.
CFPB Now Overseeing Credit Bureaus
The successful CFPB will soon be overseeing the credit agencies in the U.S. including the three major bureaus.
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