CreditCardsCo Blog Topic - ' Financial News'
Is the Financial Crisis Really Behind Us?
From the gross mishandling of the $700 billion TARP bailout to the greed shown by the banks that instead of being punished for, continue to be rewarded instead.
Cordray is Confirmed CFPB Chief
It’s been a long few years, but after politicians did their song and dance, complete with holding a confirmation hostage and no shortage of bickering, Richard Cordray is confirmed as the Consumer Financial Protection Bureau chief.
Worst Banks for Transparency
Pew Charitable Trust, known for its brutally factual reports, has just released its latest effort on the worst banks for transparency and what it discovers might be troubling to some.
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.
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