Finance
Lowest interest rates recorded making investing and saving impossible
Savings is popular. That is because many just want to cut out debt. Interest rates are very low right now. That is mostly since the Federal Reserve is worried about the economy making a double dip. Record-low interest rates are fattening bank bottom lines. Banks are making a bit of money. The ...
Trying to get good debt consolidation
Many want to divest their debt when the economy is so bad. Trying to get a better interest rate with a mortgage loan modification is an idea when many still settle their additional debts by just getting a second mortgage. When the market began to tank, that's when those strategies started to backfire. It is ...
JP Morgan Chase makes a purchase of loans from Citi
To expand lending portfolios, JP Morgan Chase made the decision to pick up a loan portfolio from Citi. The deal is worth about $ 3.5 billion, and is a part of the $ 8 billion in troubled loans Citi has been selling to others. These loans were for multi-family and apartment buildings meaning ...
Medical credit cards taking advantage of patients
Medical credit cards are facing an investigation by the New York state attorney general. These high-rate credit cards are marketed to patients that need cash now, often when they're already within the doctor's office. These medical credit cards offer an instant cash advance to patients who need help.
The operational workings of medical credit cards
Medical credit ...
Wall Street reform requires a whistle blower provision
The Wall Street reform bill was signed into law by the President. Yet the vast majority of those who support the Obama administration's call for tighter regulation of banking and investment are probably unaware of a whistle-blower provision, reports the Los Angeles Times. Private sectors could be responsible for catching anybody who beaks the rules ...
