Firm Cries Foul on Credit Reporting, Mortgage Loans
Nearly one in two borrowers is plagued by medical collection accounts that are lowering their credit scores and limiting their ability to get a ... mortgage, said mortgage and credit expert Rodney Anderson, of Rodney Anderson Lending Services, in a press release Monday. When the Federal Reserve announced its plan to invest up to $600 billion in ... [more...]
Date: 2008-12-08 16:04:24
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The Wall Street Journal on ACORN and Obama
So, this campaign has been going on for almost two years now, and news of the connection between ACORN and Illinois Sen ... lenders to make home loans on easy terms, conducting "strikes" against banks so they'd lower credit ... . According to a 2006 report from the Employment Policies Institute (EPI), Acorn has been on the federal [more...]
Date: 2008-10-14 18:07:20
Get Identity Protection From LifeLock.com
Identity theft is one of the fastest growing crimes in the United States. Federal Trade Commission (FTC) ... in crime. To prevent identity fraud, experts recommend that you review your credit report regularly ... 9 million Americans (or 4.25% of all adults) are victims of ID theft on an annual basis, resulting [more...]
Date: 2008-09-14 09:52:14
Despite getting details, FTC says ‘file a complaint’
Apparently few --- if any --- of the 950 employees at the Federal Trade Commission listen to radio, feels Grumpy Editor ... to: Debt collectors or debit collection practices. Credit reports ... the hypoed-blabber tag. Going to the FTC --- the nation’s consumer protection arm --- for their take [more...]
Date: 2008-09-23 13:14:48
Security
"The ultimate security is your understanding of reality." -H ... Federal Trade Commission (FTC) reports that identity theft happens to nearly 10 million ... either by new credit cards being opened under your name or thieves gaining access to existing [more...]
Date: 2008-09-09 05:48:00
Short Term Credit Easing - Good Time For Money Market Funds?
Although the $700 billion US Treasury bailout program gets the headlines, ... in stimulating tight credit. Two programs - the Federal Reserve’s Commercial Paper Funding Facility (CPFF ... to a recently released Fed report. In order to create a cheaper lending market, The FDIC launched [more...]
Date: 2009-01-03 07:05:30
American Household Debt Declines, Personal Saving Rate Increases
This morning, Karl sent me a link to a CNN/Money article that is simultaneously happy and sad: ... ever, based on data going back to 1952. According to a Federal Reserve report released Thursday ... choice. USA Today writes: The decline in household debt levels is evidence of the severe credit [more...]
Date: 2008-12-11 23:00:20
FTC shuts down O.C. debt-negotiation scam
The Federal Trade Commission said today it has shut down an Orange County debt-negotiation business that instead of helping consumers resolve their ... their bills. The result: Interest on customers’ debts grew, leading to lawsuits, bad credit reports ... bills, drove them to bankruptcy. The FTC charged that Homeland Financial Services LLC of Santa [more...]
Date: 2008-09-25 23:09:42
Budgetary Costs
133_ford_f_150_fx_2_sport_1.jpg CBO report makes the point that the budgetary cost of spending $X from the TARP fund on its original ... specified in the Federal Credit Reform Act, with an adjustment to account for market risk ... years after disbursement and 9 percent for remaining years. In view of the recent deterioration [more...]
Date: 2008-11-19 19:12:21
Saturday quick hits
Murdoch despises O'Reilly I guess we know what he is, and now he is just negotiating the price? ... establish a requirement that the federally funded agency credit God with keeping the state safe, is upset that under Gov. Steve Beshear, the department's 2008 annual report did not do so. "We certainly [more...]
Date: 2008-11-29 20:37:39
Fed?s Bullard: Regional Feds Active in Discount Window Lending
Emily Barrett reports from San Francisco. There is no single measure to determine the success of the liquidity programs the Federal Reserve is ... the flow of credit in the private sector. Reading the signs of recovery will therefore be difficult, he told reporters at the American Economic Association’s annual meeting. “Probably [more...]
Date: 2009-01-03 19:38:00
Justice in the Holy Land foundation re-trial
[ Zolfa Elaydi (center) is comforted by her son, Jihad Elaydi, as she and her daughter, Fidaa Elaydi, ... federal court re-trail of the Holy Land Foundation matter. See this Dallas Morning report here. Credit it to better jury selection and better presentation of an intelligible case put on by the federal [more...]
Date: 2008-11-25 00:55:56
He Doesn’t Know When to Fold ‘Em
He Doesn’t Know When to Fold ‘Em If this CREW complaint is right, we can credit Johnny for being consistent about one thing, at least; ... . Federal law and Senate rules require all income to be reported on annual financial disclosure reports ... , are gifts that must be reported as income. Knowingly filing a false report is a crime punishable [more...]
Date: 2008-10-10 15:02:48
Santa Comes Down the Chimney; Identity Thieves Creep in Through the Computer
idf-todd-photo.JPG Over 9 million Americans have their identity stolen each year. The Federal Trade Commission (FTC) reports that in 2007, the highest category of complaints was identity theft, attributing 32 ... Onetime Credit Cards. Do shop online using a virtual credit card that expires after one use. Don’ [more...]
Date: 2008-11-13 22:25:03
Did America Get Punk’d on the Bailout?
Did America Get Punk’d on the Bailout? Posted by James O'Rourke on December 18, 2008 By David Sirota, Campaign for America’s Future ... , the major claims about a credit crisis that justified Congress cutting a trillion-dollar blank check ... false. For instance, take a look at line 1 and line 5 of this December Federal Reserve report on bank [more...]
Date: 2008-12-18 16:01:10
Obama Stimulus Consigns US to ‘Banana Republic’ Territory
The Washington Times reports: The United States will “look like a banana republic” unless it gains control over its budget deficit and federal debt, ... one measure of America’s creditworthiness — credit default swap spreads — already shows some deterioration. The worse a nation’s credit rating becomes, the more its CDS spread rises. U.S. sovereign [more...]
Date: 2009-01-16 16:52:42
Morgage Bond Purchases Start Strong
By PRABHA NATARAJAN and BRIAN BLACKSTONEThe Federal Reserve bought $10 ... report. Borrowing through the Fed's discount window by commercial banks, known as primary credit ... .213 billion of mortgage securities backed by Fannie Mae, Freddie Mac, and Ginnie Mae in the first [more...]
Date: 2009-01-11 17:07:00
0.5%, here we come: Jobs data cement view on Fed cut
With today’s awful October employment report, markets believe with near 100% certainty that the Federal Reserve will cut its benchmark short-term ... the credit crisis and keep the economy from a catastrophic collapse. Over the last five days ... pegged to the prime would get a rate cut. That would include many borrowers with home equity credit [more...]
Date: 2008-11-11 00:19:07
FTC Stops Fake 'Yellow Pages' Marketers Who Bilked Spanish-Speaking Businesses in Cross-Border Scam
At the request of the Federal Trade Commission, a U.S ... from a purported collection agency, PCM Collections, and threaten adverse credit reports and lawsuits. In many ... . According to the FTC's complaint, the defendants deceptively sell Internet business directory [more...]
Date: 2008-10-29 00:11:08
CDS report: Rate cuts lift mood
Credit markets rallied strongly Thursday morning after the 50 basis point rate cut from the US Federal Reserve, cuts from China and Taiwan and indications from central banks that they would continue to act against recession boosted sentiment across markets. The cost of protecting corporate debt against [more...]
Date: 2008-10-30 12:24:52
0% APR, Same As Cash, and No Interest No Payments. Upon closer reading of the final rules adopted by the federal regulators in December, ... t included in the highlights, news media like New York Times and Wall Street Journal didn’t report ... decisions regarding the cost of using credit. Accordingly, the Agencies conclude that an exception [more...]
Date: 2009-01-08 02:19:07
CBO: $64 Billion "Subsidy Cost" for TARP
From the CBO: The Troubled Asset Relief Program: Report on Transactions Through December 31, ... to those specified in the Federal Credit Reform Act (FCRA), but adjusting for market risk as specified [more...]
Date: 2009-01-16 19:49:06
The Fish Standard
The Wall Street Journal's Justin Scheck reports: There's been a mackerel economy in federal prisons since about 2004, ... on unregulated trading, and, um, limits on credit: The Bureau of Prisons views any bartering among ... a maximum of 40 cents an hour, according to the Federal Bureau of Prisons) or family members goes [more...]
Date: 2008-10-03 16:53:00
A Cautionary Home-Buying Tale: Look Before You Leap
Here in Seattle it seems like we’re ground zero for real estate search websites, with Redfin, Estately, John L ... colors.” Agent names redacted. You’ve got great credit, a big cash downie, and pre-approved ... he has insurance and belongs to an inspector’s federation. He gives you a nice little report with digital [more...]
Date: 2008-09-18 14:08:40
Debt Grants Provide Debt Relief
Numerous federal and private debt grants are available for you to obtain in order to reduce or eliminate your debt right away ... grants, so it will never end up on your credit report. If you’re asking yourself why you’ve never [more...]
Date: 2009-01-05 16:54:45
Debt Grants Provide Debt Relief
Numerous federal and private debt grants are available for you to obtain in order to reduce or eliminate your debt right away ... grants, so it will never end up on your credit report. If you’re asking yourself why you’ve never [more...]
Date: 2009-01-03 23:23:42
Environmental Federal Register, Vol. 74, No. 11, January 16, 2009
Readers & Subscribers: Please see the Readers Note in the right column ... or company contribution by credit card (click here). Fill out the form (optional); insert "REGTrak ... environmental briefing report. Subscribers Note: There will not be a Federal Register published [more...]
Date: 2009-01-16 15:18:00
Report: FBI Investigates Four Companies in Credit Crisis
From the WSJ: FBI Investigates Four Firms at Heart of the Mess The Federal Bureau of Investigation's preliminary inquiries are focusing on whether fraud helped cause some of the troubles at Fannie [more...]
Date: 2008-09-24 05:12:39
Bank of America slides to 4Q loss; gets more aid
Escalating credit costs forced Bank of America Corp. to report a $2.39 billion fourth-quarter loss, hours after it convinced the federal government it needed a multibillion-dollar lifeline to survive the absorption of Merrill Lynch's hefty losses. Bank [more...]
Date: 2009-01-16 18:51:25
CREDIT CRUNCH NEWS - Text of the ANC's 2009 election manifesto - Politicsweb
Text of the ANC's 2009 election manifestoPoliticsweb, ... plan rulesPulse 24, Canada - 10 minutes ago(THE CANADIAN PRESS/Paul Chiasson) TOROTNO — The federal ... report said. NATO and the European Union have warships patrolling the Gulf of ...in DWP NewsIndian [more...]
Date: 2009-01-10 15:55:00
Report: FBI Investigates Four Companies in Credit Crisis (pfblogs.org)
From the WSJ: FBI Investigates Four Firms at Heart of the Mess The Federal Bureau of Investigation's preliminary inquiries are focusing on whether fraud helped cause some of the troubles at Fannie [more...]
Date: 2008-09-24 07:36:11
Bank of America loses $2.39 billion; gets more aid (AP)
Escalating credit costs forced Bank of America Corp. to report a $2.39 billion fourth-quarter loss, hours after it convinced the federal government it needed a multibillion-dollar lifeline to survive [more...]
Date: 2009-01-16 13:58:55
New blame emerges for mortgage crisis
Researches from the Federal Reserve Bank of New York have issued a report blaming the 2005 bankruptcy reform act for our current mortgage crisis ... . They say that the legislation, (which forced more well-to-do households, filing for bankruptcy, to file under Chapter 13 instead of Chapter 7), took the risk away from credit card lenders, shifting it [more...]
Date: 2009-01-13 22:03:02
How to Report Identity Theft
by Paul Wilcox Identity theft has now become a major problem. It grows more each year and can nearly destroy people in the process ... on your reports and by informing them, you are more likely to recover from this problem with your credit still ... or even people not included here. Notify the Federal Trade Commission (FTC). You can do this via [more...]
Date: 2008-11-09 13:48:37
Swindled by the Billions
Branded as the biggest con of the history. On December 11, 2008 at 8.30 a.m, Federal Bureau of Investigation agents arrested Bernard Madoff and charged ... & World Report) = $30 M 14. Societe Generale of France = $13.7 M 15. Credit Agricole of France [more...]
Date: 2009-01-09 05:00:59
DIAC's hiring binge as Gershon effect hits
The federal Department of Immigration and Citizenship (DIAC) has responded to recommendations made in the Gershon report by revealing plans to replace as many ... and Lindsay Tanner (Credit: Brian Hartigan) In a statement today, DIAC said that it was going [more...]
Date: 2009-01-14 02:16:01
Automakers are expected to report another month of staggering sales declines for December
The good news for the auto industry in December came when General Motors and Chrysler got their federal bailout. The bad news is coming Monday, when . Many analysts are predicting the industry will report ... consumers avoided big purchases, unemployment and home foreclosures rose, and tight credit markets made [more...]
Date: 2009-01-04 01:32:16
Pushing on a String In Academic Wonderland
Bloomberg is reporting Fed Boosts Cash Auctions to $900 Billion, May Do More.The Federal Reserve will double its auctions of cash to banks to as much as $900 billion and is considering further steps to unfreeze short-term lending markets as the credit crunch deepens [more...]
Date: 2008-10-07 05:00:00
The Reality of The Good Cars We Are Building Today. Read On.
Too often the conventional wisdom in the looming credit crisis and the request of The Big 3 for a federal loan has been that it’s all Detroit’s ... independent survey on initial quality? Did you bother to read the Consumer Report that rated Ford on par [more...]
Date: 2008-12-23 00:09:27
The Fed Translated…..
Release Date: December 16, 2008 The Federal Open Market Committee decided today to establish a target range for the federal funds rate of 0 to 1/4 ... . No arguments there. Financial markets remain quite strained and credit conditions tight. I’m not sure ... . Let me rephrase that, in light of the Consumer Price Index report this morning, it’s pretty [more...]
Date: 2008-12-17 04:47:10
In governors' request for federal infrastructure aid, only a hint of (indirect) help for Atlantic Yards
Atlantic Yards Report So New York State Gov. David Paterson, along with governors from other large states, ... in rules regarding the Low Income Housing Credit Program could make it easier to fund affordable housing [more...]
Date: 2009-01-04 14:53:14
U.S. Banks Refuse to Detail How They’re Spending Federal Bailout Money
After receiving hundreds of billions of dollars in taxpayer-funded federal bailout money, the biggest U.S ... up right now, and we’ll send you an important new report for free: “The Three Best Investments in Asia ... . Some of those buyouts deals are being done in markets as far away as China. Meanwhile, credit remains tight [more...]
Date: 2009-01-06 15:56:33
Federal Reserve, Treasury Announce $800 Billion Plan to Support Consumer Lending
Let's see, Bloomberg said yesterday that the Federal government had committed $7.4 trillion to lending facilities and guarantees ... points, due to a GDP report that revised third quarter growth from positive 0.3% to negative 0.5 ... (TALF), a facility that will help market participants meet the credit needs of households and small [more...]
Date: 2008-11-25 15:09:54
Judge Who Faces Impeachment Took Cash, Gifts From Lawyers With Pending Cases
by Christina Jewett , ProPublica - [ Federal Judge Thomas Porteous Jr. faces impeachment for accepting cash and gifts, including rooms in Las Vegas ... . (Credit: Flickr User: fusionpanda/ProPublica) As Hurricane Ike barreled down on south Texas ... released results of a Justice Department investigation (PDF) and 5th Circuit special committee report [more...]
Date: 2008-09-16 19:07:00
1-13-2009 (Tue Morning) Fin. & Econ. Activity
Federal Reserve Chairman Ben S. Bernanke warned that a fiscal stimulus won’t be enough to spur an economic recovery and that the government may need ... s more concerned about a continued choking off of credit to companies and households - Bloomberg ... in billions as a global cash machine, Citigroup is expected to report its fifth consecutive quarterly [more...]
Date: 2009-01-08 02:15:44
Banks Increase Lending Standards Across The Board
credit card sign The July 2008 Senior Loan Officer Opinion Survey on Bank Lending Practices released by the Federal Reserve describes a lending ... free to click on the above link if you want those (or you can read Mish’s blog post--he does a great job of summing up this report), but I do want to make the point that these numbers [more...]
Date: 2008-08-12 15:54:31
GM and Chrysler get US$17.4 billion bailout
They’ve done it, the Detroit boys have managed to secure federal emergency loans to execute their plans to stay afloat ... by law, firms must allow the government to examine their accounting books and records, firms must report ... , the healther of the Detroit 3, is still asking for a US$9 billion government line of credit in case [more...]
Date: 2008-12-21 09:09:13
The Road to Zimbabwe
By Terry Coxon, Editor, The Casey Report GoldSeek.com Sprinkled among all the official talk about efforts to end the current recession, you’ll hear assurances, notably from Federal Reserve Chairman Ben Bernanke, that when the economy does revive, it won’t be allowed to blast off into runaway inflation. The Fed, we’re being promised, will prevent such a launch by reabsorbing the hundreds of billions of dollars of excess liquidity it recently created to halt the credit crisis. [more...]
Date: 2009-09-30 12:40:48
Fed Predicts Economic Decline in 2009 Despite Obama
Minutes from the December 16th Federal Reserve meeting have been released and 2009 is not going to be a good year for you ... , and restrictive credit conditions were likely to continue to hinder household spending over the near term” ... rates to record low levels. U.S. auto-manufacturers suffer as Ford and GM report December sales down [more...]
Date: 2009-01-08 18:59:25
Free Online FASFA Application
Free Online FASFA Application January 2nd, 2009 Federal financial aid backed college student loans have several advantages over private or alternative college student loans as well as credit cards. Borrowing money for your higher ... just a couple of days. They are very fast with the process and will send you your SAR report [more...]
Date: 2009-01-02 23:30:31
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