ECONOMIC RECOVERY SEES WEALTH GAP WIDEN BY STAGGERING AMOUNT BETWEEN WHITE AND BLACK HOUSEHOLDS IN AMERICA

The economic recovery has not been equal among the races, according to a Pew Research Center study released Friday.

 

SECRET TAPES OF REGULATION ABUSES BY NY FED RESERVE BANK AND FINANCIAL INSTITUTIONS ABOUT TO ROCK WALL STREET

CARMEN SEGARRA

Wall Street is about to be rocked by secretly recorded audio tapes that purport to show a too-cozy relationship between the New York Federal Reserve Bank and the financial institutions it is supposed to regulate.

FRAUDULENT TRANSACTIONS SURFACE IN WAKE OF HOME DEPOT BREACH

A large data breach at Home Depot Inc. has started to trigger fraudulent transactions that are rippling across financial institutions and, in some cases, draining cash from customer bank accounts, according to people familiar with the impact of the hacking attack.
 

REPORT RELEASED SHOWING BANKS ABUSE YOUNG ADULTS WITH OVERDRAFT FEES

Debit card-linked accounts are most often hit with overdraft and insufficient fund fees — especially in the days leading up to payday and for purchases under $25, a government report Friday revealed.

SOME MAJOR BANKS END CRIPPLING PAYDAY TYPE LOANS DUE TO PRESSURE BY FDIC

The high-cost, quick-fix deposit advance loans offered by some banks will be discontinued in 2014 after consumer advocates dubbed the products as debt traps.

SENATE CONFIRMS JANET YELLEN AS FIRST WOMAN TO EVER HEAD THE FEDERAL RESERVE

JANET YELLEN

The US Senate was expected to confirm Janet Yellen as the next chair of the Federal Reserve on Monday, making her the first woman to head the US central bank.

NAACP REPORT SHOWS BLACKS HAVE MORE ERRORS ON THEIR CREDIT REPORTS

Credit problems disproportionately affect African Americans for a variety of reasons — historically lower incomes, higher unemployment, being hit especially hard hit by the subprime mortgage lending crisis but according to a new report, you can add another reason to the mix.

HOW NOT TO LET DEBT DESTROY YOUR CREDIT

On-time payments are much more important than how much you owe. Credit card users, however, need to take extra care to protect their scores.

IRS CONNED OUT OF $110 BILLION OVER THE PAST DECADE

INTERNAL REVENUE SERVICE

One in five dollars paid out under the Earned Income Tax Credit — one of the nation’s largest anti-poverty programs — went to people who didn’t deserve them, according to a stinging report.

9 WAYS TO CUT YOUR STUDENT LOAN DEBT

For many, repaying student loans is a burdensome process. Here are some programs that can lend a helping hand.

3 REASONS WHY PAYING OFF YOUR DEBT IS ESSENTIAL TO YOUR SUCCESS

PAYING OFF YOUR DEBT

You’ve made up your mind: It’s time to tackle your debt. You have researched ways to get out of debt, perhaps weighing the pros and cons of snowballs over avalanches to pay off your debt faster. Maybe you’ve thought about calling a credit counseling or debt settlement agency, or even a bankruptcy attorney, to see what they can offer....

JAY Z & BEYONCE TOP FORBES LIST OF HIGHEST EARNING CELEBRITY COUPLES ALONG WITH...........

JAY Z & BEYONCE

Beyonce and Jay-Z unsurprisingly topped the Forbes list of highest earning celebrity couples for the second year in a row, since the two are not only famous for their music but also for their business savvy.

CALIFORNIA MAYOR USING EMINENT DOMAIN TO SEIZE HUNDREDS OF HOME MORTGAGES FROM BIG BANKS

RICHMOND, CALIFORNIA

The mayor of Richmond, Calif., wants to use the government's power of eminent domain to seize hundreds of home mortgages, but banks are fighting back.

JPMORGAN CHASE & CO. EX-EMPLOYEES MAY BE CHARGED THAT THEY CONCEALED LOSSES LAST YEAR IN "LONDON WHALE"

JPMORGAN CHASE

The US may announce charges as early as this week against former London-based JPMorgan Chase & Co. employees related to allegations they tried to conceal losses last year, a person familiar with the matter said.

SENATE PASSES VOTE TO KEEP STUDENT LOAN INTEREST RATES DOWN AFTER LONG FIGHT

STUDENT INTEREST LOAN

A hard fought deal to keep student loan interest rates down cleared the Senate Wednesday on a 81-18 vote, despite strong opposition from liberal Democrats who believe it would make skyrocketing student debt even worse in the long run.

4 KEY TIPS TO REPAYING STUDENT LOANS

STUDENT LOAN DEBT

Graduating from college brings all sorts of emotions — you’re anxious to get out of the town you’ve been living in for the last four years. You’re excited to start applying for jobs and take that big next step. You’re happy that you’ve made some lifelong friends. And you’re terrified of trying to figure out how to repay your student loans.

STUDENT LOANS SET TO DOUBLE JULY 1ST 2013

STUDENT LOANS

Student loan rates will double Monday — at least for a while — after a compromise to keep student loan interest rates low proved unwinnable before the July 1 deadline, senators said Thursday.

5 WAYS TO REBUILD YOUR CREDIT AFTER BANKRUPTCY

ROAD TO CREDIT RECOVERY

Filed (or thinking of filing) for bankruptcy? Your financial life isn't over. Here's how to get back on track.        

About 1.2 million Americans filed for bankruptcy in 2012. If you were one of them, you've likely heard that bankruptcy will stay on your credit reports for 10 years.

You might be assuming your life is over -- at least financially -- for the next decade. But you'd be wrong.

Bankruptcy does do major damage to your credit scores, but you can take action right now to turn things around and rebuild your credit. 

SENATE PROPOSAL TO KILL THE DOLLAR BILL WITHIN FOUR YEARS

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A bipartisan group of senators wants to replace the paper currency with a coin to save money. 

TIPS FOR YOUR 401(K) PLAN AS AVERAGE TOPS $80,000 WHICH IS UP 75 PERCENT SINCE 2009

401(K)

The average 401(k) retirement balance for U.S. workers hit a record high of $80,900 in the first quarter, a growth spurt of 75 percent since the stock market's nadir in March 2009, Fidelity Investments said on Thursday based on a survey of its accounts.