Mary Tomkins is a freelance writer located in Spartanburg, SC, with emphasis on economic news and research on the financial industry.
Banks and credit unions offer a variety of FDIC or NCUA-insured accounts – checking, savings, money market deposit accounts, and Certificates of Deposit (CDs). Choosing the types of accounts that work for you should be… The Student’s Guide to Banking – Types of Accounts
The Federal Trade Commission (FTC) reported earlier this week that Payneless Credit Repair, LLC and its owner, located in Richardson, Texas, has agreed to settle charges that the company’s business practices violated federal law. The… FTC Cracking Down on Credit Repair Scams
The Obama Transition team announced on Sunday that President-elect Barack Obama intends to form a “White House Task Force on Working Families.” The Task Force will be chaired by Vice President-elect Joe Biden and becomes… Obama Announces Task Force for Working Families
Choosing a Financial Institution If you need to open a checking and savings account, and possibly even get a credit card, it’s a good idea to do some comparison shopping before you open your accounts.… The Student’s Guide to Choosing a Financial Institution
President Bush announced this morning the decision to help U.S. automakers General Motors Corp. and Chrysler, LLC with an emergency loan to give them an opportunity to bring their businesses back to profitability. Ford Motor… Emergency Loan Approved for U.S. Automakers
The Federal Trade Commission (FTC), the nation’s consumer protection agency, reported earlier today that Atlanta, Georgia-based sub-prime card issuer CompuCredit Corporation has agreed to a settlement in response to charges of unfair and abusive credit… Sub-Prime Card Issuer Agrees to Settlement of $114 Million
The Office of Thrift Supervision (OTS), a division of the U.S. Treasury Department, approved a final rule today to prevent savings associations from engaging in credit card practices that are unfair to consumers. The Federal… New Credit Card Rules Protect Consumers
The U.S. Department of Labor reported today that consumer prices declined by 1.7% in November, after a 1% decrease in October. Price declines like this may seem very small to the consumer – a 2%… Consumer Prices Decline for November
The Federal Reserve announced today that they cut the federal funds rate to a range of 0 to .25%, down from the previous interest rate of 1%. The rate cut brings the key interest rate… Federal Reserve Slashes Federal Funds Rate to Nearly Zero
Unemployment rates in the U.S. continue to creep upward as the economy lost over a half a million jobs last month. The Department of Labor reported on Friday that the jobless rate for November is… Unemployment Rises for November 2008