Stay updated on financial news, market trends, and economic changes that affect your money. From interest rate hikes to government policy shifts, we break down what’s happening now—and what it means for your finances.
The Department of Labor announced on Tuesday awards of more than $9 million in nationwide grants for ‘green” jobs training for veterans. Raymond Jefferson, assistant secretary of the U.S. Department of Labor’s Veterans’ Employment and… $9 Million in Grants for Veterans’ Green Jobs Training
Homebuyers are choosing smaller homes than they had been in the previous year, according to a report released on Monday by the National Association of Home Builders (NAHB). The NAHB analyzed data recently released by… NAHB: Americans Are Buying Smaller Homes
The amount of Troubled Asset Relief Program (TARP) funds paid back to taxpayers has exceeded the amount of TARP funds outstanding, the U.S. Treasury Department reported on Friday. The Treasury reports that through the end… TARP Repayments Surpass Amount Owed
A so-called extended auto warranty company has been ordered to stop pitching their services upon allegations by the Federal Trade Commission that their product is misleading and deceptive to consumers. A temporary restraining order has… Extended Auto Warranty Program Charged with Misleading and Deceiving Consumers
Two mortgage firms, Countrywide and Bank of America, have agreed to pay $108 million to settle charges that they misled and overcharged troubled homeowners who were falling behind on their mortgage payments, according to a… Countrywide to Pay Back $108 Million for Charging Homeowners Excessive Fees
Residential mortgage delinquencies homes rose for the first quarter 2010 to a seasonally-adjusted rate of 10.06% of all loans outstanding, according to the National Delinquency Survey released last week by the Mortgage Bankers Association (MBA).… Mortgage Delinquencies Rose First Quarter 2010
The Federal Trade Commission announced today that approximately 3,500 consumers who paid for phony work-at-home scams will be sent checks worth a total of $95,000 in redress. The victims of the scam were misled by… Work at Home Scammers Ordered to Pay $95,000 in Consumer Redress
As the deep recession brought about severe job losses among workers, families have been struggling to manage on less income and cut costs in every way possible. And many Americans have dealt with a tough… MBA: 1.2 Million Households Lost from 2005-2008
Despite widespread unemployment, consumers in the last half of 2009 have been working hard to pay their debts on time. According to the American Bankers Association (ABA) Consumer Credit Delinquency Bulletin, consumer loan delinquencies in… Consumer Loan Delinquencies Fall Again for Fourth Quarter 2009
The nation’s unemployment rate hit 10% last year, and a long, two year global recession has threatened the financial security of families around the world. It comes as no surprise that state governments are the… State Tax Revenue Down 8.6% for 2009