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.
President Bush said that his Administration and members of Congress have been working hard over the weekend to find a solution to controlling the damage to the nation’s financial markets caused by the sub-prime mortgage… President Bush Says They’re Making Progress
The FTC Fights Prepaid Calling Card Scam The Federal Trade Commission, the nation’s consumer protection agency, is going after shady prepaid calling card companies who misrepresent the value of their product to consumers. The FTC… FTC Cracking Down On Misrepresented Prepaid Calling Cards
The Federal Reserve Board announced on Thursday a plan to inject $180 billion into the global economy in an effort to ease the pain of the credit crisis and calm the fears of nervous investors.… Federal Reserve Unites with Five Central Banks
U.S. Government considering a broad rescue. There’s talk of a historic move by the federal government to control the ensuing credit crisis by rescuing financial institutions from their bad investment decisions. Though details of the… U.S. Government Talks of a Broad Rescue From Bad Mortgage Investments
President Bush made a brief statement on September 18th stating that he shared the concerns of the American people regarding the financial markets and the state of the economy. The President has cancelled today’s GOP-fundraising… President Bush Attempts to Reassure Americans
Rescuing private companies with taxpayer money; here we go again. The Federal Reserve announced on Tuesday to give an $85 billion emergency loan to the New York-based insurance company, American International Group, also known as… Government Gives $85 Billion Loan to AIG
Two more pillars of Wall Street fell over the weekend, shaking any last bit of investors’ confidence in the integrity of the global financial system. Stock markets around the world tumbled in response to the… Mortgage Crisis Takes More Casualties
The Fed’s Sunday announcement of the takeover of mortgage giants Fannie Mae and Freddie Mac may possibly become the largest government rescue in U.S. history. The cost is high; up to $200 billion of taxpayer… What the GSE Bailout Means to Consumers
Treasury Secretary Henry Paulson announced on Sunday that the government will take charge of the Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, and the Federal Home Loan Mortgage Corporation (FHLMC), commonly know… U.S. Government Takes Charge of Fannie Mae and Freddie Mac
The years of unsolicited junk-mail you’ve received from credit card issuers and loan companies may have finally paid off. Millions of American consumers could be awarded free credit monitoring services from TransUnion, one of the… TransUnion Offers Settlement on Class-Action Lawsuit