June, 2010
New Federal Reserve credit card rules beef up consumer protection
New credit card rules approved by the Federal Reserve on Tuesday are intended to protect consumers from interest rate hikes, heavy late fees and other penalties. Deceptive new fees and penalties have been enacted by credit card companies given that the credit card law was passed in May of 2009. The latest additions to the ...
U.S. Postal Service searching for car replacement
Most of the vehicles that are legendary of the U.S. Postal Service are in desperate need of an emergency delivery. The vehicles were intended with a 24-year life cycle, and are simply getting old. Replacing the entire fleet would cost $ 4.2 billion. Is the replacement going to be the only option?
LLVs Postal Service
The right ...
TARP fraud accusations leveled at Lee Farkas
When the U.S. federal government created the Troubled Asset Relief Program, it was designed to help bail out lenders in trouble. The cost of the TARP program has been substantially less than expected. The SEC is taking some lenders to task for a $ 1.9 billion fraudulent bill. The SEC has charged Lee Farkas with ...
Freddie Mac and Fannie Mae stocks delisted from NYSE, losses grow
Freddie Mac and Fannie Mae were ordered by the government to cease trading their shares on the New York Stock Exchange to abide by NYSE delisting rules. Freddie Mac and Fannie Mae stocks, which have already lost nearly all their value within the housing crisis, fell even further when the markets got this bad news. ...
Watch out for these potential auto mechanic scams
When you take your vehicle to an auto mechanic, you should have reasonable assurance that they are reputable and trustworthy, rather than someone who is waiting to perpetrate one of many different auto mechanic scams. Researching a mechanic ahead of time via AAA or other industry resources helps. However, being prepared with knowledge of some ...
