June, 2010
FDIC payday loan option program helps banks make an effort to compete
The Federal Deposit Insurance Corporation (FDIC) lately concluded a pilot program to get banks to compete with payday loan companies. The final results of the small dollar loan pilot program began in 2008 were released by the FDIC in a report June 24. The FDIC determined the program was successful. However, the number of loans ...
Texting at work not protected by law, says Supreme Court
Many people have tried texting while at work. The technology is everywhere in all of the developed nations, and because many people spend the majority of their waking lives in the workplace, it stands to reason that there will be occasions when workers resort to texting at work, regardless of employer policy. The question of ...
White House budget man, Peter Orszag, to step down
The director of the White House office of Management and Budget, Peter Orszag, can be leaving his post in July. Officials close to Orszag have said he would be leaving for a while, but the July date was only most recently announced to the public. The position of OMB director carries significant power within the ...
USA Today payday loans alternatives article is misleading
Opponents of payday loan company tend to argue that you will find cheaper pay day alternatives accessible. When this does apply to those people who have the credit to have possibilities, those consumers with average to less-than-average credit may discover payday loan company to be a lot more available. USA Today's recent piece on payday ...
Fannie Mae wants to defer strategic default with consequences
Fannie Mae upped the ante on strategic default of home mortgages Wednesday, stating that borrowers who default in spite of having ability to pay or do not seek alternatives in good faith won't be eligible for a new Fannie Mae-backed mortgage for seven years from the date of foreclosure. Home foreclosures and strategic defaults are ...
