Last week’s security breach at Citibank was just the latest in a string of incidents that have rattled consumers: Sony, Lockheed Martin, and iTunes are also among recent high-profile targets. With such big names falling victim to hackers, is it still safe to bank online? The answer, according to top security experts, is a qualified [...]
A little-known regulation sparked by the 2008 housing meltdown has the potential to fundamentally change the landscape of the housing and mortgage markets, further tightening the stranglehold on credit availability and deepening the housing market downturn. Known as the qualified residential mortgage (QRM), this draft rule currently being debated by regulators could require prospective homebuyers [...]
Starting a new job after graduation usually means a new boss, new tasks, and a new salary. It also means new financial challenges, as young workers figure out how to navigate the world of retirement savings, a post-work social life, and professional demands. A recent survey by TD Ameritrade found that many twentysomethings struggle to [...]
When most people think of credit cards, they think of using the plastic to make purchases. For those who do not pay off their balance each month, the interest rate is certainly an important feature. And there are other benefits such as interest-free balance transfers and rewards such as cash back, points or miles. But [...]
Credit cards have become a very large part of many consumers’ every day lives. We forget that just a few decades ago, cash was king and credit cards were a novelty. Today’s purchasers rely almost entirely on plastic for the security, the rewards, and most importantly, for the short term loan. It’s just easier and [...]
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