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    Jan 13, 2013 |Column| Los Angeles Times
  1. Equity-indexed annuity sales pitch is too good to be true

    Dear Liz: Recently, someone from an insurance company proposed that I stop investing through my 401(k) at work and instead invest in his insurance company contract with after-tax dollars. He claims the funds would be guaranteed so that I would never...

    Tags: Career and Workplace, Economy, Business and Finance, Finance, Financial and Business Services, Insurance

  2. Jan 30, 2013 |Column| Chicago Tribune
  3. Court refs intervene in superbrawl

    To borrow a football metaphor, a federal appeals court threw the flag last week against the president of the United States for unsportsmanlike conduct.
    To borrow a football metaphor, a federal appeals court threw the flag last week against the president of the United States for unsportsmanlike conduct. Specifically, a three-judge panel in the Washington, D.C., circuit ruled that President Barack Obama'...

    Tags: Barack Obama, Elections, Bill Clinton, Republican Party, Washington, DC

  4. Jan 27, 2013 |Column| Los Angeles Times
  5. Use care in renegotiating old debts

    Dear Liz: I paid all of my old collection accounts except for two, which now are beyond the statute of limitations. I would like to find the best way to negotiate with the collection agencies without getting sued. Even though the original delinquency...

    Tags: Economy, Business and Finance, Finance, Insurance, Credit and Debt, Consumers

  6. Jan 25, 2013 |Column| Chicago Tribune
  7. Realtors' dose of optimism tinged with reality

    It's been two years since the Chicago Association of Realtors conducted an economic briefing for its members because, frankly, any forecast revolved around rising foreclosures and falling home values.
    It's been two years since the Chicago Association of Realtors conducted an economic briefing for its members because, frankly, any forecast revolved around rising foreclosures and falling home values. But this month, real estate agents gathered in...

    Tags: Real Estate Sellers, Finance, Mortgages, Financial and Business Services, Real Estate

  8. Jan 2, 2013 |Column| Allentown Morning Call
  9. New Year's resolutions you should make

    Many of us start the new year with renewed energy and good intentions. We're going to hit the gym more and eat less. We're going to save more and spend less. Here are a few other resolutions you should make. If you're among the nearly 50 percent of...

    Tags: Computer Hardware, Allentown, Media Industry, U.S. Senate, Rentals

  10. Nov 30, 2012 |Column| Chicago Tribune
  11. Land bank would revitalize distressed properties

    A land bank that would acquire, manage and repurpose vacant and abandoned properties in Cook County is one step closer to reality.
    A land bank that would acquire, manage and repurpose vacant and abandoned properties in Cook County is one step closer to reality. Two months after its formation, an advisory committee appointed by Cook County Board President Toni Preckwinkle is...

    Tags: Cook County Government, Financial and Business Services, Mortgages, Real Estate, Foreclosures

  12. Oct 30, 2012 |Column| Los Angeles Times
  13. Don't be tricked into applying for an online payday loan

    The envelope looked official enough. "Confidential materials enclosed," it said on the outside. "Unauthorized use strictly prohibited." Evelyn Potter, 81, could feel something the size of a credit card within. Opening the envelope, she found a plastic...

    Tags: Finance, Banking, Auction Service, Computer Networking and Internet, Economy, Business and Finance

  14. Nov 16, 2012 |Column| Hartford Courant
  15. Congress Should Dismantle Consumer Bureau

    The Hartford Courant
    There can be unseemly exposure of the mind as well as of the body, as the progressive mind is exposed in the Consumer Financial Protection Bureau, a creature of the labyrinthine Dodd-Frank legislation. Judicial dismantling of the CFPB would affirm the...

    Tags: Finance, Barack Obama, Federal Reserve, Christopher Dodd, Banking

  16. Oct 12, 2012 |Column| Chicago Tribune
  17. Credit settlement spurs refund for cardholders

    If you have a credit card, watch closely.
    If you have a credit card, watch closely. About 6 million credit card users are going to receive money back on their cards. And it doesn't matter if you have a rewards card or not. The reward you are about to get is unique. It's supposed to make up...

    Tags: Economy, Business and Finance, Business, Finance, Elizabeth Warren, Richard Cordray

  18. Sep 29, 2012 |Column| Hartford Courant
  19. Kevin Hunt: A Credit Card Quiz: What's Legal?

    Readers of The Bottom Line pride themselves on their credit-card discipline (please say it's true), but how many of you watch the people watching you spend your money?
    The Hartford Courant
    Readers of The Bottom Line pride themselves on their credit-card discipline (please say it's true), but how many of you watch the people watching you spend your money? Do you know the most, by law, you will ever pay on an unauthorized charge to your...

    Tags: Economy, Business and Finance, Caribbean Vacations, Trips and Vacations, Federal Deposit Insurance Corporation, Petroleum Industry

  20. Aug 29, 2012 |Column| Chicago Tribune
  21. Students finding out what it means to be underwater

    How long can you hold your breath?
    How long can you hold your breath? It's bad enough millions of U.S. homes are underwater, worth less money on the real estate market than needed to pay off the outstanding mortgage balance. The prospect of millions of Americans dragged under by...

    Tags: Finance, Mortgages, Federal Reserve, Teaching and Learning, U.S. Department of the Treasury

  22. Oct 26, 2011 |Column| KTLA-LTV
  23. columnist 123

    WASHINGTON Advertisement President Barack Obama is outlining a plan Wednesday to allow millions of student loan recipients to lower their payments and consolidate their loans, in hopes of easing the burden of the No. 2 source of household debt. The move to assist struggling graduates and students could help Obama shore up re-election support among young voters, an important voting bloc in his 2008 campaign, and appeal to their parents, too. Student loan debt also is a common concern voiced by Occupy Wall Street protesters. The loans have become particularly painful for many amid the nation's economic woes, high unemployment and soaring tuition costs. They are second only to mortgages as a portion of Americans' debt, coming in ahead of credit cards. Obama's planned announcement in Denver comes the same day as a new report on tuition costs from the College Board. It shows average in-state tuition and fees at four-year public colleges rose $631 this fall, or 8.3 percent, compared with a year ago. Nationally, the cost of a full credit load has passed $8,000, an all-time high. The White House said Obama will use his executive authority to provide student loan relief in two ways. First, he will accelerate a measure passed by Congress that reduces the maximum required payment on student loans from 15 percent of discretionary income annually to 10 percent. The White House wants it to go into effect in 2012, instead of 2014. In addition, the White House says the remaining debt would be forgiven after 20 years, instead of 25. About 1.6 million borrowers could be affected. Second, he will allow borrowers who have a loan from the Federal Family Education Loan Program and a direct loan from the government to consolidate them into one. The consolidated loan would carry an interest rate of up to a half percentage point less than before. This could affect 5.8 million borrowers. Education Secretary Arne Duncan told reporters on a conference call that the changes could save some borrowers hundreds of dollars a month. "These are real savings that will help these graduates get started in their careers and help them make ends meet," Duncan said. The White House said the changes will carry no additional costs to taxpayers. Last year, Congress passed a law that lowered the repayment cap and moved all student loans to direct lending by eliminating banks as the middlemen. Before that, borrowers could get loans directly from the government or from the Federal Family Education Loan Program; the latter were issued by private lenders but basically insured by the government. The law was passed along with the health care overhaul with the anticipation that it could save about $60 billion over a decade. The law change was opposed by many Republicans. At a hearing Tuesday, Rep. Virginia Foxx, R-N.C., who chairs a subcommittee with oversight over higher education, said it had resulted in poorer customer service for borrowers. And Senate Republicans issued a news release with a compilation of headlines that showed thousands of workers in student lending, including those from Sallie Mae Inc., had been laid off because of the change. Today, there are 23 million borrowers with $490 billion in loans under the Federal Family Education Loan Program. Last year, the Education Department made $102.2 billion in direct loans to 11.5 million recipients. Increases in federal aid have helped ease the burden on students dealing with tuition increases, the White House Council of Economic Advisers said in a report Wednesday. "Despite large increases in the published price of college over the past four years, the average student has not seen commensurate increases in the net price of college, defined as the published price minus grants, scholarships and tax benefits," the report said. Meanwhile, the Education Department and the Consumer Financial Protection Bureau announced a project Tuesday to simplify the financial aid award letters that colleges mail to students each spring. A common complaint is that colleges obscure the inclusion of student loans in financial aid packages to make their school appear more affordable, and the agencies hope families will more easily be able to compare the costs of colleges. Separately, James Runcie, the Education Department's federal student aid chief operating officer, told Foxx's congressional panel that the personal financial details of as many 5,000 college students were temporarily viewable on the department's direct loan website earlier this month. Runcie said site was shut down while the matter was resolved, and the affected students have been notified and offered credit monitoring. Copyright 2011 Associated Press. All rights reserved. This material ma
    WASHINGTON Advertisement President Barack Obama is outlining a plan Wednesday to allow millions of student loan recipients to lower their payments and consolidate their loans, in hopes of easing the burden of the No. 2 source of household debt. The move...

    Tags: Barack Obama, Finance, Elections, Republican Party, White House

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U.S. Consumer Financial Protection Bureau Photos
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