Reprinted with permission from Huffington Post 7-13-11 One newspaper article in 1997 told me all I needed to know about the business model for the credit card industry. Beneficial National Bank, the credit card lender for BJ's Warehouse, notified 12,000 of its customers that it was revoking their credit card privileges. A logical guess would be...
The following article released on January 3, 2011 has been reprinted with permission from Huffington Post. Following the maxim that drastic times call for tepid measures, the banking industry continues to pay "lip service" to loan modifications while doing little. On Dec. 15, the Congressional Oversight Committee admitted the government's Home Affordable Modification Program (HAMP)...
Editorial note: This blog post ran 8/20/2010 on Huffington Post. It is reprinted with permission from Huffington Post. [caption id="attachment_191" align="alignleft" width="300" caption="Even with Federal mandates, foreclosures continue to rise."][/caption] When the economy crumbled in 2008 as real estate values plummeted, Congress was under pressure to appease the public's demand for action to stem the...