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LIBOR Restructuring Plan Proposed 29 Sep 2012 | 03:33 am
Rather than throwing the baby out with the bathwater, a recent 10 step plan was unveiled designed to repair the LIBOR process rather than replace the interest rate system utilized globally. LIBOR is t...
Mortgage Fraud Still on the Rise 28 Sep 2012 | 05:34 am
Search for “mortgage fraud” in Google News and the headlines span 53 pages—52,400 results, of which 18,100 posted within the past week. Unfortunate as it may be, the more borrowers struggle with loomi...
Campbell’s Soup Company Announces Plant Closures 28 Sep 2012 | 02:14 am
Campbell Soup Company announced today that they will be closing down two production plants located in the United States. This action is being taken in an effort to be more profitable in the soup produ...
40 Percent of Heads of Household 35 and Younger Have Student debt 27 Sep 2012 | 09:25 pm
A new Pew Research study indicates one in five households owed student loan debt in 2010—more than double the 1989 rate, and up 4 percent from 2007 figures, and the student debt burden is greatest on ...
American Greetings Corp. Considers Buyout 27 Sep 2012 | 04:33 am
In a recent announcement, American Greetings Corp. (AM.N) announced that an offer has been made to purchase the company. Heading the offer is the current chief executive of the operation, Zev Weiss. H...
CFPB Finds Credit Scores Purchased by Consumers and Lenders May Differ 26 Sep 2012 | 11:08 pm
Many consumers will receive a markedly different credit score when purchasing it themselves than the score a lender will sees. The Consumer Financial Protection Bureau released a study today indicatin...
U.S Trade Deficit 26 Sep 2012 | 04:07 am
Copy & Paste to Share Presented by: Capcredit.com What is Trade Deficit? Trade Deficit means that a country imports (consumes) a higher value of good and services than it exports (produces). This is c...
Staples Inc. Cuts Costs to Streamline Their Business 26 Sep 2012 | 12:24 am
In an effort to streamline its business and become more profitable, Staples Inc. is expediting the closing of stores in various markets. Staples is an office supply retailer with multiple sites in var...
Bank Fees Continue to Rise With No End In Sight 25 Sep 2012 | 05:09 am
Bankrate.com is reporting that banks are increasing their fees associated with the use of ATM’s. In addition, banks are charging more checking fees associated with accounts and offering less free chec...
Philly Trio Ordered to Pay $7.5 Million for Credit Card Scam 24 Sep 2012 | 09:51 pm
The Federal Trade Commission has charged three Philadelphia men with violating the agency’s Telemarketing Sales Rule and subsequently reached a $7.5 million settlement Sept. 20. According to the FTC, ...
