June, 2010
FDIC payday loan option program helps banks try to compete
A pilot program designed to get banks to compete with payday loan companies was most recently concluded by the Federal Deposit Insurance Corporation (FDIC). The final results are in on the small dollar loan pilot program launched by the FDIC in 2008. The FDIC determined that the program was successful. However, bank parameters for lending ...
Consumer spending fails to keep pace with rising incomes
United States financial numbers for May 2010 are in, and according to Bloomberg Business, individual incomes outpaced consumer spending. This made it possible for households to boost their savings and support the economic recovery, although how slower spending boosts the nation's economic recovery is the question. It might just be viewed as one more instance ...
Fannie Mae wants to defer strategic default with consequences
Fannie Mae upped the ante on strategic default of home mortgages Wednesday, saying that borrowers who default despite 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 both increasing. ...
Digital Electronic License Plate – California hacker’s paradise?
The California State Assembly is set to consider a bill in the next few days that would green-light "Digital Electronic License Plate" technology. These digi-plates would turn any license plate into a mobile advertising space. With there being no formal opposition ready to debate these plates, are you visiting the them on the road next ...
Driving etiquette – Spotlight on safety
Driving etiquette may sound like something one would learn in finishing school, but the the truth is that showing consideration for other people who occupy the highway is not only polite, but necessary for safety's sake. As a Thinkquest entry on driving etiquette explains, "Everyone appreciates the good manners of a driver who: Signals his ...
