The quarterly survey results from banking experts predict higher levels of credit card debt in 2015, which could cause consumers to have more delinquent payments.
While many policies will be needed to improve the situation of the poor and middle class, there are three simple ones that could make a big difference: a more competitive dollar, a Federal Reserve Board committed to full employment and a financial transactions tax to rein in Wall Street.
Instead of trying to salvage the outdated, dangerous and economically risky coal sector, we should invest in the booming clean energy sector, where every dollar creates more jobs than that same dollar would in the fossil fuel sector.
In order to increase economic freedom for its citizens and enable them to achieve higher standards of living, Romania needs to continue its efforts to eradicate corruption and establish an independent and efficient judicial system.
When the US Justice Department announced last August that it was levying a $17 billion penalty against Bank of America for its role in bringing on the mid-2000s housing crisis, pundits said the sheer size of the fine would make all banks take notice.
I hate that we are leaving such a mess to our children and grandchildren. Solution: Congress should stop acting like children and do their jobs.
It is the best of times if you're a crook at a mega-bank. It is the worst of times if you're in debt and dare to omit information on your bankruptcy declaration. Consider two federal cases dealing with perjury during bankruptcy.
The Federal Reserve Board is openly mapping out an actual job-killing strategy and drawing almost no attention at all for it. The Fed's job-killing strategy centers on its plan to start raising interest rates, which is generally expected to begin at some point this year.
Last December I wrote about a bank merger deal that could create yet another "too big to fail" bank from the smoking embers of two of the very banks that helped blow up our economy in 2008: OneWest Bank (formerly IndyMac) and CIT Bank. While I'm baffled that this merger is still pending, I'm happy to report a bit of good news.
Here, finally, is the great black-ice pileup between so-called "IT" and "marketing." And banks suck it up to avoid revealing their vulnerability and lack of internal controls to regulatory watchdogs, customers -- and thieves.
For those who prefer to bank with an institution that has an outpost in nearly every city (and even, in some cases, internationally) GOBankingRates ranked the best banks of 2015. This study excluded online banks and military institutions, which were evaluated in separate rankings.
Every single Muslim man in America, and beyond, should be concerned about the opening of the Women's Mosque of America because it's the biggest indication that the Muslim community is losing its women.
Hillary Clinton served on the board of directors of Walmart from 1986 to 1992. She is among the thousands of prominent and successful individuals who have sat on the boards of major corporations. The reason that the rest of us should care about corporate directors is that these are the people who determine the pay of corporate CEOs.
I don't anticipate that the Fed will (or should), "tighten" at its Federal Open Market Committee meetings on January 27-28. Nor do I think the Fed will tighten as soon as most people think.
This is not Zimbabwe. It is Detroit. Yet, you'd never know there was a problem this big in our own backyard because there's hardly anything at all in the media on the subject. And, why should there be? It's only the single-greatest economic collapse in American history.
The House Democratic Party leadership made a remarkable step forward last week in putting out a proposal for a financial transactions tax (FTT). There has long been interest in financial transactions taxes among progressive Democrats. The list of people who have proposed financial transactions taxes over the years includes Representatives Peter DeFazio and Keith Ellison, along with Senators Tom Harkin and Bernie Sanders. But the proposal last week came from Representative Chris Van Hollen, who is part of the party's leadership. And Minority Leader Nancy Pelosi indicated that she also supports the proposal. This means that financial transactions taxes are now part of the national debate on tax and financial policy. And there should be no mistake; this is a really big deal for the financial industry.