If you have something to say...
Say it on the Huffington Post
If you have something to say...
Say it on the Huffington Post
The Blog
The man who brought you Too Big To Fail has had just about enough of everybody blaming him for big banks failing. In an interview with Fortune's Nin-...
Edward DeMarco, Acting Director of the FHFA, indicated that additional analysis would have to be performed to determine the long-term benefits of principal reductions.
In Bankrupt: Why Banking Is Broken and How It Can Be Transformed, Carol Realini paints a picture of a banking industry that is out of touch with its customers.
Why is the banking industry -- for the most part, since I personally detest over generalizations, resistant to essentially doing the right thing and/or at least doing it in a timely matter?
Balance transfer deals became scarce following the financial crisis of 2008 as credit card issuers pulled back on their offers. In 2011, though, this started to change, and many new balance transfer offers are anticipated this year.
December 13, 2011 was the three hundredth anniversary of the law passed by the New York City Common Council that made Wall Street the city's official slave market.
It's hard to avoid noticing some offers that would have been better left on a marketing team's whiteboard. Our panel of credit card experts found this year's five worst credit card offers, along with one account that's worthy of a second look.
Thousands of people across the world are actively maintaining the front line of the Occupy movement; this article is not for those people.
The Securities and Exchange Commission and Citibank mistook Federal Judge Jed S. Rakoff for a robo-signer to their toothless fraud settlement deal. Big mistake.
Critics and watchdogs of the consumer lending industry warn that even a low-risk credit card opens the door to credit abuse and "fee harvesting."
Do your best to read every bit of bank paperwork that comes your way, and take responsibility for understanding your account terms. If you don't understand something, or don't like a new fee, don't wait to ask about it.
To all of you who are spending your weekends and valuable time protesting as part of the "occupy movement," I want to thank you. But you guys can help me. If you wouldn't mind, can I ask you for a few favors? As a small business owner?
Regardless of what tax bracket we are in, I think we can all agree that it is morally reprehensible that the current financial system is structured to allow easy purchase of, and control over, our elected officials.
So far, one group has been fairly quiet, if the point is to address the undue political clout and financial power -- to say nothing of economic risk -- now manifest in our leading banks. It is the voice of the American banker.
The only question I demand the answer to is, 'How do I make it stop?'
There's smart everything now -- smartphones, smart tablets, even smart refrigerators that remind you that you're out of milk. But one product remains determinedly low-tech: plastic. Until now.
