Information from FTC.gov: The Federal Trade Commission has joined an effort to alert consumers to online deceptive marketing connected to free trial offers that require individuals to cancel or opt-out of a recurring charge for future products or services.
The Director of the FTC’s Bureau of Consumer Protection, David C. Vladeck, appeared at a press conference with officials from Visa and the Better Business Bureau (BBB) today to caution consumers about the free trial feature, known as a... Read Full Story
Submitted by wulan on Fri, 12/18/2009 - 05:51
Business & Economics
The skyrocketing bankruptcy filing rates of recent years are well known. Last year over 1.3 million families filed for bankruptcy. Amazingly, that figure actually represented a slight drop from the previous year. Anxious to deflect blame from an overly generous bankruptcy system or a decline in the shame and stigma traditionally associated with filing bankruptcy, opponents of bankruptcy reform have fingered... Read Full Story
Italy has pulled out of recession with third-quarter gross domestic product growth of 0.6 percent, the national statistical institute confirmed on Thursday. The gain follows five quarters running of contraction and is slightly higher than the eurozone average of 0.4 percent, Istat noted. The agency confirmed a first estimate issued last month that closely echoed economists' forecasts of 0.6 percent quarterly growth and an annual contraction of 4.7 percent according to a consensus compiled by... Read Full Story
The Federal Reserve has expanded the field of credit rating agencies that determine the eligibility of securities pledged for loans in a government program aimed at sparking more consumer and business lending. The Fed on Friday announced it had adopted a rule allowing rating agencies that have registered with the Securities and Exchange Commission and that have experience with the securities being rated to participate in the Term Asset-Backed Securities Loan Facility. The move is intended to... Read Full Story
The IMF has approved a 92.5-million-dollar bailout package to help the Maldives weather the global financial crisis, the international lender announced Saturday. The Indian Ocean nation's economy has been hard hit by a fall in tourism, lower fish exports and a drop in capital inflows, the International Monetary Fund (IMF) said in statement released in the Sri Lankan capital Colombo. "The programme aims to rebuild international reserves to prudent levels," IMF deputy managing director... Read Full Story
The Government National Mortgage Association (GNMA) announced that it guaranteed more than $35.5 billion in mortgage-backed securities (MBS) in November. For the first 11 months of calendar 2009, Ginnie Mae provided nearly $407 billion of liquidity to the secondary market, compared to $246 billion for the first 11 months of 2008 said a statement.
"The strength of the Ginnie Mae MBS, coupled with the lower delinquency rates of the loans bundled into our securities, continues to play an... Read Full Story
The IMF has approved a 92.5-million-dollar bailout package to help the Maldives weather the global financial crisis, the international lender announced Saturday. The Indian Ocean nation's economy has been hard hit by a fall in tourism, lower fish exports and a drop in capital inflows, the International Monetary Fund (IMF) said in statement released in the Sri Lankan capital Colombo. "The programme aims to rebuild international reserves to prudent levels," IMF deputy managing director... Read Full Story
The debt snowball is a style of self managed debt aid, a means to finally get free of your debt. Sure, it is doable - and you can practically indeed do it, however much you owe.
The first thing to do is confess that your debt is not going to vanish overnight. It most likely took a number of years to accumulate up and it will positively take months, perhaps years, to work off. Cease thinking about winning the lottery. If you want to get out of debt you have to develop fortitude and force... Read Full Story
During economy tough times, people in debt are usually stressful. In order to have a peaceful mind in life, looking for a reliable debt settlement company to assist in solving debt problems will be a wiser choice. In order to go through the settlement process successfully without causing negative impact on your credit score, you are advised to look for reputable service providers which are sincere in offering trustworthy consultation and quality services.
In United States, there are a few... Read Full Story
Source: Rules Governing Credit Card Debt Forgiveness
To fully understand the nature of credit card debt forgiveness, you must also determine or identify the laws surrounding it. An individual who has walked into the tangles of credit card debt may have been thinking of ways to settle the account so he can free himself of the financial burden. Or he already got in touch with a creditor and had his debt actually settled.
It is a fact that settling a debt can really take the strain off the... Read Full Story
