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Lawmaker is working to improve loan modifications (AP)
AP - A key lawmaker is working with banks, regulators and the Obama administration on a new way to boost the government's struggling foreclosure prevention effort by encouraging banks to reduce the total amount borrowers owe.
 
Is Bank of America a Buy? (The Motley Fool)
The Motley Fool - With the recent auction of Treasury's Bank of America (NYSE: BAC - News) warrants, the big bank joins Goldman Sachs (NYSE: GS - News), Morgan Stanley (NYSE: MS - News), and several other banks in completing its exit from TARP. But, is it a buy?
 
Treasury restates support for Fannie, Freddie (AP)
AP - The Treasury Department was forced Friday to reiterate its financial support for Fannie Mae and Freddie Mac after a key lawmaker rattled investors by pointing out that their debt does not enjoy the explicit guarantee of the federal government.
 
MetLife seals Alico deal after two-year quest (Reuters)

A statue stands atop Grand Central Station in front of the MetLife building in New York, October 8, 2008. REUTERS/Lucas JacksonReuters - MetLife Inc pursued AIG's foreign life insurance business for two years before finally clinching a $15.5 billion purchase that will give it beachheads in 47 nations from Peru to Bangladesh.



 
Wall St rallies on jobs data, consumer credit (Reuters)

Traders work on the floor of the New York Stock Exchange, February 18, 2010. REUTERS/Brendan McDermidReuters - Stocks jumped and the Nasdaq hit an 18-month closing high on Friday as U.S. employers cut fewer jobs than expected last month and consumers showed signs of shedding their penny-pinching ways.



 

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A Prepaid Card is Not a Credit Card
We've all experienced the temptation of those spur-of-the-moment purchases. If you have a credit card the thought of being able to pay for that must have item in small amounts over the coming months may make it easy to give into the temptation. Is it a sad fact though, that overuse of credit can lead to spiraling debt and the many problems that that can bring.
 
Managing Your Finances With a Prepay Credit Card
Don't like the idea of carrying lots of cash around with you? Even less comfortable with a standard credit card in your pocket due to the risk that you'll get carried away spending more than you can afford?
 
Credit Repair in a Large Company
Large companies are usually very difficult areas, especially if you need to manage the financial part of the company. When it comes to taking care of financial issues there is usually a large team of employees that are sent to investigate and report to the owner. Credit repair is in the same league because a large company has many credits and many credit problems as a result. Now, the problem with this is the fact that there are too many problems for a single person to handle and not the difficulty level. This is why you will need to look for the credit repair services of a specialized company.
 
Explaining Proper Credit Card Usage
One of the most obvious benefits of credit cards is that they can be used convenient purchases that you do not need to pay for until the next month after the items were bought. Additionally, they may also be used as an identification when applying for major purchases such as when renting or buying a car. However, that is not how it usually commonly.
 
What is Your Credit Worth in Today's Economy?
Many people struggle and fight all their lives to maintain that perfect credit score. Unfortunately for many, this approach just may land them in the poor house slowly.
 
The Truth About Cash Advances
One notable feature of credit cards is they have access to cash advances from the cardholder's line credit to his card. Cardholders can go to any ATMs and use their card to make credit cash advance much like a traditional debit card. Of course, this might seen like an incredible option because there will come moments where cash are better than plastic.
 

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