February 2010 Archives

Financial reform bill hangs on consumer protection

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Washington Post

Financial reform bill hangs on consumer protection

By Brady Dennis and Binyamin Appelbaum

February 26, 2010

 

Liberal senators and advocacy groups cautioned Thursday that they would not support a compromise on financial reform legislation unless it sufficiently empowered a proposed federal regulator to protect consumers of mortgages, credit cards and other loans.

Washington Post

Direct student loans: A better way to invest in education

Opinion by Arne Duncan

February 26, 2010

 

For too long, bankers have gotten a free ride from the U.S. Department of Education.

 

Under current law, taxpayers provide as much as $9 billion each year to subsidize guaranteed student loans issued by banks. The banks earn profits on the interest; if students default, taxpayers take the loss, not the banks. In other words, working Americans pay while bankers get rich.

Washington Post

Direct student loans: A better way to invest in education

Opinion by Arne Duncan

February 26, 2010

 

For too long, bankers have gotten a free ride from the U.S. Department of Education.

 

Under current law, taxpayers provide as much as $9 billion each year to subsidize guaranteed student loans issued by banks. The banks earn profits on the interest; if students default, taxpayers take the loss, not the banks. In other words, working Americans pay while bankers get rich.

Walla Walla Union-Bulletin (Washington)

Financial education a foundation to build on: Getting more people into the financial mainstream helps build a secure future, a local advocate says.

By Sheila Hagar

February 24, 2010

 

Feb. 24 -- "An ability to understand finance. More specifically, it refers to an individual's ability to make informed judgements and effective decisions about the use and management of their money." -- Wikipedia

States News Service

Kennedy Introduces Bipartisan Legislation to Invest in Children

February 24, 2010

 

The following information was released by the office of Rhode Island Rep. Patrick Kennedy:

Today, Congressman Patrick J. Kennedy (D-RI) introduced bipartisan legislation that will encourage savings, promote financial literacy, and expand opportunities for young adults. Joined by Rep. Thomas Petri (R-WI) and Jim Cooper (D-TN), the America Saving for Personal Investment, Retirement, and Education (ASPIRE) Act will create a Lifetime Savings Account (LSA) for every newborn child in America.

A snapshot of income disparity

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Los Angeles Times

By: Tim Rutten

February 24, 2010

 

New data from 2007 show a widening income gap before the recession. And figures from Los Angeles County paint an even darker picture.

The Washington Post

By: Ian Shapira

February 24, 2010

 

More than one-third of the millennial generation -- the tech-savvy group ages 18 to 29 -- is unemployed or out of the workforce, the highest share among this age group in more than three decades, according to a new report by the Pew Research Center.

The Ithaca Journal

By: Teri Reinemann

February 19, 2010

 

It's tax time. And, for working people with disabilities, there is something to be happy about. It's called the Earned Income Tax Credit.

How America can create jobs

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Christian Science Monitor

By: Mark Trumbull

February 22, 2010

 

The nation's entrepreneurial prowess may be the best hope to stem 9.7 percent unemployment. Companies from a laser-tech firm to a baby-sitting network are harnessing new ideas - and helping reinvent the economy.

It's America Saves Week, so why aren't you saving?

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WalletPop

By: Martha C. White

February 22, 2010

 

It's officially America Saves Week, but according to the National Foundation for Credit Counseling (NFCC), far too many Americans aren't saving, and they're placing themselves at risk for a downward spiral of debt.

Economists: Recovery is firmly on track

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CNN

By: Chavon Sutton

February 22, 2010

 

NEW YORK (CNNMoney.com) -- Leading economists are upbeat about the U.S. recovery, forecasting steady growth over the next two years as businesses grow and jobs return, according to a survey released Monday.

How credit card reforms will affect you

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USA TODAY

By: Sandra Block

February 21, 2010

 

Americans have a complicated relationship with credit cards.

San Jose Mercury News

By: Sharon Noguchi

February 19, 2010

 

In San Jose's Santee neighborhood, a horrific beating near Kelley Park witnessed by middle school students last year has become this community's enough-is-enough moment: It galvanized leaders to tackle an ambitious vision to inoculate families and children in one of the roughest sections of town against the scourge of poverty and violence.

Young can benefit from a Roth IRA

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The Washington Post

By: Dave Carpenter

February 21, 2010

 

CHICAGO -- Saving for a teenager's retirement might sound far-fetched to parent and child alike, especially with college costs looming. Who's got time or money to be planning for the 2060s?

U.S. approves settlement for black farmers

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The Washington Post

By: Carrie Johnson

February 19, 2010

 

The Obama administration announced a $1.25 billion settlement Thursday to resolve charges by thousands of black farmers who say that for decades the Agriculture Department discriminated against them in loan programs.

Administration to provide more aid to homeowners

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The Washington Post

By: Renae Merle and Michael D. Shear

February 19, 2010

 

LAS VEGAS -- President Obama will announce a plan Friday to direct $1.5 billion in taxpayer money to five state housing finance agencies to help them develop new programs for addressing the housing crisis in their communities, according to a senior administration official.

Banks: We'll give you money to save money

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CNN

By: Jennifer Liberto

February 18, 2010

 

Millions of low and middle-income Americans don't have a savings account, but a group of large banks and consumer advocates kicked off an effort Thursday to change that.

The Washington Post

By: Maryann Haggerty

February 13, 2010

 

They won't get granite kitchen counters or exotic hardwood floors, but nine Northern Virginia families are about to become condominium owners.

Restored 401(k) matches point to an economic thaw

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The Washington Post

By: Michelle Singletary

February 18, 2010

 

People are always looking for signs that things are going to get better, or at least a reliable indicator that any misery they're experiencing will eventually end.

Wealth Gap for Schools in New Jersey Is the Highest

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The New York Times

By: Winnie Hu

February 18, 2010

 

Nearly one in five public schools in New Jersey has almost no poor students, the highest percentage of any state, according to a new report.

Triangle Business Journal

By: Lee Weisbecker

February 16, 2010

 

The Raleigh-based State Employees' Credit Union is partnering with the River City Community Development Corp., an Elizabeth City nonprofit, in a project aimed at helping working, low-income families save to buy a home.

Earned-income credit boosts low-income workers

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The Detroit News

By Brian J. O'Connor

February 16, 2010

 

Michiganians struggling to just get by in this dismal economy are getting a helping hand from an unlikely source: the tax man.

San Antonio Express

Opinion by Carlos I. Uresti

February 18, 2010

 

Being successful in life means setting priorities, making good decisions and taking advantage of opportunities when they come along.

Fox Business News

Do non-English-speakers have a chance in today's banking system?

By Marcia Frellick

February 16, 2010

 

CreditCards.com If English isn't your first language, the slew of credit card reforms that kick in Feb. 22 may be just more confusing information to sort through in your struggle to build a solid financial future.

Microlender Accion USA Avoids 'Antipoverty' Pitch

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American Banker 

By: Maria Aspan

February 10, 2010

 

As the head of one of the nation's largest microlenders, Gina Harman is leading the charge to expand the availability of credit to underserved communities in this country.

Lost money? Score a whopping tax refund

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CNN

By: Catherine Clifford

February 16, 2010

 

Sick of sending big checks to the IRS? For some business owners, this tax season will bring a rare reversal: A stimulus-fueled tax change is putting cash back into the pockets of qualifying entrepreneurs.

The 401(k) match is back!

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CNN

By: Chavon Sutton

February 8, 2010

 

Employees who took a hit on their savings last year might finally be in for some welcome news: Companies are stepping up efforts to help them save more for retirement.

The Boston Globe

By: John M Guilfoil

February 3, 2010

 

Staring at his computer screen from a swivel chair in a cubicle, Harmin Linares looked every bit the technology professional, right down to his navy blue cardigan and matching slacks.

Obama Rolls Out Small Business Lending Program

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The Wall Street Journal

By: Elizabeth Williamson

February 2, 2010

 

NASHUA, NH--President Barack Obama rolled out a $30 billion small business lending program Tuesday, as the White House tried to make congressional passage of its jobs initiatives a test of Republican commitment to bolstering the weak economy.

Let's freeze more than chump change

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The Washington Post

By: Len Burman

February 2, 2010

 

President Obama has proposed to freeze most domestic discretionary spending -- a step in the right direction, but not enough. The $250 billion in expected savings over the next decade is chump change compared with deficits that could top $10 trillion if policy doesn't change.

Asset-Based Lending Grows in Popularity

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The Wall Street Journal

By: Kyle Stock

February 2, 2010

 

'Last-Resort' Finance Option Gains Ground as Traditional Sources of Capital Dry Up; Cashing in on 'Crimson Tide'

Obama's budget: Impact on your taxes

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CNN

By: Jeanne Sahadi

February 2, 2010

 

NEW YORK (CNNMoney.com) -- President Obama, in his proposed 2011 budget, is calling on Congress to make a number of tax changes for individuals.

Credit Union Times

By: David Morrison

February 1, 2010

 

A review of budget documents suggests the Obama Administration is seeking a $250 million allocation for the U.S. Treasury Department's Community Development Financial Institutions Fund for fiscal year 2011.

Budget: Higher SBA Funding, Loan Cap

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American Banker

By: Kate Davidson and Chris Dieterich

February 2, 2010

 

President Obama's fiscal 2011 budget proposal would provide $994 million for the Small Business Administration, a 21% increase over the 2010 enacted level.

The Places They Go When Banks Say No

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The New York Times

By: Andrew Martin

January 30, 2010

 

IN the glory days of the digital photo frame business, when his products were still a novelty and shoppers were flush with cash, getting a bank loan to manufacture them was a cinch, Michael Levy says.

Smaller Banks Don't Need $30 Billion From U.S.

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The New York Times

By: Rob Cox and Rolfe Winkler

February 1, 2010

 

President Obama's speeches suggest he doesn't dislike all banks, just the big ones.

401(k)s for Solo Businesses

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The Wall Street Journal

By: Jane Hodges

February 1, 2010

 

One-person companies can have the same type of retirement plan common at large corporate employers. And Roth 401(k)s are an option, too.

The Boston Globe

By: Gina Harman and Jim Koch

February 1, 2010

 

`JOBS MUST be our number one focus in 2010,'' President Obama said last week in his State of the Union address.

Retirement-Savings Rewind

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The Wall Street Journal

By: Robert Powell

January 30, 2010

 

Obama's Plan Seen as Going Only So Far in Offering Workplace-Based Initiatives

AARP

By: Linda Stern

January 29, 2010

 

Breaks for caregivers, parents of college students, retirement savers

About this Archive

This page is an archive of entries from February 2010 listed from newest to oldest.

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