An activist New Jersey pastor is launching a national effort against one of the most predatory lending products: payday loans.
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Bernie Foster's Speech at the 26th Annual Martin Luther King Jr. Breakfast Read the complete article
I grew up listening to the news on radio, watching it on TV, and reading it in the paper (and in magazines). I have found myself increasingly weary of mainstream news, however. It is an odd feeling. My political beliefs have always led me to question the mainstream news sources but I would still make a point of watching network news programs. Over time something happened. Read the complete article
Near the end of the Alabama- LSU National Championship game, I looked at All-American and Heisman Trophy finalist Tyrann Mathieu sitting forlornly and lonely on the bench, and wondered whether he knew that his “Honey Badger” nickname was a specialty drink - a Jack Daniels honey brew reportedly infused into a new beer product. At that moment, it was quite likely being slurped in both LSU’s home town of Baton Rouge and New Orleans, the site of the game. Read the complete article
The unemployment rate is falling for the third month in a row, and in December about 200,000 private sector jobs were created. The monthly unemployment report from the Bureau of Labor Statistics indicated that unemployment has declined by six tenths of a percentage point since August. Already, some economists are saying we can expect another decline next month. Read the complete article
With a director in place, CFPB can now take on oversight of payday lenders, mortgage companies and credit bureaus, writes rules for the non-banking industry, and becomes the consumer’s voice in financial services regulation. Last year in late July, CFPB began ongoing monitoring and regulating of large depository banks. Read the complete article
It’s a pickle the former underperforming Pennsylvania Senator has been in before. Perhaps afraid of repeating past electoral mistakes (flashbacking in cold sweats to his 18 point loss in 2006 to current Sen. Bob Casey), Rick Santorum appears to fall back on race as a way to gain tactical advantage in the Republican presidential primaries. Read the complete article
Most Americans have been enjoying the holiday haze since House Speaker John Boehner (R-OH) folded and allowed the two-month extension of unemployment insurance and the Social Security tax cut, and other key matters. Indeed, if the French take the month of August off by law, we almost do the same in the period between Christmas and New Year. Except for retail establishments that support the great American pastime – shopping – few businesses got substantive work done in the last week. Read the complete article
When it comes to financial matters, now is a perfect time to also assess lending habits and ways to develop greater financial security. Read the complete article
Michael Jordan is a man who went out, worked hard, sacrificed, stayed dedicated and reaped the results of those actions. But what about us? Do we care about hard work? Do we respect dedication? Do we even understand what sacrifice is anymore? Read the complete article
