- If you’re a poor person in America, Trump’s budget is not for you. Trump has unveiled a budget that would slash or abolish programs that have provided low-income Americans with help on virtually all fronts, including affordable housing, banking, weatherizing homes, job training, paying home heating oil bills,…
- 13 mortgage facts that might surprise you. A little shopping around can yield very different rates: You might assume that the current average interest rate is what you'll be offered, but that's not true. Different lenders will offer different rates. Paying $100…
- Your credit score might suddenly rise this summer. Here's why. The nation’s three major credit reporting companies — Equifax, Experian and TransUnion — use information from public records about tax liens, civil judgments and bankruptcies when computing people’s credit scores. But sometimes there are mix-ups,…
- Washingtonians brace for Trump’s budget proposals. Washingtonians are beginning to worry that President Trump might do what wars, peace, recessions and government shutdowns could not: upend the historically stable regional economy.
- How the Fed rate hike will affect borrowers and savers. If you're a borrower, you're going to pay, and if you're a saver, you're not going to get paid — such is the nature of interest rate hikes. With the Federal Reserve set to raise…
- Turned down for a job? You are one rejection closer to success. Get comfortable with “No.” Kids will keep asking for things no matter how many times they hear a “no.” Adult job-seekers should take a page from those children. Reflect on your interviews. Take a hard…
- Consumer protections at risk (Consumer Action highlights recent consumer gains now in the cross hairs). Consumer Action News reviews many of the gains made in recent months to protect consumers’ personal safety, online privacy, dispute resolution rights and more. However, many of these critical consumer protections are in danger of disappearing under a new administration and GOP-controlled Congress.
- Many mortgage applicants will get a surprise boost in their credit scores. It could be a boon for some homebuyers - their credit scores will get a surprise boost - but worrisome for mortgage lenders, landlords and others who depend on credit reports to evaluate their potential…
- Rules at Risk (Spring 2017). Much progress has been achieved for American consumers in recent years. But many of these protections are now at risk of repeal.
- Cities where you’ll save the most by moving in with a roommate. Sure, there may be things about having a roommate that can get on your nerves — dealing with dirty dishes in the sink or someone else’s hair in the bathroom. But the financial benefits of having a…
- Leashes come off Wall Street. Dozens of federal rules protecting consumers, the environment and more could be eliminated in the coming weeks. The move represents one of the most significant shifts in regulatory policy in recent decades. It is the…
- Are you saving enough for retirement?. There is great concern that a lot of people aren’t saving enough for retirement.
- Trump's Wall St. plan problem: Banks more profitable than ever. The banking industry has cheered President Trump’s promise to roll back regulations put in place after the financial crisis to rein in Wall Street. But the industry’s record-setting profits complicate the arguments for rolling back…
- Connected homes and cars can be difficult for new buyers to un-plug. It seems that smart products aren't quite smart enough to disconnect from the original owner when they're sold. IBM X-Force Red has identified four major auto makers (they won't say which ones) with connected car…
- Many borrowers say the mortgage process is a major pain. At a time of super-strict underwriting standards, record-high credit-score requirements and hard-wired debt-to-income cutoffs, has the process of applying and qualifying gone a little over the top? Many applicants and borrowers apparently think so. Two…
- Consumer Action INSIDER - March 2017. The March 2017 issue of Consumer Action's monthly newsletter teaches you how to understand your credit score better; updates you on a new study on how communities are pushing back against payday lending; details our latest financial counseling webinar (co-hosted with FICO); outlines recent California legislation impacting consumer privacy and more.
- Little credit history? Lenders are taking a new look at you. About 45 million Americans lack traditional credit files, and the federal government is looking into whether alternative credit scoring models could bring more of these consumers into the financial mainstream. The Consumer Financial Protection Bureau…
- Score one for the bank whistle-blowers. Here is something to celebrate: The United States Supreme Court just handed whistle-blowers one of their bigger wins in a long time. The Supreme Court essentially confirmed that some courts have been using too narrow…
- Las nuevas hipotecas inversas son más seguras, pero siguen siendo una opción costosa. Querida Liz: Si nunca has escrito sobre las nuevas hipotecas inversas, por favor considéralo. Tengo casi 90 años y esta hipoteca de conversión del patrimonio del hogar (HECM, por sus siglas en inglés) suena demasiado…
- For millennials ready to buy a home, pickings are slim. Low housing inventory, especially for starter homes, is one factor.
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