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EverBank to Pay $37M to Borrowers Under ‘Foreclosure Review’ Deal 26 Aug 2013 | 07:40 pm
Federal regulators said EverBank has agreed to pay $37 million in cash payments to more than 32,000 eligible mortgage borrowers after the Jacksonville, Florida-based lender effectively ended its part ...
Fidelity Study: Big Jump in 529 College Savings Accounts 25 Aug 2013 | 10:21 pm
There was a 22 percent increase in the number of new 529 college savings accounts opened during the first half of 2013, compared with accounts opened during the same time frame last year, according to...
Credit Card Customers Lack Full Grasp of Terms, Rewards 25 Aug 2013 | 02:31 am
More credit card consumers say they do not fully understand their card’s terms, benefits and rewards program, J.D. Power found in its latest study of customer satisfaction. The study found that custo...
Obama: Set 10% Payment Cap to Help Students with Loan Debt 24 Aug 2013 | 10:32 pm
President Obama toured the country promoting a multi-tiered plan to improve college affordability, including helping students better manage their loan debt. Although creating a new ranking system to ...
Auto Sales in August May Hit 7-Year High: J.D. Power 24 Aug 2013 | 08:52 pm
The sales pace of new cars and light trucks isn’t down-shifting anytime soon — quite the opposite. Vehicle sales in August may hit their highest mark for any month in seven years, according to a mont...
Pause or Reversal? New-Home Sales Plunge on Higher Rates 23 Aug 2013 | 11:27 pm
Builders are calling it a “pause” in the housing recovery, but it’s hard to even partially dismiss a plunge of 13.4 percent in newly built, single-family homes in July as reported by HUD and the U.S. ...
Consumers Can Revoke Consent to Cell Phone Robocalls, Court Rules 23 Aug 2013 | 07:41 pm
Consumers seem to have won a victory over “robocalls” after an appellate court ruled that individuals have the right to revoke consent to being contacted — by voice or text — on their cell phones via ...
Access to Credit Helps Drive Small Biz Optimism to 5-Year High 23 Aug 2013 | 06:31 am
Small business optimism hit a five-year high, driven partly by a more positive outlook on credit availability, according to the latest Wells Fargo/Gallup Small Business Index. The index climbed 9 poi...
Banks Report $51B in Mortgage Settlement Relief, Monitor Says 23 Aug 2013 | 04:47 am
Five of the biggest U.S. banks have reported $51.33 billion in mortgage modifications and other foreclosure-prevention measures through June 30th under the landmark settlement reached last year. Jose...
Household Income Down by 4.4% Post-Recession; Median $52,098 23 Aug 2013 | 01:36 am
As of June 2013, U.S. median household income had recovered somewhat from its low point in August 2011 — from $50,722 to $52,098 (seasonally adjusted), according to a new report from Sentier Research...
