CreditCardCo News - Author: Scott Townsend
scott (96 Posts)
Scott Townsend is a financial planner who has shared his time and talents with many individuals as well as organizations. His passion is in teaching others how to manage their finances wisely. He also teaches people how to create wealth and properly prepare for retirement. His knowledge on properly managing debt has helped a lot of people to free themselves from the burdens of credit card debt. Also at: Credit Card Blog.
Guns, Credit, 2nd Amend & Victims: GE Capital Bails
It’s a tough quagmire and surprisingly, it would appear some companies are actually bailing on the opportunity to turn a profit in lieu of the human condition. GE Capital is just one more lender that says it’s out of the …
More Cyberattacks on Banks, Change is Overdue
Several months ago, there began an extensive and exhausting assault levied against American banks. These denial of service attacks proved frustrating and overwhelming not only for banks, but for consumers who were often greeted with a message stating they would …
And There it is: Credit Bureaus the Weak Link
All week, we’ve been wondering if perhaps it wasn’t the credit bureaus that were the weak link for hackers who’ve hit pay dirt with politicians, including Vice President Joe Biden and First Lady Michelle Obama, along with celebrities such as …
Considering Tax Refund Loan? Expect High Fees
Millions of Americans, unable to practice patience, are either considering or already opted for a rapid refund loan. What makes this year different is the high fees that folks are paying. You need to know about these fees before you …
How Sequesters Could Hurt You Financially
For weeks now, we’ve all heard about the ongoing threats between the Obama Administration and the Republicans. We were glad to see those pesky two words, “fiscal cliff” fall to the wayside after the first of the year but the …
Financial Stability Oversight Council Days Numbered?
The summer of 2010 was a big one for the Obama presidency. He signed into law one of the most confusing and controversial financial laws that the country has seen.
Economy Shrinks, Why Do Some Believe U.S. is in Recovery?
In what some find surprising, news broke on Wednesday that the U.S. economy shrank late last year. Others, however, are saying they’re not at all surprised and say it was just a matter of time since there’s so much upheaval …
CFPB New Ability to Repay Rule
The Consumer Financial Protection Bureau (CFPB) has been promising changes in the way mortgages are written in this country and as promised, it’s now delivered what it refers to as the Ability to Repay Rule. The goal was simple: to …
3 Face Charges for Targeting Bank Accounts
Prosecutors in the U.S. charged three foreign nationals on Wednesday and allegations include targeting and distributing viruses that infected 1 million computers around the globe; 40,000 of which were in the U.S.
New Compliance Rules Mean Safer Mortgages
It’s been a long time in the making, but it looks as though the federal government has finally found a way to redefine mortgage guidelines in this country. It is unveiling new mortgage rules on Thursday and the goal is …
Fiscal Cliff: Cure Worse Than Disease?
For months, we’ve heard that finding a solution to the fiscal crisis was absolutely crucial for our very survival and just as importantly, we heard time and again that it had to be done by midnight, December 31st.
Wells Fargo, Gallup: Small Business Won’t Invest in 2013
Traditionally, the mindsets of small business owners in the U.S. are indicative of the collective nation. If small business owners are confident enough to begin hiring, it’s usually a sign of good and improving things in the financial sector; if …

