Recent Posts
- A New Regulatory Agency for Consumers
The Senate Banking Committee just released a financial reform bill in the hopes it will help Americans avoid another financial recession. One of the more interesting provisions of the bill is the implementation of a Consumer financial Protection Bureau. This proposed agency will create rules and regulations for financial entities - bank accounts, home loans, and more.
Current financial regulatory agencies are more favorable to the industry...
- Beware...Consumer Credit May Be About to Get More Expensive
Most people understand the recent recession was a consequence of two primary factors. The first factor was risk-taking by banks that invested heavily in the sub-prime mortgage market. The second factor was easy credit. Consumers who really should not have been able to qualify for mortgages were able to take out loans because credit was fast and easy.
When the housing market fell and prices declined, those cheap loans suddenly looked expens...