Vision Credit Education, Inc.

The Commerce Department released the third quarter Gross Domestic Product (GDP), indicating a drop in output unrivaled since 2001. This is a big sign that our recession may be officially here. Read the rest of this entry »

In a move that is heralded as the “template for regional bank takeovers,” PNC Financial Services Group Inc. will become the fifth-largest U.S. Bank (based on deposits). National City Corp. was under some pressure to find a buyer, since it was to be left out of the government bailout. PNC received $7.7 billion in government proceeds to allow it to complete the takeover. Read the rest of this entry »

Texas Attorney General Greg Abbott has charged a Dallas debt collection firm with violations of the Fair Debt Collection Practices Act. This enforcement action is in response to 75 complaints filed with the AG office, as well as 72 complaints registered with the Better Business Bureau. Read the rest of this entry »

The NC legislature unanimously passed HB 2188, which becomes effective October 1, 2008 following Governor Easley’s signature. This bill protects unsuspecting consumers from rogue behaviors of mortgage brokers. Read the rest of this entry »

Many credit card companies still include many transaction fees into the minimum payment calculation. This means a balance transfer could cause your minimum payment to skyrocket for 1 month, thereby jeopardizing your ability to remain current. Now Citi is making a change. Read the rest of this entry »