A father and son duo from Ohio, whose credit card debt relief scheme caused consumers to lose more than $2 million, have been sentenced to the maximum federal prison terms offered as part of their plea bargain (more…)

Popularity: 5% [?]

If you’re facing eviction or foreclosure or if you’ve already been evicted or lost your home to foreclosure, you’re not alone, and you could soon get government aid thanks to a new program created under the American Recovery and Reinvestment Act. (more…)

Popularity: 5% [?]

Gov. Arnold Schwarzenegger has signed into law a 90-day moratorium on California home foreclosures as a trailer to the recently approved state budget, but a loophole that’s built into the legislation would, in effect, negate the moratorium’s purpose — to slow home foreclosures in the state, according to the San Francisco Chronicle (more…)

Popularity: 3% [?]

While its competitors are raising interest rates and slashing credit lines, American Express is offering certain cardholders $300 to pay up and take their business elsewhere. (more…)

Popularity: 5% [?]

Consumers are hurting. Already battered by tightened access to credit, rising unemployment, and unaffordable mortgage payments, consumers are also contending with soaring credit card interest rates and fees. (more…)

Popularity: 3% [?]

President Obama announced today a $75 billion foreclosure prevention plan that offers subsidy incentives to lenders who modify mortgage loans for troubled homeowners facing foreclosure and offers payment incentives to homeowners who make an effort to stay current on their modified mortgages, CNNMoney reports (more…)

Popularity: 10% [?]

Americans may want to mark Feb. 14 on their calendars for a reason besides Valentine’s Day; it’s the last day consumers will be able to access their FICO credit scores on myFICO.com with Experian credit data included, The New York Times reports (more…)

Popularity: 8% [?]

Payments processor Heartland Payment Systems Inc. – which processes more than 100 million debit and credit transactions per month – is facing two class-action lawsuits seeking financial compensation for U.S. consumers whose credit or debit card information was stolen during a large-scale breach of the payment processor’s data system late last year. (more…)

Popularity: 4% [?]

A recent report from the U.S. Commerce Department shows that recent changes in consumer spending and saving habits — a decline in household debt and a rise in household savings — may become the behavioral norm for American consumers. (more…)

Popularity: 4% [?]

More Americans are struggling to pay off their medical bills as they continue to lose their jobs, along with their health insurance, to a worsening economy, and as scaled-back health care contributions from employers make a bigger dent in the personal finances of those consumers who still have their jobs. (more…)

Popularity: 6% [?]