President Obama took a bold and important step this week, standing up for student consumers by making a recess appointment of former Ohio Attorney General Richard Cordray to head the new Consumer Financial Protection Bureau (CFPB) . The president’s action means that the CFPB now has all its powers to protect students from unfair financial practices that pile on student debt, including lenders    .. more …

When opting for a personal loan after bankruptcy it becomes all the more important for the borrower to do their homework well. It is of extreme importance to compare various lenders and loan options before making an application. However, moneyeverything.com can help with everything related to bankruptcy and personal loans. Besides providing an excellent comparison service, the site can also offer    .. more …

The loss of that tax deduction – plus mandatory new fees imposed by Congress on all new conventional and FHA loans – could effectively increase the costs of homeownership this year.The change in the law took effect Jan. 1 along with the expiration of 58 other tax code benefits that Congress failed to renew, such as credits for home energy improvements, credits for builders of energy-efficient    .. more …

CONOR POPE, Consumer Affairs CorrespondentTHE COST of borrowing could rise significantly once the Personal Insolvency Bill becomes law as financial institutions price in the risk of more people being able to walk away from unsecured loans.While the introduction of the legislation, which Minister for Justice Alan Shatter described as the “most radical reform of insolvency law since the foundation    .. more …

Payday loans are relatively small, short-term, unsecured, consumer loans. Consumers apply for payday loans through the Internet, with loans ranging from $100-$1500. If approved, the loan amount is then deposited into the applicant’s checking account the next day. Applying online for a payday loan is quick and easy and offers several advantages over applying at a traditional payday loan or check    .. more …

Changes to the Pell Grant will place time limits on grant recipients. Dating back to nearly four decades ago, the Basic Education Opportunity Grant, later renamed the Pell Grant, was created to help provide federal financial assistance to those who otherwise wouldn’t be able to afford higher education.Named after the late U.S. Senator Claiborne Pell from Rhode Island, the Pell Grant has awarded    .. more …

That organization is the Neighborhood Assistance Corporation of America. Its CEO, Bruce Marks, is a man who calls himself a “nonviolent bank terrorist” in an interview despite the fact that the organization actually works with banks to assist homeowners seeking loan modifications. Marks asserted that NACA can accelerate the loan modification process by helping homeowners gather the necessary    .. more …