While there are 25 foreclosure mediation programs in 14 states across the country, some now believe they may not be as helpful to troubled homeowners as they were planned to be, according to a report from MSNBC. In Maryland, for example, just 56 successful home loan modifications were granted to consumers through the state’s mediation [...]

New credit score disclosure rules issued by the Federal Reserve Board and the Federal Trade Commission (in association with the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act) go into effect today requiring lenders to provide borrowers with their credit scores if they are denied credit or offered less favorable terms because of those [...]

At long last, the Consumer Financial Protection Bureau launches officially this week. Unfortunately, so far it seems that what happens on Thursday, July 21st could be more of a lurch than a launch. As has been rumored over the past few weeks, President Obama bypassed the chief architect and advocate of the Bureau, Elizabeth Warren, [...]

So you’ve gotten your free credit score, and you think you’re set. Now you know exactly where you stand, and you know what the credit card companies and banks are thinking about you when you apply for a loan. Right? Um, actually, no. In most cases, the credit score we consumers will soon see will [...]

Governmental agencies such as the CIA, FDA, and EPA are familiar to most of us, and we have a general understanding of their focus.  But how many of you have heard about the CFPB?  If you are not currently familiar with the CFPB, don’t worry—you will likely soon be, as it will touch all of [...]

Today’s top news headlines features the top cities with the most millionaires and reasons layoffs may begin to rise again. Plus, discover the most effective way to find a trustworthy financial professional. Experts Say More Layoffs Possible The Huffington Post Economic stagnation has prompted many employers to impose hiring freezes, but experts say some may [...]

In this series, Underwater on Your Home? I describe six possible options available to you if you are underwater on your home. This is part five of the series. Option #5: Walk Away / Foreclosure One in every 605 homes received a foreclosure filing notice in May 2011, says RealtyTrac. In some cases, homeowners struggle [...]