Lending Still Tight For Small Businesses Despite TARP Paybacks

Banks and lending institutions are still making it difficult for small businesses to get loans on needed money for expansion and other necessary business expenses. This is despite continued efforts by the Obama administration to revive the small business credit market. Read Another $1 billion in...

Cashin’ In On The Homebuyers Tax Credit

You may have heard the news that the homebuyers tax credit that was meant to help stimulate the economy has been extended and now it will not only include just the new home buyers but also current homeowners looking to trade up. For a complete...

Delinquencies and New Debt Both Down

Delinquency rates on consumer debt is falling as fewer Americans are falling behind on their debt compared to prior to and earlier on in the current recession. But in good news for consumers and bad news for lenders and credit card companies, they are also...

New Spending For Jobs And Economy

In a move that is sure to bring about sharp criticism from the Republicans and Conservative Right, President Obama has outlined a new multibillion stimulus and jobs proposal in an attempt to revive the economy and put Americans back to work. The package includes new...

Retirees Rescueing Real Estate

The real estate market is being helped from an unlikely source, retirees. While older Americans have long been a factor in the real estate market, the year 2008 saw an increase of 13% more older Americans buying homes than in the year 2001. See this interesting...

Visa Revenues Up

Visa, Inc. has reported that second-quarter profits increased 33% over last year as the U.S. credit card spending has climbed for the first time in over a year. Net income for the first 3 months of 2010 was $713 million or 96 cents a share...

Fintech Alternatives to Traditional Banking

fintech banking
Since time immemorial, there has been a novice attempt at breaking conventions, culminating in debates and comparisons. The traditional and the revolutionary have both survived the tests of time, giving man reason enough to ponder over which is better. The same applies to the...

Defaults Down, Delinquencies Up

Credit cards companies in the United States say that during the month of October defaults on credit cards were down yet the news is not all good as delinquencies (late payments) were up. Earlier this year there was a drop in delinquencies that can be...