Finance
Extensive report covers a decade of payday financing data
Politicians have been batting around the issue of payday lending. Consumer Focus released a study saying the number of pay day loans borrowed in the United Kingdom has quadrupled in the last four years. Legislation that limits percentage rates and loan terms has been passed in Montana, Ohio, Arizona, and other states. If the United ...
Federal mortgage mods half as likely as bank loan refinancing to result in default
A federal loan modification program is likely to be less successful than a bank loan refinancing is. A government program lets only certain individuals get a mortgage refinancing via them. However a good idea it seemed, the program has been less successful than hoped. There are lots of offers from banks to customers that cannot ...
AIG works hard to make sure taxpayer installment loans get paid off
Of course, American International Group borrowed money during the bailout. It borrowed a lot more than many though. Lots of talk was around the installment loans the company took. This was $130 billion that originated from the taxpayers. AIG has shown advances. This gives hope. A number of billion has been paid ...
Bonds aren’t as well-liked for investors as dividend-paying stocks
Dividend-paying stocks are what most investors want. It is because of the market. Record-low rates of interest make putting cash in financial institution accounts illogical. The economic recovery may not necessarily be coming along too easily, but you will find plenty of companies paying out dividends with lots of cash. The number of businesses ...
Odd widening with the trade deficit meaning an increase being recorded
Wall Street started going crazy after a trade deficit increase was shown Wednesday by the Commerce Department for the month of June. $ 7.9 billion was how much in June the trade deficit widened. Stocks nose-dived at the news. The trade deficit also led analysts to believe that U.S. economic recovery slowed more than they ...
