Archive for the ‘blurbs’ Category

Bush Administration Considering A Takeover Of Freddie And Fanny | Consumerist

Obama Losing Voters Over FISA Support (I may be one of them. I want a president who will protect citizens, not lawbreaking corporations.) | /.

“The thrust of the law is to require mortgage servicers to exhaust all avenues in order to contact borrowers and negotiate modified terms before foreclosing. It also provides limited protections for tenants affected by landlords’ foreclosures and imposes duties on foreclosing servicers to maintain properties.” California Foreclosure Law Passed | Consumer Law & Policy

Fed to Issue New Mortgage Lending Regulations Next Week | Consumer Law & Policy

Obama would ease bankruptcy for military, seniors, disaster victims; says McCain backs bankers | StarTribune

Can Prayer Lower Gas Prices? These People Think So | Consumerist

Recognize this pattern? Industry promises that freedom from regulation will lead to lower prices. Government goes along with the plan. Then industry jacks up prices now that nobody can tell it not to. Typical. Report: cable more expensive in wake of FCC franchise reform | Ars Technica

“Rather than dealing with debt collectors, foreclosure procedures and repossessions, it is best to honestly assess your finances to determine the impact of unemployment. . . . [D]ealing with the issue early on will save lots of money and prevent you from staying up all night worrying about debt.” Managing Debt in Times of Unemployment [...]

If you have no chance of winning the lottery, has the state breached its contract with consumers if it keeps selling tickets? ‘Zero’ chance lottery tickets stun some players | CNN

“More consumers are finding themselves the target of aggressive agents who don’t always play by the rules. Here’s what you need to know.” Debt collectors on the rampage | CNN

Gas prices scale record $4.10 a gallon | CNN Money

Virginia Republican Senator John Warner wants to return to the 55 mph national speed limit, which reportedly saved 167,000 barrels a day and 4,000 lives a year while it was in effect. National speed limit pushed as gas saver | CNN

People with shaky credit are getting suckered by risky loans against their paychecks, homes—and even cars. Dragged Down by Debt | Newsweek

“By the time the Senate returns next Monday from its July 4 recess, some 55,000 more homes will have entered foreclosure. And that’s hardly the full picture of the growing calamity. More than three million homeowners are currently at risk of default and millions more are expected to join them in the coming year as [...]

“Wal-Mart broke Minnesota labor law more than 2 million times over six years by forcing some employees to work without breaks and without full pay . . . . The violations carry a penalty of up to $1,000 each, adding up to a potential $2 billion fine . . . .” Wal-Mart broke Minnesota labor [...]