Banks leaning on high-interest personal loans to boost revenues, newspaper …

Banks that backed away from making high-interest personal loans after the financial crisis are jumping back into the market, part of efforts to boost revenue amid tightening federal lending rules targeting mortgages and credit cards,the Wall Street Journal reports.

The report says banks, credit unions and other lenders made $34.5 billion in personal loans during the first half of the year, up 8.7 percent from the same period last year.

The high-interest loans are attractive to lenders as profit margins on more heavily regulated mortgages and credit cards narrow, though they face more competition from non-traditional lending startups, the report says.

Read the full Wall...

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Self-Regulatory Organizations; The Fixed Income Clearing Corporation; Notice …

Federal Information News Dispatch, Inc.

Self-Regulatory Organizations; The Fixed Income Clearing Corporation; Notice of Filing Amendment No. 1 to Advance Notice Relating to the Government Securities Divisions Inclusion of GCF Repo(R) Positions in GSDs Intraday Participant Clearing Fund Requirement Calculation, and GSDs Hourly Internal Surveillance Cycles

Citation: 79 FR 58007

Document Number: Release No. 34-73187; File No. SR-FICC-2014-801

Page Number: 58007

Notices

   September 23, 2014.

   On January 10, 2014, Fixed Income Clearing Corporation...

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Paying tuition a challenge as costs skyrocket and aid varies

Tammy Abercrombie thought she did everything right to ensure that her daughter Tyanna, a high school senior at Aliquippa Junior/Senior High School, wouldnt become another student bogged down by college debt.

The Abercrombies opened a college savings plan when Tyanna was 7 and diligently socked away cash. But with college looming large and costs averaging about $20,000 a year at public universities — and $40,000 and up at private schools — theyre wondering how they will pay the bill.

“Even with the savings we have, its still not enough,” Abercrombie said as she and Tyanna joined hundreds of students and parents at a scholarship fair this month at Barack...

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Oyler: Much to do about nothing when picking up mail

When we returned from vacation last month, one of my tasks was to go to the post office and pick up our mail.

I was impressed with the quantity of mail and decided it would be interesting to inventory it as an example of life in the 21st century. We had received a total of 128 items.

The biggest items, of course, were two weekly advertising circulars. We trash them immediately; perhaps our advanced years and affluent life make us inappropriate customers for them. We also got two weeks worth of Pennysavers. I am more respectful of those. After all, if it werent for the Pennysaver, the Bridgeville Area News and this column would not exist.

Between the two of us we received...

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Can General Electric Return To Its Previous Blue-Chip Dividend Growth Stock …

Introduction

General Electric (NYSE:GE) has announced a strategy and new focus to be the worlds best Infrastructure and Technology Company. Already in 2014, the company has announced that it has taken significant steps to reshape and refocus its portfolio. In the future, the company has a stated goal to achieve 75% of its earnings from its industrial business by 2016. The recent announcement to divest its appliance business appears to support its objectives.

The important question for prospective investors is, can it achieve these goals, and by doing so, return the company to its previous status and legacy of a blue-chip dividend growth stock? This article is offered to help potential...

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WHY YOU’RE IN DEBT TO YOUR EYEBALLS

Weve all seen the Lending Tree commercials where the guy sarcastically says: Im in debt up to my eyeballs. I can barely pay my finance charges. Somebody help me!

If that sounds like you, read on. Here are a few reasons why youre swimming in debt and what you can do about it.
No spending plan. Without a plan or financial goals, youre headed down the road to digging yourself deeper into debt. A spending plan establishes goals and principles. If your goal is to save money for an emergency fund, then you need to avoid more debt along the way. Since debt must be paid back, it would take away from funding the money saving goal.

Keeping up with everyone else. Your neighbour just...

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Now is the time to cash in as lenders wage war

Fierce competition among lenders is resulting in cuts in loan cuts [GETTY]

A price war among lenders has driven mortgage, personal loan and credit card rates to all-time lows. But with a potential hike to the Bank of England base rate looming, it wont last much longer.

If you want to raise funds, take action now because rates are likely to go up early next year.

You may also be able to save money by switching your existing debts to a more affordable deal. Just make sure you dont borrow more than you can afford...

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Money Matters: Smarter, easier ways to manage your finances

In the past two decades we have seen unprecedented expansion in technological activity that has dramatically altered the way we live our everyday lives. I read books on my phone, order pizza online, track my heart rate on my iWatch, and on and on. The area of personal financial management has seen its fair share of technological advances that have changed the way we interact with our money as well.

Below are some examples of my favorites:

1) At the top of my list is mobile check deposit. It has been around for several years, but it still elicits the same astonished reaction from people who see it for the first time. It’s elegantly simple.

Open your mobile banking...

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Another view: Bankruptcy protection is legal but flawed

This editorial ran first in the Hamilton Spectator:

US Steel owes almost $79 million to contractors and suppliers. That includes about 190 local companies that are owed collectively more than $22 million. Its too soon to know the extent of the losses to be absorbed by those creditors, but chances are very high that most of them will not be getting much compensation.

US Steel is protected under the Companies Creditors Arrangements Act. That protection, sought and granted earlier this month, effectively ranks creditors and requires the company...

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Stock Update: Bank of America Corporation (NYSE:BAC) – Bank of America …

[Business Wire] Bank of America today announced a Catalytic Finance Initiative, designed to stimulate at least $10 billion of new investment into high-impact clean energy projects. The initiative
Read more on this.

Bank of America Corporation (BAC), valued at $179.30B, began trading this morning at $17.05.

A quick look at the market, the companys stock traded between $17.03 and $17.20 with a trailing 52-week range being $13.60 to $18.03.

BAC shares are currently priced at 42.38x this years forecasted earnings, which makes them relatively expensive compared to the industrys 16.01x forward p/e ratio.

And for dividend hunters, the company pays shareholders...

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