| Aug 8, 2014
| 1:13 PM
America’s most widely used credit-scoring system is being revised to reduce the negative effect of overdue medical bills and to quit penalizing consumers who pay off debts that had been assigned to collection agencies.
The changes to the hugely...
| Aug 8, 2014
| 6:17 PM
The nation's dominant credit-scoring system is being revised in a way that could save consumers nationwide billions of dollars, especially in qualifying for mortgages, auto loans and credit cards at lower interest rates.
The changes to FICO criteria are...
| Aug 1, 2014
| 5:08 PM
An Irvine mortgage company that pulled the plug on its higher-risk loans a year before the Great Recession has launched an array of rule-bending home loans nationwide — a sign of a thaw in tightfisted lending standards in place since the housing...
| Aug 4, 2014
| 6:12 AM
Concerns that homeowners are unwittingly being taken advantage of by unscrupulous individuals remain top of mind for authorities, despite improvements to the housing market.
In the past few weeks, a Chicago City Council committee urged the Cook County...
| Aug 4, 2014
| 4:28 PM
Q: I have a vacation home loan that is a couple of years old.
I always pay promptly, and I pay more than the monthly requirement, because I hope to pay it off early. I have gotten a request from the lender for tax returns for the last three years and a...
| Aug 31, 2014
| 3:26 PM
TORRINGTON — U.S. Sen. Elizabeth Warren is not — I repeat, not — running for president.
The Democrat from Massachusetts has said over and over that she will not be a candidate in 2016. She even recently had her attorney send a letter...
| Aug 26, 2014
| 4:30 PM
Consumers paid an estimated $32 billion in overdraft fees on their debit accounts in 2013. But did you know that most of that revenue comes from customers who give the bank explicit permission to charge them?
The Consumer Financial Protection Bureau...
| Sep 10, 2014
| 3:17 PM
I returned from vacation this week to find one of those lovely letters at home alerting me that my personal information may have been stolen in the data breach that hit physicians affiliated with Community Health Systems.
The next day I heard about...
| Sep 11, 2014
| 8:59 AM
Whether Apple Pay is the mobile payment service everyone's been waiting for, or something no one wants, won't be known until it's formally rolled out and given time to either thrive or wither away.
But Adam Levitin, a financial regulation expert at...
| Sep 7, 2014
| 7:05 AM
From Washington state to Florida, surprising letters from banks have turned up in the mailboxes of at least a dozen people.
The message in each case: Your bank account is being closed. What frustrates the recipients is not only that they are all of...
| Jul 10, 2014
The Watchdog has reminded you countless times about the need to read the fine print on all of your paperwork so you know what you're getting into, and how you can get out when you need to. Too many people......