June, 2010

With just pennies at a time, online credit card scam stole millions

An online credit card scam that stole millions, with just pennies at a time, was halted by the U.S. Federal Trade Commission. The online credit card scam used fake companies and identity theft to steal small amounts of money that went undetected by consumers or fraud detectors. Over the last four years, more than a ...

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Taste of Chicago 2010 brings you great food, hot entertainment

Bringing out the colorful, tasteful flavors of Chicago, Ill., from people all over the world is the annual Taste of Chicago. Taste of Chicago 2010 will be June 25 through July 4, and it will be held at the city's front yard, the beautiful Grant Park. Taste of Chicago 2010 - Bringing yet another year of ...

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Fight to weaken new mortgage rules in financial reform by lobbyists

Tuesday the US House and Senate plan to start refining mortgage legislation. The legislation would apply the biggest overhaul to mortgage lending rules in decades. The mortgage legislation is intended to end the risky lending practices blamed for causing the financial crisis. Mortgage industry lobbyists are working really hard to take the teeth out of ...

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Governor payday loan bill veto countered by S. Carolina House

Recently, South Carolina Gov. Mark Sanford vetoed H.3790, a payday loan bill that would have stretched the payment period from two weeks to four months (without changing the fees charged). Furthermore, H.3790 would have eliminated unsecured loans in South Carolina and outlawed the common practice of a customer presenting a lender with a post-dated check. ...

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UK Office of Fair Trading votes no on payday loan cap

America has seen its share of payday loan rate cap legislation in recent years. However, not all countries that allow loan company to serve consumers in need of easy payday loans are so eager to institute a rate cap that could stifle the natural price controls present within a free market economy. According to UK ...

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