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Health care bill wins major support from AARP and AMA

Health care reform may be picking up steam as AARP,an organization representing millions of older Americans, and the American Medical Association (AMA) endorse a $1.1 trillion dollar House bill that could come up for a vote as early as this Saturday. READ MORE.

Consumers denied loan for disputing inaccurate information on credit reports

A Fannie Mae policy puts consumers in a Catch 22. They have to dispute inaccurate information on their credit reports to qualify for loans, but those disputes could be the grounds on which a loan is denied.

Does the Fair Credit Reporting Act apply to Equifax's National Consumer Telecom and Utility Exchange?

Telecom and utility companies use the National Consumers Telecom & Utilities Exchange (NCTUE), a members-only, unique Equifax database to review consumer credit history. The question remains whether the Fair Credit Reporting Act applies to the NCTUE and what information consumers should be able to obtain about themselves.

Senator moves to impose immediate freeze on credit card interest rates

Senator Dodd is pushing back at the Credit Card companies for forcing interest rate hikes and dropping credit limits on consumers. The question remains whether Congress will follow through.

Is one-time Social Security payment a good idea?

President Obama has proposed a one-time, tax-free payment of $250 for Social Security recipients in 2010 because they will not be receiving a cost-of-living adjustment because of the state of the economy. Is this a good idea?

 

T-Mobile begins charging $1.50 per month to receive a paper bill

T-Mobile begins charging all customers $1.50 for the privilege of receiving your bill in the mail. Oh by the way if you were already paying $1.99 for the privilege of receiving a detailed bill the $1.50 will be added to that total.  Are they also going to start sending it postage due?

UPDATE: Sept. 11, 2009 - T-mobile has withdrawn the $1.50 billing charge.

Ban on annoying telemarketing robocalls starts Sept. 1

Those annoying prerecorded telemarketing calls are about to become illegal and violaters will face stiff fines. MORE

Credit Cards interest rates from fixed to variable

The credit card companies are adopting yet another method to change interest rates at their whim and circumvent the regulation adopted in the Credit CARD Act. Welcome back the variable interest rate.

Could Obama be reading our blogs?

A month before President Obama was elected, we blogged about the horrendously expensive fraud in the Medicare system and suggested that the new president make that one of his priorities. Apparently, he has as federal agents are already showing impressive results in a nationwide crackdown on Medicare scammers.

Chase raising the monthly minimum payment due

Chase is raising the minimum monthly payment on some of its loans which raises the ire of some of its customers.



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