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Category Archive for: ‘Financial News’

Stressed Out Money

Does The New CardAct Law Discriminate Against Stay At Home Parents?

Have you read about the CardACT legislation that went into effect, October 1, 2011?  If not, read up here: The Federal Reserve’s rule told credit card companies that they no longer can consider household income when assessing the creditworthiness of an individual who applies for his or her own card. Under the rule, only an individual’s own salary or other …

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Changing Student Loan Practices Due to Market Turmoil

Some of you may remember my post about Sallie Mae No Longer Consolidating Student Loans. [The following was provided by Mark Kantrowitz and expanded by NASFAA.] Updated List Of Lenders Changing Loan Practices In the wake of the subprime mortgage market turmoil and lender subsidy cuts by Congress, student loan providers are modifying their business practices to adapt to a …

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