CFPB: We’ll Change Credit Card Act Rule to Help Stay At Home Moms

After complaints about the effect of the Credit Card Act on stay at home parents, the CFPB will propose a new rule to remedy the situation. It is yet another stunning example of how our legislators continue to enact laws with unintended consequences, one that was supposed to prevent college-aged students from getting in debt [...]

What is a Daily Money Manager and Can They Help you Control Spending?

Have never heard of a daily money manager (DMM)? It’s not something that you will hear anyone readily admit, but most people are lousy money managers. And, we’re not talking about sophisticated portfolio management or financial planning; we mean the day-to-day task of keeping the household financially afloat by managing a budget, paying the bills, balancing [...]

Retail Tracking and Credit Card Data Mining … You’re Being Watched

It began innocently enough. You swipe your grocery club card at checkout, and as you gather your bags, the checkout clerk hands you some coupons with offers on the products you just purchased. Never mind that one included a dollar off on a product you just paid full price for, because from that moment on, [...]