Personal Finance News

Citing his son’s suicide, Bernie Madoff told CNN this week that he can’t sleep and that he earns just $40 a month doing manual labor behind bars. He also said that while he worked for awhile as a clerk in …

The Dow Jones Index (DJI) closed above 15,000 for the first time in history last week. This puts the major stock indexes – Dow Jones, S&P 500, and the Nasdaq – up 15.37%, 14.55%, and 13.81% for the year.

Is this …

Now that Mother’s Day is now officially over, many of us were talking about how moms influence their kids and when it comes to money, there are not many whose influence outweighs moms. Moms and money – formidable pair, yes? …

It promised to crack down on the expensive payday loans and the companies that provide those types of services. It now appears the Consumer Financial Protection is doing just that very thing.

Seems as though the consumer mortgage financial news in recent weeks has been focused solely on the mortgage lenders’ collective crises. There’s a lot to be sorted out. Not only that, but if the banks and other financial bodies – …

Living on the Mississippi Gulf Coast, there was a very disturbing statistic that emerged following the devastating Hurricane Katrina landfall in 2005. These days, it’s a storm of a different kind and because of it, debt and suicide are becoming …

It was designed to keep homeowners who were at or near the foreclosure level in their homes. Instead, President Obama’s “cure-all”, now in its fourth year, is failing miserably. The mortgage modification program, Making Home Affordable, or HAMP, was supposed …

Imagine watching the evening news and a video pops along with a news story about the ATM you use most often. You may have already seen your bank in the 5 p.m. news and if you haven’t, there’s a good …

Last week, the Federal Trade Commission announced it had settled a lawsuit with several debt collectors after it learned they were fraudulently conducting business. As a result, the companies were forced to pay out nearly $800,000 to consumers after deceptively …

Bank of America is doing its best to rise above the problems in the financial sector these days and one way it’s doing that is by partnering with Khan Academy to offer customers the opportunity to really delve into their …

Tax season is in full swing. Last minute returns have been sent in and tax refunds are rolling out to taxpayers across America. Whether you get a small tax refund or a massive refund you need to have a …

Last week, Bitcoin voluntarily halted its trading for 12 hours due to what’s being described as “another powerful cyber attack”. It was a brutal week, to be sure.

Not long ago, the folks behind the Occupy movement decided they were going to take an amount of money from various sources and use it to simply pay off bills for consumers around the country. It meant many people, in …

The highly anticipated unemployment numbers were released this past Friday and as expected, they were disappointing – tragically disappointing. This week, we take a look at not only the unemployment numbers, but the other reports released last week, including those …