April 18, 2016 |
If you need cash in a hurry, you can easily find lenders - online, or at offices in many Southern and Western states - who are happy to give you $500 today, and collect it back, with hundreds of dollars in interest, from your next several paychecks. That kind of payday lending is illegal in Pennsylvania and more than a dozen other states. Pennsylvania law effectively limits interest on loans under $25,000 to 24 percent a year. But that hasn't stopped a group of canny investors and their lawyers from finding ways to make high-interest loans that they say don't violate state laws.
March 17, 2016 |
Lax oversight by the city and negligence by the head of taxpayer-supported Visit Philadelphia enabled the nonprofit tourism agency's chief financial officer to embezzle $200,000 over nearly seven years, according to an investigative grand jury report released Wednesday. Joyce Levitt, 61, who worked for Visit Philadelphia from 2003 through 2012, including seven years as CFO, turned herself in Wednesday to face charges of theft, forgery, and fraud, Philadelphia District Attorney Seth Williams said.
March 16, 2016
These pearls of wisdom from longtime Daily News personal-finance columnist Harry Gross appeared in the newspaper on Nov. 15, 2015, on the occasion of his retirement. LET ME leave you with a number of tidbits of wisdom I have picked up over these many years. Many are original; many are not. They have guided me in numerous ways. * The only way to stay ahead financially is to live beneath your means. * If it sounds too good to be true, it is too good to be true.
February 25, 2016
After a long illness, Harry Jay Katz died peacefully early Tuesday. He was 75. This is a remembrance. He was generous to a fault, sometimes to the wrong people, capable of the grand gesture and the petty feud. Harry Jay Katz stood above the crowd, sometimes to look down on them, sometimes to lend a helping hand, usually in the form of cash. He was dashing, durable, and diplomatic, and for a half-century he lived in the limelight and spun stories like a spider. In the old days, they would have called him a raconteur.
January 18, 2016
Cellphone wallet cases let you carry some credit cards or IDs in integrated slots, while, ideally, providing impact protection for the phone. But what if you love those super-tough cases you've come to trust - few of which include storage space? Just stick on a Sinjimoru Sinji Pouch, and you're good to go. Slightly larger than a credit card, the kangarooesque pouch is made of a bounce-back elastic fabric attached to a hard sueded backing that sticks to the back of your phone case (or the phone itself)
December 30, 2015
When will SEPTA Key be available? According to the transit agency, the card will be available as a replacement for weekly and monthly passes by the end of March, but will not have full functionality until the end of the summer. What will it do? It will pay for rides on the subway, buses, and trolleys. It will take the place of every fare type on the city's transit system, except Regional Rail. It can be used as a single-ride card and can be replenished at kiosks and online, or, with some personalized versions of the card, can be linked directly to a bank account and draw from that automatically.
December 24, 2015
TO INSPIRE YOU to kick off a new financial you for 2016, I want to share two online exchanges I had recently. First, there was a testimony: "In 2009, knowing we were [getting married] the following year, I told my fiance that we had to leave the wedding day with no debt, and I told him about your idea of various 'pots' of money," a reader wrote. "So we started the 'First of the Month Club,' in which we each put $100 in an envelope every month. At first he thought it was silly, but boy did he stop laughing when, on our wedding day, 12 months later, we had $2,400 in cash that was used for tips and other last-minute purchases, and we left our wedding reception with zero debt.
December 24, 2015
SANTA MAYOR NUTTER on Tuesday, without a hearty ho-ho-ho, gave an early Christmas present to law-abiding Philadelphians, who must have been nice this year. Unhappily, the gift seemed like a lump of coal to those dedicated to protecting illegal immigrants, including those foreigners who have been convicted of a crime. The mayor reversed his 2014 executive order that had curtailed cooperation with U.S. Immigration and Customs Enforcement, a federal agency under the Department of Homeland Security.
October 30, 2015 |
THE FIRST DEFENSE witness Chaka Fattah Jr. called to the stand yesterday in his federal trial on bank and wire fraud was former Gov. Ed Rendell. Rendell was on the stand for fewer than 10 minutes. He said his campaign hired Fattah, the son of U.S. Rep. Chaka Fattah Sr., as a photography consultant starting in January 2002. "You were a hard worker who took excellent photographs," Rendell said. Fattah asked if Rendell was satisfied with his work, and Rendell replied: "Absolutely.
September 2, 2015
LOU BALCHER had a feeling about it. A premonition, you might say. After he parked his 2004 Mazda 6 on 12th Street between Walnut and Locust, on Monday, Aug. 3, he attempted to pay at a kiosk, which didn't accept his credit card. He tried another credit card. No luck. He tried cash. Strike three. The Langhorne resident was running late for an 11 a.m. appointment, "but I saw this Parking Authority person a block away and asked her if she covered 12th Street. " He told her about the nonfunctioning kiosk and she told him she did cover 12th Street but was not the only parking-enforcement officer who did. "I can't guarantee you won't get a ticket," he says she told him. You know what's coming.