May 18, 2016 |
New consumer-protection rules expected to take effect next year will unleash a flood of suits against banks, credit card firms and others, says a lawyer who has been battling for financial service clients for much of his career. Alan Kaplinsky, head of Ballard Spahr's financial services group, said a proposal by the federal Consumer Financial Protection Bureau to drop a prohibition on class-action lawsuits in many credit card and banking contracts would spur plaintiffs lawyers to sue. "We are going to see a huge increase in class actions," he said.
May 13, 2016
ISSUE | CAMPAIGN 2016 Voters of tomorrow I am a junior at Science Leadership Academy at Beeber. My history teacher assigned my class to volunteer at the polls during the April primaries for whichever candidate we chose. Democratic presidential candidate Hillary Clinton's websites required that I make a donation - as little as a dollar - to volunteer. I am 16, I don't have a credit card, and mailing a dollar was not allowed. Without options, I didn't volunteer and faced flunking the assignment.
May 8, 2016
A federal judge in Trenton on Friday sentenced a 34-year-old Philadelphia woman to 40 months in federal prison for her role in a massive credit-card fraud scheme, prosecutor said. Vernina Adams, 34, pleaded guilty before U.S. District Judge Anne E. Thompson to one count of conspiracy to commit bank fraud. She was charged in 2013, and since then 18 others have pleaded guilty in connection with the conspiracy to fabricate more than 7,000 false identities and obtain tens of thousands of credit cards.
May 4, 2016 |
An Upper Dublin High School English teacher has been charged with having a months-long sexual relationship with an 18-year-old male student. Rose Marie Limuli, 39, of the 1500 block of North Line Street in Lansdale, was arrested Monday and charged with a dozen third-degree felony counts of institutional sexual assault, which outlaws sexual relations between a teacher and a student, even if the student is 18 or older. Investigators said the events happened from December until March 31, when the Upper Dublin Police Department became aware of the allegations, according to a police statement issued Monday.
April 26, 2016 |
As we waited in the airport for a plane back to Philadelphia recently, we glanced at our boarding passes and were pleasantly surprised to see Group 1 printed at the bottom. Group 1? We are usually in Group 4, along with the woman who forgot she has a 24-ounce bottle of shampoo in her purse. When the agent announced that the plane was ready for priority boarding, we got up from the plastic seats, ready to go. Then he welcomed those seated in first class. Then families with small children were "welcome to board.
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)