July 19, 2013 |
WASHINGTON - President Obama on Wednesday hailed Richard Cordray's long-awaited confirmation as head of the Consumer Financial Protection Bureau, saying his installation gives consumers a stronger footing "for years to come" in dealings with banks and credit card companies. Obama, the beneficiary of a Senate agreement Tuesday that cleared the way for a number of his nominations, said Cordray's confirmation eliminates any lingering doubts about the authority of the consumer agency, whose creation was one of the key features of a 2010 financial regulation law and has long been a point of contention with Republicans.
July 16, 2013 |
A REAL PAL WILL GIVE you a dollar when you're in need, but a PayPal will give you $92 quadrillion. Delaware County resident Chris Reynolds received just such a shocking delivery from PayPal on Friday, when he opened his monthly statement from the online money-transfer company via email and saw that his ending balance was $92,233,720,368,547,800. "I'm just feeling like a million bucks," Reynolds told the Daily News yesterday. "At first I thought that I owed quadrillions. It was quite a big surprise.
July 10, 2013 |
WASHINGTON - Americans increased their borrowing in May at the fastest pace in a year. Borrowing in the category that includes credit cards reached its highest point since fall 2010. Increased borrowing typically means that consumers are feeling more confident. Americans stepped up their borrowing by $19.6 billion in May compared with April, the Federal Reserve said Monday in its monthly report on consumer credit. That was the biggest jump since a $19.9 billion rise in May 2012. Total borrowing reached a record $2.84 trillion.
June 19, 2013 |
BOSTON - Spend now. Figure out how to pay for it later. No, that isn't only the mantra of the U.S. government, but how the Flyers handle life in the NHL's salary-capped world. The Flyers already have maxed out Ed Snider's credit card - also known as next year's $64.3 million salary-cap limit - and they're already spending again, before they've even chipped away at the debt. That's because the Flyers agreed in principal to a 4-year, $21 million deal with defenseman Mark Streit, whom they acquired in a trade from the Islanders on June 12. Sources confirmed the deal, first reported by TSN's Darren Dreger in Canada.
June 14, 2013 |
VATICAN CITY - The Vatican put a new coin on sale last week to commemorate its historic papal transition. Too bad overseas collectors won't be able to buy it for months. The Associated Press has learned that the Vatican still hasn't fully resolved an embarrassing shutdown in credit card services, despite announcing four months ago that systems were back up. The impact has been far worse than the Vatican let on, costing the Holy See sales at a time when Pope Benedict XVI's resignation and Pope Francis' election laid the groundwork for a bonanza in Vatican-minted papal memorabilia.
June 10, 2013 |
Building credit for the first time in your life or rebuilding credit after a personal financial disaster is a tough assignment. But with some pointers from experts, and dedication to personal discipline, it can be done. First, see where you stand at the moment with the credit-rating agencies, says Dave Roos at HowStuffWorks, who cites one report that said 50 million American adults have no credit history at all. Roos' list of credit-building steps seems aimed at those 50 million, presumably young or poor individuals, but the lessons are for everyone.
June 7, 2013
B ILL MARVIN, 42, of Haverford, a Penn graduate, is president, CEO and founder of InstaMed, a health-care-payments firm at 19th Street and JFK Boulevard. The company's single, integrated platform simplifies the health-care-payment process for more than 400 hospitals, 60,000 clinics and medical practices and 100 billing services. It connects to 3,000 payers and integrates with 50 practice-management systems. Q: How did you come up with the idea for InstaMed? A: In late 2004, it started as a way to process credit cards, debit cards, checks and electronic-funds-transfer transactions; to transmit electronic claims and remittances, as well as eligibility and health-care info.
June 6, 2013
DEAR HARRY: About a year ago, you helped us make a large dent in our credit-card debt and get started on the path to healthy finances. We will be clean on our credit cards next month. Boy, is it a relief to see light again! The only debts we'll have left are our mortgage and a car loan that will be gone in September. Last night, a friend told me that he read somewhere that it was wrong to pay off the highest-interest creditors first. He said a recent survey proved that it was far better to pay off the smallest amount owed so you have a quick success under your belt.
May 15, 2013
D EAR ABBY: I am a woman in my late 40s, and I hate sex. I'm disabled, and it has always been torture. I never got any positive benefits out of it. My problem is I get hit on constantly. I'm single, own my own home and the men in this town (married and single) all seem to think I'm fair game. They're convinced that I'm in need of satisfaction because I don't date or have a steady man in my life. I have told them repeatedly that it's not going to happen, but every once in a while one pops up on my doorstep or approaches me in town, only to be told again to leave me alone.
May 10, 2013
A Lower Merion Township woman who has been suffering from depression after the recent deaths of her husband and father is missing and police are seeking help finding her. Relatives told township police they hadn't heard from Joan Delorefice, 53, in about a week. Her brother-in-law and other relatives finally went to her Haverford home on Tuesday, and when she wasn't there, they reported her as missing. Delorefice's car was parked in her garage and police found no credit card or cell phone activity over the past week.