Once dominated by the sub-prime lending debacle, the new wave of home foreclosures focuses on prime mortgages lent to once financially stable individuals. Many economists are predicting the unemployment rate to increase from its current 8.9 to double digits. The rise can fuel the fire of banks losses and further pressure the financial system and [...]

Disney unveiled a new virtual board game that allows kids and adults to learn about money, personal finance, and wise financial planning. The game aimed at kids 8 to 14 years old teaches them lessons of fiscal responsibility. Adults are encouraged to participate with their kids and get involved with their financial education. The Great [...]

The market took a steep jump today as confidence data showed the strongest consumer confidence jump for one month than we’ve seen in six years. The index for consumer confidence surged in May registering the largest monthly jump since April 2003, according to the Conference Board, an industry group. The news out weighted investers concerns [...]

President Obama signed the credit card accountability act today. The bill offers more protection for card holders and limits card companies practices considered by many to be deceptive. “Consumers are not going to get a free pass,” President Obama said. “But institutions have to act responsibly.” The new law bans rate increases deemed to be [...]