Category: Consumer’s Corner

Credit-Card Fees: the New Traps

Posted by admin in Consumer's Corner on March 18, 2011

A new federal credit-card law that takes effect Monday could erase billions of dollars a year in fees and interest charges paid by consumers. But card issuers are already deploying new tactics that could prove costly for even the most cautious cardholder.

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Reverse Mortgage: What the AARP Suit Means for You

Posted by admin in Consumer's Corner, Reverse Mortgages on March 18, 2011

Seniors who took reverse mortgages are being pushed into foreclosure by HUD, according to a lawsuit filed by the AARP. Are all seniors who took a reverse mortgage at risk? No, only those who decided to put only one spouse on the reverse mortgage.

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